In August 2016, Vietnam shrimp exports reached US$306.1 million; up 12.3% over the same month in 2015. In the first 8 months of this year, shrimp exports reached US$1.9 billion; up 5.8% from the same period last year.
Among total shrimp exports, the proportion of whiteleg shrimp rose thanks to rise in production and farming area while those of black tiger and marine shrimp reduced.
In Jan-Aug 2016, sales of whiteleg shrimp with the proportion of 60.4% of the total exports increased by 10%; sales of black tiger shrimp decreased 0.5% and accounted for 31.4%. In total shrimp products for exports, export value of processed whiteleg shrimp (HS 16) reported the largest increase of 12%, canned marine shrimp (HS 16) showed the biggest drop of 66% with modest value of US$1.8 million.
Vietnam shrimp exports to top 5 main markets reported the increase except for Japan down 6.4%, exports to China showed the sharpest increase of 36.9%, to the U.S. up 16.4%; to South Korea up 13.5% and EU up 7.1%.
The U.S.
The U.S. - the largest importing market with the proportion of 22.5% of the total exports, imported US$435.3 million of shrimp from Vietnam in Jan-Aug 2016, an year-on-year increase of 16.4%. The import shrimp price into the U.S. rose due to lower supply from India, Indonesia, Ecuador, Thailand. Demand for black tiger shrimp US imports increased in the context of lower supply from in India, Indonesia.
EU
Decline in shrimp inventories in EU made room for Vietnam shrimp exports to the market. Through Aug 2016, Vietnam’s shrimp sales to EU hit US$372 million, up 7.1% year on year. Exports to 3 key markets in the bloc posted positive growth in which exports to the Netherlands posted the sharpest increase of 29%.
Until Aug 2016, the U.K remained the biggest market of Vietnam shrimp in the bloc with the advance of 8.4%. Demand for warmater shrimp in the U.K remained good this year.
Vietnam shrimp exports in the last months of this year are expected to show slight increase compared to the same period of last year.
By Kim Thu
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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