The statistics of the International Trade Centre (ITC) showed that shrimp imports into the Netherlands through June 2015 reached US$246.8 million, down 24.5% year on year.
In the first two quarters of this year, among 8 leading shrimp suppliers, Bangladesh, Vietnam and Nigeria raised exporting shrimp to the market double digit growth. The others reported decreases. Indonesia witnessed the deepest dive of 51.8%. India, the largest shrimp supplier to the Netherlands, also reported the decline of 7.1%.
Vietnam, the fourth largest supplier, taking 10.2% of the total imports of the Netherlands, grew by 28.7%.
The Netherlands also imported shrimp from European countries such as Belgium, the UK, Germany and France. In Dutch market, Vietnam competes quite well with other Asian suppliers such as India, Indonesia, Thailand and China.
In H1/2015, among EU 27, the Netherlands was the fifth shrimp importing market, behind Spain, France, the UK and Germany. In 2014, Vietnam shrimp exports to the market reported the 15 year high with the volume of 3,639 MT, worth by US$ 46 million. In QI/2015, the result upped 37% quarter-on-quarter but when it turned to QII/2015, exports downed 11%.
In the first 8 months of 2015, Vietnam shrimp exports to the market valued nearly US$59 million. The decline from last year's result was attributable to European economic crisis and EUR’s devaluation.
This also affected other seafood imports into the market.
It is expected that shrimp exports to the Netherlands in the last months of the year continued to edge down comparing to the same period of last year. Shrimp imports into the market will surge when EUR recovers in 2016.
Top 10 largest shrimp suppliers to the Netherlands (Source: ITC, Value: US$ thousand) |
|||
Suppliers |
Jan-Jun 2014 |
Jan-Jun 2015 |
Variations (%) |
The world |
326,784 |
246,826 |
-24.5 |
India |
55,678 |
51,708 |
-7.1 |
Morocco |
56,340 |
46,706 |
-17.1 |
Bangladesh |
21,875 |
31,336 |
43.3 |
Vietnam |
19,606 |
25,226 |
28.7 |
Belgium |
40,544 |
22,498 |
-44.5 |
Indonesia |
37,216 |
17,941 |
-51.8 |
Nigeria |
10,246 |
11,747 |
14.6 |
Ecuador |
11,428 |
10,928 |
-4.4 |
Germany |
16,048 |
6,447 |
-59.8 |
Suriname |
3,694 |
5,556 |
50.4 |
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
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