According to Vietnam Customs, shrimp sales by the country in May 2014 reached US$345 million, up 41 percent year on year. Exports to almost main markets reported robust increase, driving total shrimp exports through May 2014 up 70.4 percent to hit US$1.4 billion.
Through May 2014, the U.S. took the leading position in importing Vietnam shrimp with the value of US$445 million, up 128.6 percent year on year. Shrimp exports to the market have been going up since the early 2014 with the proportion of 30.4 percent of Vietnam's total shrimp exports. Vietnam shrimp sales to the U.S. in 2013 also reported positive growth with the proportion of 22.5 percent, ranking behind Japan with the proportion of 27 percent.
|
Shrimp imports into the U.S. from main origins, Jan-Apr 2013-2014 (Source: USDA) |
|||||||
|
No. |
2013 |
2014 |
Variations in value (%) |
Variations in volume (%) |
|||
|
Value ( US$ mil.) |
Volume (MT) |
Value ( US$ mil.) |
Volume (MT) |
||||
|
Total |
1294 |
145,980 |
2095 |
165,552 |
62 |
13 |
|
|
1 |
Indonesia |
223 |
23,620 |
457 |
32,730 |
105 |
39 |
|
2 |
Ecuador |
188 |
24,064 |
310 |
28,763 |
65 |
20 |
|
3 |
India |
216 |
23,784 |
369 |
27,130 |
71 |
14 |
|
4 |
Vietnam |
113 |
10,728 |
329 |
22,428 |
191 |
109 |
|
5 |
Thailand |
271 |
30,060 |
241 |
18,051 |
-11 |
-40 |
|
6 |
China |
59 |
9,183 |
99 |
10,928 |
67 |
19 |
|
7 |
Peru |
28 |
3,208 |
49 |
4,203 |
72 |
31 |
|
8 |
Mexico |
81 |
6,330 |
76 |
4,171 |
-6 |
-34 |
|
9 |
Malaysia |
44 |
6,257 |
44 |
4,146 |
-- |
-34 |
|
10 |
Guyana |
14 |
2,639 |
17 |
3,096 |
26 |
17 |
|
11 |
Honduras |
3 |
458 |
14 |
1,537 |
413 |
235 |
|
12 |
Argentina |
4 |
389 |
14 |
1,533 |
253 |
294 |
|
13 |
Philippines |
2 |
324 |
10 |
964 |
392 |
197 |
|
14 |
Venezuela |
2 |
361 |
6 |
763 |
235 |
112 |
|
15 |
Nicaragua |
6 |
845 |
6 |
685 |
-1 |
-19 |
Through April 2014, shrimp imports into the U.S. marked a year-on-year increase of 13 percent in volume and 62 percent in value, in which imports from Vietnam up 191 percent in value and 109 percent in volume. Vietnam is the fourth largest shrimp supplier to the U.S.
Indonesia is the largest shrimp supplier to the U.S. The supplier will remain the position this year thanks to its high supply of domestic shrimp and free with antidumping duty imposed by the U.S.
In 2014, shrimp imports from Thailand into the U.S. are expected to continue the reduction because the U.S. downgraded the country to "Tier 3" in its annual Trafficking in Persons Report. Along with being subjected to antidumping duty, the shrimp industry of Thailand has been accused of abusing labor and child labor by the U.S.
211 percent up in whiteleg shrimp exports to the U.S.
Vietnam will raise whiteleg shrimp exports to the U.S in 2014. According to Vietnam Customs, through May 2014, exports of the item to the U.S. increased by 211.9 percent year on year, making up 75 percent of Vietnam's total shrimp exports to the market. In the period, black tiger shrimp exports up only 26.2 percent and accounting for 26.6 percent.
Vietnam whiteleg shrimp exports to the U.S. will be boosted and remained the strong growth by undersupply of whiteleg production from Thailand.
(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.
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