The U.S. increased consumption of Vietnam shrimp

News 16:49 12/09/2014 502
(vasep.com.vn) Vietnam shrimp exports in May 2014 continued the sharp increase, particularly exports to the U.S. surpassed sales to Japan and EU.

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.​

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