Despite the piling up of difficulties, shrimp exports for the whole year of 2021 still achieved positive growth. This is thanks to the great efforts of businesses and the safe and flexible anti-epidemic policy according to Resolution 128/NQ-CP of the Government, helping shrimp production and export quickly recover in the latter monthsof 2021, creating export momentum for 2022.
The bright spot of Vietnamese shrimp in 2021 is to maintain good growth in the US market. As of December 15, 2021, Vietnam's shrimp exports to the US reached over 1 billion USD, up 22% over the same period in 2020.
In 2021, Vietnam's shrimp market share in the US market has increased to 13% from 11% in 2020. In the US market, Vietnamese shrimp will also increase its competitiveness when the US doubles anti-dumping duties on imported from India (the largest supplier of shrimp for the US). Retail sales in the US remained up during the pandemic. Demand for restaurants and food services in the US gradually recovered thanks to the economic stimulus packages of the US Government and the strategy of opening up and living with Covid. The growth rate of Vietnam's shrimp exports to the US will continue until the first quarter of 2022.
Along with the US, the EU is also a shrimp import market of Vietnam that recorded positive activities in 2021. Accumulated to December 15, 2021, Vietnam's shrimp exports to the EU reached 576.6 million USD, an increase of 17 % over the same period in 2020. Exports to 3 main markets (Netherlands, Germany, Belgium) increased by 8%, 22% and 17% respectively.
Particularly in November 2021, shrimp exports to the EU reached US$66.5 million, up 86.4%, of which, exports of most member countries had a breakthrough: to the Netherlands increased by 47%, to Germany increased by 87 % and to Belgium increased by 118%. In addition, shrimp exports to some other markets in the bloc also increased spectacularly such as to France up 161%, to Denmark up 99%, to Sweden up 196%, to Italy up 123%...
One year after the EVFTA Agreement between Vietnam and the EU took effect, Vietnam's shrimp exports to the EU market recorded good growth.
In order to recover the post-Covid-19 economy, the EU has activated many support packages and disbursed production recovery funds to rebuild commodity supply chains. In the last months of 2021, the EU is very scarce for goods because many of its supply partners for the EU are struggling with the Covid-19 epidemic, plus the pressure of rising sea freight rates while consumer demand in the last few months is very low. year-end of the EU population increased.
For more information on Vietnam's shrimp production and export, the world's shrimp import trends in 2016-2021, the impact of the Covid-19 epidemic on Vietnam's shrimp exports, please refer to VASEP "Report on Vietnam's shrimp industry in 2016-2021 and forecast to 2025".
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
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