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".
(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.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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