Among the top 5 largest import markets for Vietnamese shrimp, the US is the market with the best growth rate. During the period of social distancing to prevent the Covid-19 epidemic, shrimp exports to the US only decreased in August and quickly recovered in September, up 8% to $97.6 million. Accumulated in the first 9 months of the year, shrimp exports to the US reached over 775 million USD, up 22% over the same period.
The US remains the leading import market for vannamei shrimp of Vietnamese enterprises. 89% of shrimp export value to the US is vannamei shrimp products. In which, the value of processed vannamei (HS code 16) decreased slightly by 0.6%, live/fresh, frozen whiteleg shrimp (HS code 03) increased by 49%. Black tiger shrimp accounted for only 8.8% of Vietnam's total shrimp exports to the US, also recording a value increase of 46%. In which, the export of fresh/frozen black tiger shrimp (HS code 03) increased by 72%. However, processed black tiger shrimp exported to the US decreased by 29%. Marine shrimp exports to the US increased by 42%, especially dried marine shrimp with a good growth of 96% compared to the same period in 2020.
The US demand for large shrimp is recovering, the US also has high demand for fresh/frozen meat (PD) shrimp products from Vietnam. It is expected that from now until the end of the year, Vietnam's shrimp exports to the US will continue to increase and this growth momentum will last until Q.I/2022.
Retail sales in the US remain up during the pandemic. The US's demand for shrimp imports is still high for takeout and delivery. Demand for restaurants and food services in the US is gradually recovering due to the rapid speed of vaccination in this country.
For detailed information on the export of shrimp and other aquatic products to different markets in the first 9 months of 2021, please register for the Report on Vietnam Seafood Exports QIII/2021.
(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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