In QIII/2016, shrimp exports to the US reached US$221,3 million; up 51% compared to QII/2016 and up 17.2% from QIII/2015.
In Jan-Sep 2016, shrimp exports to the market reached US$520.2 million; up 15.2% over the same period in 2016. The US is the largest shrimp importer of Vietnam, accounting for 23% of total shrimp exports Vietnam in the first 9 months of this year.
The US is in high demand with Vietnamese shrimp. This time, many restaurants and retailers in the US launched the advertisement strategies to boost shrimp demand from consumers.
Whitleg shrimp made up large proportion
The US is also the largest importer of whiteleg shrimp from Vietnam. In Jan-Sep 2016, whiteleg shrimp exported from Vietnam to the US made up 75% of the total exports; black tiger shrimp with 22% and marine shrimp with 3%. In the period, processed whiteleg shrimp (HS 16) exported from Vietnam to the US was 1.8 times higher than live/fresh/frozen whiteleg shrimp (HS 03). While live/fresh/frozen black tiger shrimp (HS 03) from Vietnam to the US was 3.4 times higher than processed black tiger shrimp (HS 16).
|
Shrimp products exports from Vietnam to US, Jan-Sep 2016 |
|
|
Products |
Value (US$) |
|
Processed whiteleg shrimp (HS 16) |
252,670,797 |
|
Canned other shrimp (HS 16) |
187,037 |
|
Processed other shrimp (HS 16) |
13,174,386 |
|
Processed black tiger shrimp (HS 16) |
25,996,586 |
|
Dried other shrimp (HS 03) |
371,952 |
|
Live/fresh/frozen whiteleg shrimp (HS 03) |
137,995,342 |
|
Live/fresh/frozen other shrimp (HS 03) |
2,182,528 |
|
Live/fresh/frozen black tiger shrimp (HS 03) |
87,656,077 |
|
Total |
520,234,704 |
In 2013, it was the first time, whiteleg shrimp surpassed black tiger shrimp in export value to the US. In the year, Vietnam shrimp sector recovered its production, set the target in development, especially whiteleg shrimp. In 2013, due to economic downturn, the US consumers shifted to buy more whiteleg shrimp and the trend remains in the following years.
In 2013, the US has become the 1st biggest importer of Vietnam whiteleg shrimp. The supply of whiteleg shrimp from Thailand declined, Vietnam and India has become the alternative suppliers to the US.
Despite being affected by the final result of POR10, Vietnam shrimp exports to the US in the last quarter of the year expected to remain the growth.
By Kim Thu
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(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.
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(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 - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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