The high growth in QI/2016 thanks to its higher demand amid supply shortage from other suppliers like India, Indonesia, Ecuador, Thailand. The U.S. was in high demand for importing black tiger shrimp amid decline in harvested production of the species in India, Indonesia. It was time when the restaurants and retailers in the U.S. launched the advertising strategies and trade promotion in order to boost consumption demand for shrimp of American people.
Shrimp exports to the U.S. in QIV/2016 witnessed the decline due to lower demand, higher inventory and spychological impact from higher antidumping duty on Vietnamese shrimp imported into the U.S. in POR10.
The U.S. is the largest importer of Vietnamese whiteleg shrimp with the import value of US$547.5 million in 2016; rising 18.3% from 2015 and accounting for 77% of total shrimp imports from Vietnam to the market.
Vietnam ranked the 5th in supplying shrimp to the U.S., accounting for about 10.7% of total shrimp import volume into the market. Shrimp imports from Vietnam to the market in Jan-Nov 2016 reported the growth of 10% and 7% in volume and value. In 2016, in the U.S. market, Vietnam was surpassed by Thailand and Indonesia. While Vietnam shrimp production was affected by sanility and drought in early 2016, the shrimp production by Thailand recovered from EMS. In the U.S. market, the price of Vietnam shrimp was US$1-1.2/kg higher than those of the above competitors.
Among top 5 largest suppliers of shrimp to the U.S., imports from Ecuador into the U.S. fell the most with the decrease of 14% in volume and 7% in value compared to the same period in 2015. The U.S. tend to reduce imports from Ecuador and raise imports from Asian suppliers such as Vietnam, India, Thailand and China because these suppliers can meet US’s demand for shrimp skewers with reasonable price.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(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.
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