US: Rise in shrimp imports from Vietnam

News 13:35 15/08/2016 502
(seafood.vasep.com.vn) Vietnam shrimp exports to the U.S. in May 2016 reached US$49.5 million; up 2.5% compared to May 2015. The figure to the market in the first 5 months of this year hit US$249.3 million; up 17.4% over the same period last year.

Compared with the same month of 2015, exports in Feb 2016 reported the highest growth of 52.3%. Exports in March, April, May 2016 reported smaller growth in which exports in Apr reached the lowest growth of 0.5%.

In Jan-May 2016, average import price into the U.S. reached US$9/kg compared to US$9.9/kg in Jan-May 2015. Specifically, the price of medium-sized peeled and deveined shrimp (the size found on many menus) in the U.S. market plunged to US$9.4/kg; much lower than US$15.5/kg in 2013 due to low harvests caused by disease outbreak. This price level was ideal for US restaurants to buy shrimp and stock up for year-end holiday menus and promotions.

Better outlook for the U.S. economy, USD’s strength stimulated local consumers’ spending. Besides, lower inventory and the larger number of consumers went to foodservices and restaurants in the summer that boosted the US’s demand for shrimp.

In the first months of 2015, the U.S. tend to import more black tiger shrimp. In Jan-May 2015, the proportion of black tiger shrimp exported to the U.S. accounted for 24% and whiteleg shrimp occupied 69%. As of May 2016, the proportion of black tiger increased by 3% to 27% and white shrimp increased by 1 % to 70%. During the period, out of shrimp products exported to the U.S., processed black tiger (HS 16) reported the largest increase of 164% over the first 5 months of 2015. In the US market, the price of some black tiger products from Vietnam as of July 1st 2016 is more competitive than those of rivals in the region (Indonesia, India, Malaysia). Specifically, Vietnam’s black tiger shrimp size 16/20 was priced at US$6.25/pound while black tiger with the same type from India and Malaysia have the price of US$6.60/pound; Vietnam’s black tiger shrimp count U-15 was quoted at US$8.30 while that of Indonesia was US$8.50/pound. The U.S. was the 2nd largest consumer market of Vietnam black tiger shrimp with the proportion of nearly 20%. Vietnam’s black tiger shrimp exports, especially HOSO black tiger to the U.S. are facilitated thanks to advantages of the supply on comparison with rivals.

As of May 2016, shrimp imports into the U.S. reached 218,480 MT, worth nearly US$2 billion; down 1% in volume and 10% in value compared to the same period of 2015. Indonesia is the largest supplier to the U.S., accounting for 22.3% of US’s total shrimp imports. It was followed by India and Thailand accounting for 20.9% and 13%, respectively. Vietnam ranked the 4th position, accounting for 12.4% of the market share.

 

Average price of shrimp imported into US (US$/kg)

Supply

Jan-May 2015

Jan-May 2016

Variations(%)

World

10.1

9.4

-7.3

Indonesia

10.8

9.5

-11.2

India

10.6

9.8

-7.5

Ecuador

7.9

7.8

-1.8

Thailand

11.6

9.8

-15.9

Vietnam

12.2

11.2

-8.2

China

7.2

6.7

-7.3

Among top 5 largest suppliers of shrimp to the U.S., only Vietnam increased both the volume and value of shrimp exported to the U.S. with 13% and 2% in turn. Thailand raised 8% in export volume to U.S. while the volume of shrimp exported to the U.S. from India remain unchanged compared to the same period in 2015. Notably, shrimp exports from Ecuador to the U.S. fell the most in the top 5 suppliers for the U.S. 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. While Ecuador surged shrimp exports to China because of high demand and low import duty.

Thailand planned to raise shrimp exports to the U.S. due to decline in its market share in EU market caused by GSP lost from EU.

 

Top 5 largest shrimp suppliers to US, Jan-May 2016 (Value: US$ thousand, Volume: MT)

Suppliers

2015

Jan-May 2015

Jan-May 2016

Variations (%)

Value

Volume

Value

Volume

Value

Volume

Average import price (US$/kg)

Value

Volume

World

5,460,271

587,507

2,200,953

220,418

1,982,174

218,480

9

-10

-1

Indonesia

1,100,983

114,494

508,528

49,212

442,253

47,529

9

-13

-3

India

1,284,690

135,650

444,359

43,600

415,556

43,817

9

-6

--

Thailand

755,512

73,883

285,600

25,778

261,526

27,810

9

-8

8

Vietnam

663,730

60,893

241,120

20,230

246,437

22,925

11

2

13

Ecuador

635,370

85,744

282,211

36,558

228,982

30,253

8

-19

-17

Bạn đang đọc bài viết US: Rise in shrimp imports from Vietnam tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Da Nang city takes strong action against IUU fishing

 |  11:12 05/12/2025

(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.

Vietnam’s tuna exports to Israel drop nearly 50% in the first 9 months of 2025

 |  09:13 04/12/2025

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.

Vietnam exports first shipment of 700 tons of tilapia to Brazil

 |  09:42 02/12/2025

(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.

Pangasius Exports in October 2025: Positive Growth Momentum Led by China's Recovery

 |  12:40 28/11/2025

(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.

Appeal letter: Calling for Support to overcome the consequences of flooding in the central provinces

 |  10:39 27/11/2025

In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.

Raw shrimp prices remain stable, slight declines in some sizes at the end of October 2025

 |  09:04 26/11/2025

(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.

Vietnam’s shrimp exports in October 2025 hit the highest level since the beginning of the year

 |  08:26 25/11/2025

(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.

US temporarily suspends import ban on crab from Vietnam and three Asian countries

 |  09:03 24/11/2025

(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).

An Giang’s fisheries sector makes active contributions to the marine economy and international integration

 |  09:15 21/11/2025

(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.

Vietnam pangasius exports in September 2025: Driven by CPTPP markets and processed products

 |  11:24 19/11/2025

(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.

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

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC