In recent years, shrimp has increasingly accounted for a larger proportion of Vietnam's total seafood export turnover. In 2020, shrimp accounted for 44% of seafood exports with over 3.7 billion USD. In 2021, by the end of October 31, shrimp exports accounted for 45% with 3.2 billion USD.
Whiteleg shrimp is growing strongly and accounts for a large proportion of Vietnam's total shrimp exports. Meanwhile, the export turnover of black tiger shrimp continuously decreased, decreasing from 32.6% to 15.4%.
The top 5 largest markets for Vietnamese shrimp include the US, Japan, EU, China, and South Korea, accounting for 80-85% of Vietnam's shrimp export value.
In the picture of the world's seafood imports, shrimp also accounts for the highest proportion in value with 14% and has a growth rate of 21% after 5 years. The world shrimp import value ranges from 22-28 billion USD/year.
The demand for shrimp in the world market is increasingly strong, creating attraction for not only Vietnamese exporters but also enterprises in many other countries. Therefore, along with an optimistic signal about demand, competitive pressure is also increasing.
Regarding shrimp exports, according to 2020 data, Vietnam ranks third, accounting for 13.6% of the market share, after India (15.7%) and Ecuador (14%).
Before 2015, Vietnam used to be the world's largest shrimp exporter, but the acceleration of India since 2015 and the breakthrough of Ecuador since 2018 have caused Vietnam's shrimp exports to face strong competition and fall. down to 3rd place.
To help shrimp exporters and importers grasp the whole picture of Vietnam's shrimp production and exports and its position in the world shrimp industry picture over the past 6 years along with a forecast to 2025, VASEP releases Report on Vietnam shrimp sector in 2016-2021, forecast to 2025.
The report will consist of 6 main parts:
(1) Shrimp production (output by species of black tiger shrimp, vannamei shrimp, price movements);
(2) Shrimp exports (by species of black tiger shrimp, vannamei shrimp, exports to main markets, trends, products, price movements, position of Vietnamese shrimp in the markets, Vietnamese shrimp exporters to markets, main shrimp import ports in markets and leading import partners...);
(3) Importing shrimp from other countries;
(4) Top shrimp exporters (according to turnover); Top companies exporting vannamei shrimp; Top companies exporting black tiger shrimp.
(5) Export of shrimp by localit and species (whiteleg shrimp, black tiger shrimp, other shrimp)
(6) Forecast of shrimp production and export to 2025 (by product, market);
VASEP cordially invites interested businesses and readers to register for the Report on Vietnam's shrimp sector in 2016-2021, forecast to 2025.
Please contact: Ms. Nguyen Trang
Tel: 0965097642; Email: nguyentrang@vasep.com.vn
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the 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
