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) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius export revenue in October 2024 reached nearly $202 million, a 17% increase compared to October 2023. The cumulative export value for the first ten months of the year totaled $1.7 billion, marking a 9% year-on-year increase.
(seafood.vasep.com.vn) Vietnam's exports of crabs and other crustaceans continued to see high growth in September 2024, with a 54% increase compared to the same period in 2023. In the first nine months of the year, exports of crabs and other crustaceans reached over USD 228 million, a 67% increase year-over-year.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(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.
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
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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
