In the first 9 months of 2017, shrimp imports into Belgium reached 37,280 MT, worth by US$432.8 million; up 4.5% in volume and 4.8% in value over the same period in 2016.
In QIII/2017, shrimp imports into Belgium from the Netherlands took the biggest share of 22% of the total value of shrimp imports into the market. Bangladesh ranked the second with 21.7%; India ranked the third with 20%. Vietnam was the fourth largest shrimp supplier to Belgium, accounting for 13% in QIII/2017. Of the five main suppliers to Belgium in the first three quarters of 2017, only imports from the Netherlands decreased while those from the others increased.
On the Belgian market, Vietnam shrimp has to compete with Indian shrimp. The average import price of shrimp into Belgium quoted at US$12/kg and that from Vietnam was US$10/kg.
Frozen raw shrimp (HS code 030617) and prepared or preserved shrimp in airtight containers (HS code 160529) are two main products imported into Belgium. For processed shrimp (HS code 160529), imports of this item from Vietnam into the market were higher than those from India. For raw shrimp (HS code 030617), imports from India were higher than those from Vietnam.
For frozen raw shrimp (HS code 030617), Belgium imposed a tariff of 4.81% on India while Vietnam; The Netherlands and Bangladesh enjoyed the tax rate of 0%.
|
Shrimp imports into Belgium (Source: ITC) |
||||||
|
Suppliers |
Volume (MT) |
Value (Thousand US$) |
||||
|
QI-QIII/2016 |
QI-QIII/2017 |
Variation (%) |
QI-QIII/2016 |
QI-QIII/2017 |
Variation (%) |
|
|
World |
35,660 |
37,280 |
4.5 |
413,023 |
432,801 |
4.8 |
|
Netherlands |
8,392 |
6,317 |
-24.7 |
151,920 |
112,572 |
-25.9 |
|
Bangladesh |
4,762 |
5,090 |
6.9 |
51,297 |
66,051 |
28.8 |
|
India |
10,536 |
10,474 |
-0.6 |
88,699 |
90,768 |
2.3 |
|
Vietnam |
4,759 |
5,251 |
10.3 |
45,029 |
52,936 |
17.6 |
|
Germany |
175 |
2,539 |
1,350.9 |
7,764 |
29,062 |
274.3 |
|
Nigeria |
724 |
666 |
-8.0 |
14,342 |
12,962 |
-9.6 |
|
France |
655 |
607 |
-7.3 |
12,226 |
11,078 |
-9.4 |
|
Ecuador |
1,330 |
1,286 |
-3.3 |
9,865 |
10,360 |
5.0 |
Belgium is always in the top three main shrimp importers of Vietnam in the EU, accounting for about 14% of the total value of Vietnam’s shrimp exports to the EU and accounting for 3% of Vietnam shrimp exports to markets in 2017. In 2017, Vietnam’s shrimp exports to Belgium valued at over US$121 million; increased by 52% compared to 2016.
Belgium mainly imports whiteleg shrimp from Vietnam. Shipments of whiteleg shrimp picked up nearly 75% of Vietnam’s total shrimp export value to Belgium. In 2017, exports of whiteleg shrimp items to Belgium all showed the positive growth. Of that, exports of raw whiteleg shrimp (HS code 03) increased by 71%, those of processed whiteleg shrimp rose by 17%. Remarkably, in 2017, despite a low proportion, Vietnam’s processed black tiger shrimp exports to Belgium recorded the 3-digit growth of 604% compared with 2016.
Belgium is an important market in the EU for Vietnam seafood. Seafood imports, including shrimp, into the country remain quite stable as these products ensure hygiene and healthy nutrition. Besides, aquaculture and capture production in Belgium has not increased much in the past. Therefore, in the coming time, Belgium expected to be a stable buyer of Vietnam shrimp.
(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.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(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's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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