According to statistics of Vietnam Customs, since 2018, Vietnam’s shrimp exports to Australia have also increased continuously from US$115 million in 2018 to US$188 million in 2021.
Australia is the 7th biggest import market of Vietnam’s shrimp, accounting for 5% of total Vietnam’s shrimp exports value in 2021. In the first 4 months of 2022, Vietnam's shrimp exports to Australia recorded a fairly high growth rate. Australia has surpassed the UK, coming to the 6th place in terms of shrimp imports from Vietnam with the proportion increased to 7%.
The main shrimp products exported to Australia in the first 4 months of this year are boiled, frozen cooked headless tail-off whiteleg shrimp; fresh frozen PD headless tailless whiteleg shrimp, fresh frozen PDTO headless and tailed whiteleg shrimp, frozen PD IQF whiteleg shrimp... The biggest exporters of shrimp to Australia are Minh Phu Seafood Corp, Cases, Minh Phu-Hau Giang JSC, Viet Shrimp Corporation…
According to data from the World Trade Organization, Australia's shrimp imports in the first quarter of 2022 reached nearly US$100 million, up 18% over the same period last year. From the beginning of 2021 until now, shrimp imports into Australia have recorded continuous growth.
In the top of the main shrimp suppliers to Australia in the first quarter of this year, shrimp imports from Vietnam increased while imports from the remaining sources decreased.
Vietnam is the largest shrimp supplier to Australia, accounting for 72% of the total shrimp import value of this market. Thailand ranks second with a market share of 13%, followed by China with 8%.
The average price of shrimp imports to Australia in the first quarter of 2022 reaches about 11 USD/kg, while the average import price is 11 USD/kg from Vietnam, 9,25 USD/kg from Thailand, 9,83 USD/kg from China.
With multilateral free trade agreements with Australia, especially the Regional Comprehensive Economic Partnership (RCEP) coming into effect from the beginning of 2022, Vietnam’s shrimp entering the Australian market will have better competitiveness thanks to the tax reduction roadmap.
With the advantage of being the largest shrimp supplier to Australia for many years, along with RCEP, Vietnam's shrimp exports to Australia are expected to continuously grow in this year.
Australia's shrimp imports, Q1/2022 (Source: ITC) |
||||||
Suppliers |
Value (US$ mil.) |
Volume (ton) |
||||
Q1/2021 |
Q1/2022 |
Change (%) |
Q1/2021 |
Q1/2022 |
Change (%) |
|
Total imports value |
84.589 |
99.671 |
17,8 |
8.463 |
9.435 |
11,5 |
Vietnam |
51.378 |
71.654 |
39,5 |
4.871 |
6.372 |
30,8 |
Thailand |
13.292 |
13.008 |
-2,1 |
1.408 |
1.406 |
-0,1 |
China |
8.101 |
7.659 |
-5,5 |
885 |
779 |
-11,9 |
Malaysia |
5.163 |
3.778 |
-26,8 |
526 |
377 |
-28,4 |
New Caledonia |
128 |
704 |
450,0 |
7 |
268 |
3.825,6 |
Indonesia |
1.385 |
692 |
-50,0 |
115 |
55 |
-52,2 |
Brunei Darussalam |
1.021 |
391 |
-61,7 |
133 |
50 |
-62,7 |
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in January 2024, Vietnamese pangasius exports to Germany decreased by 30% compared to last year and reached only nearly 2 million USD.
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