China's domestic shrimp production declined due to adverse weather and shrimp diseases in some major shrimp production areas. The increased demand for shrimp imports to serve the Mid-Autumn Festival, National Day, and Lunar New Year has affected China to increase shrimp imports in recent months.
According to China Customs, in October 2022, China's shrimp imports reached 80,000 tons, down from 87,000 tons imported in September.
Supply from India (mainly headless), halved to 10,000 tons in October from 20,000 tons in September. Imports from Ecuador fell 5,000 tons from 49,000 tons in September.
In terms of import value, China's shrimp imports reached 524 million USD in October, of which 310 million USD were imported from Ecuador and 68 million USD from India. The average price of imports from Ecuador decreased from $6.33/kg in September to $6.31/kg in October.
The increase of 50% made China become the largest Vietnamese shrimp's importer in October
In the first 10 months of this year, China imported 691,000 tons of frozen warmwater shrimp, up 49% over the same period last year. Import value increased by 65% to US$4.52 billion.
Although still recorded as a strong increase compared to the same period last year, China's shrimp imports in November and December are expected to continue decreasing compared to previous months. This is due to a seasonal drop in demand after stockpiling for the Lunar New Year. Import demand is expected to increase strongly after the Lunar New Year.
Recently, Chinese President Xi Jinping has announced that there will be no immediate relaxation of the zero-COVID policy. However, since July 2022, China has removed the policy of suspending the import of frozen food contaminated with Sars-COV-2 virus after nearly 2 years of implementation. This is also positive news for shrimp suppliers to China, including Vietnam.
Compiled by Thuy Linh
(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.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
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