Vietnam shrimp exports: hoping for the next months

News 16:24 30/11/2015
(vasep.com.vn) Weak demand in main markets, coupled with low export price and fierce competition squeezed Vietnam shrimp exports in the first 10 months of this year. According to statistics of Vietnam Customs, Vietnam shrimp sales in Jan-Oct 2015 reached US$2.5 billion, down 26.7% year on year.

Since April 2015, Vietnam shrimp exports have reported the month-on-month increase. October result touched US$327 million, up 7.3% from September 2015. However, this was 21.7% lower than the same period of 2014. As Christmas and New Year holidays push up shrimp demand, Vietnam’s shrimp exports in the last two months of the year will be better.

Shrimp exports to the U.S, Japan and EU reported the tremendous decline compared to the same period of 2014. On the contrary, shrimp exports to the U.K, Hong Kong and Malaysia upped 11.1%, 3% and 17.8%, respectively.

Most of shrimp exported was frozen raw.  Whiteleg shrimp was the key export item, representing 58.6% of the total shrimp exports with sales reaching US$1.4 billion, down 26.4% year on year. Meanwhile, black tiger shrimp exports made up 33% of the total, hitting US$813.3 million, down 31.3%. The other was marine shrimp, which was mostly exported under processed forms.

It is noted that the proportion of whiteleg shrimp stayed flat from last year while that of black tiger shrimp downed 2.2% year on year and that for marine shrimp upped 2.3% year on year.  

The U.S.

The U.S. was still Vietnam’s top shrimp importing market. Shrimp exported to the U.S. through October accounted for 21.8%, from over 27% in the same period of 2014. Exports to Japan and the EU on the other hand increased by 1.5% and 1.7%, respectively.

Shrimp sales to the U.S. in October 2015 touched more than US$85 million, up 9.6% month-on-month but down 4.3% year on year. Shrimp sales in October reported higher than any other previous months in the year. Total shrimp exports to the U.S. through Oct 2015 valued US$536.5 million, down 41% year on year.

In Jan-Sep 2015, the U.S. imported 416,311 MT of shrimp all over the globe, worth by US$3.9 billion, up 2% in volume but down 18% in value. Average shrimp price dropped by 20% to US$9.42/kg from US$11.79 last year.

With lower rates in POR9 and conclusion of TPP, it is forecast that Vietnam shrimp exports to the U.S. will be better in the end of 2015.

Japan

Japan was the second largest shrimp consumption market for Vietnam in Jan-Oct 2015. Shrimp sales to the market in Oct 2015 achieved US$61.4 million, up 5.3% over Sep 2015. The cumulative figure in Jan-Oct 2015 reached US$486.7 million, down 20.8% year on year. The decline in value of shrimp export to the market was attributable to yen’s devaluation and economic downturn.

The statistics of the International Trade Center (ITC) showed that total shrimp imports into Japan in Jan-Sep 2015 hit US$1.6 billion, down 15.7% year on year. Vietnam remained the biggest shrimp supplier to this market. Main items that Vietnam sent here were large black tiger shrimp and value added products.

The EU

Shrimp exports to the EU in Oct 2015 has reached the highest so far this year. Shrimp sales to the market in Oct 2015 reached more than US$63 million, up 12.9% from Sep 2015. Through Oct 2015, exports hit US$466.5 million, down 19.7% year on year.

Through Oct 2015, the U.K was the only market among top 3 markets in the bloc to report growth of 11.1% year on year. This was caused by a rise in importing demand for warmwater shrimp. Vietnam shrimp sales to Germany and the Netherlands meanwhile tumbled 18% and 30.2%, respectively.

Shrimp supply by main producers namely India, Thailand, Ecuador and China tends to edge down due to epidemic outbreak. Accordingly, shrimp price is likely to inch up. Besides, domestic currencies of large importers like EUR, USD and yen are more stable. These are good news for Vietnam shrimp exports in the last months of the year.

Bạn đang đọc bài viết Vietnam shrimp exports: hoping for the next months tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnam shrimp exports to the US following election

 |  08:42 22/11/2024

(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.

Steady growth in pangasius exports to Canada for the first three quarters

 |  08:40 20/11/2024

(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.

Cà Mau Province accelerates digital transformation and develops green industry

 |  08:35 18/11/2024

(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.

Dong Thap pangasius: “Green journey – Green Value”

 |  09:23 14/11/2024

(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.

Việt Nam's seafood sector primed for growth with favourable exports

 |  08:55 12/11/2024

The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.

Vietnam shrimp industry accelerates toward $4 billion target

 |  08:38 08/11/2024

(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.

Eearning trillions of VND from shrimp heads and fish tails

 |  09:01 07/11/2024

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.

Vietnam's shrimp exports surge at year-end

 |  09:03 05/11/2024

(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.

Navico and FIMEX VN achieve outstanding business results in Q3/2024

 |  08:45 04/11/2024

(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 releases Seafood Export Report for the first nine months of 2024 and year-end forecast

 |  10:06 01/11/2024

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.

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

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC