Vietnam shrimp exports sharply increased

News 16:56 12/09/2014 496
(vasep.com.vn) EU is one of the three largest markets of Vietnam seafood. Fish exports to the region accounts for nearly 18 percent of total seafood export value of the country. In which, shrimp exports make up the largest value in its total sales to the block.

Seafood exports to the EU in 2013 reached US$1.18 billion, of which shrimp sales got US$409 million, pangasius exports reached US$385.4 million. EU is the third largest consumer after the U.S. and Japan. In 2013, shrimp exports to this market recovered significantly later than one year falling due to the economic crisis.

Imported shrimp on the market continued to improve in 2014 thanks to the economic recovery. According to statistics from the World Trade Centre (ITC), shrimp imports into the EU in the first 2 months of 2014 increased 19.8 percent compared to the same period in 2013. Shrimp importing into major markets in the block also increased strongly such as France up 25.5 percent, Spain +45.8 percent, Belgium and the Netherlands increased by 41.5 percent and 48.3 percent respectively. Due to the "sinking" of the economic crisis, Spain was no longer the top shrimp importer in the eurozone. France became the biggest shrimp consumer in EU and this is also the third largest consumer of Vietnam shrimp in this area.

Vietnam is now the third largest shrimp supplier to EU. Vietnam shrimp imports into the EU first 2 months of 2014 also showed a positive growth of 49.1 percent compared with the same period in 2013. Not only Vietnam, India, Ecuador and Indonesia also have great growth in the market in the first 2 months of this year. Thailand shrimp imports into EU decreased 50.2 percent has created more opportunities for other countries.

Tariff on processed shrimp imported from Thailand by EU has increased from 7 percent to 20 percent in 2014 and the tax rate for the Thai raw shrimp imported by the EU will increase from 4.2 percent to 12 percent by 2015.

Shrimp imports by EU countries in Jan – Feb 2014 (Source: ITC) US$ thousand

 

Importers

Total 2014

Total 2013

2014/2013 (percent)

 

Importers

Total 2014

Total 2013

2014/2013 (percent)

 

European Union (EU 27) Aggregation

885,022

738,606

19.8

14

Finland

4,822

5,191

-7.1

1

France

139,516

111,162

25.5

15

Ireland

3,975

2,929

35.7

2

Spain

135,971

93,246

45.8

16

Lithuania

1,819

1,218

49.3

3

United Kingdom

125,501

140,916

-10.9

17

Luxembourg

1,247

1,629

-23.4

4

Belgium

99,001

69,974

41.5

18

Czech Republic

1,190

1,280

-7.0

5

Netherlands

86,162

58,110

48.3

19

Cyprus

1,178

1,124

4.8

6

Germany

80,995

76,502

5.9

20

Latvia

1,093

1,146

-4.6

7

Italy

68,585

52,123

31.6

21

Estonia

1,075

879

22.3

8

Denmark

51,981

56,594

-8.2

22

Romania

970

615

57.7

9

Sweden

28,710

30,853

-6.9

23

Hungary

557

285

95.4

10

Portugal

23,908

15,031

59.1

24

Malta

508

306

66.0

11

Greece

10,527

5,839

80.3

25

Slovenia

308

301

2.3

12

Austria

8,361

6,093

37.2

26

Bulgaria

290

204

42.2

13

Poland

6,684

4,930

35.6

27

Slovakia

88

126

-30.2

 

 

Top 15 largest shrimp suppliers to EU, Jan – Feb 2014 (Source: ITC) US$ thousand   

No.

Suppliers

Jan-Feb 2014

Jan-Feb 2013

2014/2013 (percent)

 

The world

885,022

738,606

19.8

1

India

126,142

72,376

74.3

2

Ecuador

115,155

59,930

92.1

3

Vietnam

57,634

38,662

49.1

4

Bangladesh

55,426

47,973

15.5

5

Belgium

47,735

34,477

38.5

6

The Netherlands

44,618

45,955

-2.9

7

Argentina

39,460

33,740

17.0

8

Denmark

38,468

35,600

8.1

9

Spain

28,992

24,341

19.1

10

Morocco

27,666

23,701

16.7

11

Thailand

26,461

53,183

-50.2

12

China

26,185

26,558

-1.4

13

Canada

25,346

63,015

-59.8

14

Indonesia

25,241

11,094

127.5

15

Germany

18,936

15,157

24.9

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