Data from the US Marine Fisheries Service (NMFS) shows that US shrimp imports in April reached 69,000 tons, equivalent to 721 million USD, up 10% in volume and 28% in value compared to the same period last year.
In the first 4 months of the year, US shrimp import reached 302,000 tons, equivalent to 3.1 bil USD, an increase of 17% in volume and of 31% in value compared to the same period last year.
Vietnam is the 4th largest shrimp supplier to the US after India, Indonesia and Ecuador. Vietnam shrimp export to the US reached 22.5 thousand tons, 255 million VND, a rise of 24.5% in volume and 42% in value compared to the same period in 2021. Vietnam shrimp market share in total US imports increased from 7% in the first four months of 2021 to 7.5% in the same period in 2022.
Vietnamese shrimp export price is higher than other competitor
In the first months of 2022, the average US shrimp import price rose sharply compared to the same period in 2021. Specifically, in April, the US shrimp import price reached 10.38 USD/kg, up 1.47 USD /kg over the same period in 2021.
In which, the average import price of Vietnam shrimp was 11.46 USD/kg, an increase of 1.29 USD/kg over the same period in 2021. The import price of Vietnam shrimp was higher than other suppliers such as India, Indonesia and Ecuador (the average import price from these markets is less than 10 USD/kg).
The price of shrimp imported from Vietnam is high, mainly because the US imports mainly black tiger shrimp, large and medium-sized whilte shrimp. In addition, shrimp imported from Vietnam has a higher processing content than shrimp from other countries.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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