(vasep.com.vn) In 2013, the U.S. reduced sharply whiteleg shrimp imports from Thailand that was badly hit by EMS. The market increased importing shrimp from Vietnam and India thanks to their reaped high shrimp production. The shrimp price reached a record high in the U.S. market in 2013 and expected to stay on high levels in 2014.
India surpassed Thailand to become the biggest supplier to the U.S.
In 2013, shrimp imports from India to the U.S. saw a tremendous surge. Through November 2013, India’s shrimp exports to the market touched 85,628 MT, up 46.7 percent from the same period of the previous year (58,373 MT). India outstripped Thailand as the largest supplier to the market. Thailand’s shrimp exports to the market reduced by 37.2 percent to 76,331 MT from 121,536 MT of the same period in 2012. Until November 2013, Vietnam’s shrimp exports to the U.S. reached 52,833 MT, up 42 percent year-on-year from 37,195 MT.
In the two recent years, India’s shrimp production rose rapidly thanks to no impact from EMS. In the financial year 2012-2013, its vannamei output gained 147,516 MT, 83 percent more than in the previous year (80,716 MT). In the financial year 2013-2014, the vannamei output of the country is estimated to reach 300,000 MT.
Exempting antidumping duty for many shrimp suppliers
In September 2013, the US Department of Commerce (DOC) determined that in the seventh administrative review (POR7), shrimp sales by from 5 countries (Vietnam, Thailand, China, Ecuador, Brazil) to the U.S were not made below normal value. As a result, shrimp exports from these countries to the U.S. were facilitated in 2013. Vietnam’s shrimp exports to the market marked a high growth. In September 2013, Vietnam’s shrimp exports to the U.S. reported a record growth of 138.7 percent year-on-year and remained a three digit growth of 132.5 percent and 111.3 percent in October and November, respectively.
Through November 2013, the U.S. was the largest importer of Vietnam shrimp. Shrimp sales to the market surged 75.7 percent year-on-year to US$748.5 million, making up 26.7 percent of Vietnam’s total shrimp export turnover (US$2.8 billion).
Shrimp price rose sharply in 2013 and stays on high levels in 2014
The price of black tiger shrimp and vannamei reported a continuous increase in 2013. Black tiger shrimp price in the U.S. market increased by 33 percent from US$6.40 per lb in January 2013 to US$8.50 per lb in the late December of the year. The vannamei price reported a 50 percent growth from US$4 to US$6 per lb.
EMS on shrimp was well controlled in many countries such as Thailand, China and Vietnam and shrimp production produced by these countries recover in 2014. Global shrimp industry is expected to need further two years to recover completely. Thus, shrimp price in 2014 may remain high.
Black tiger and whiteleg shrimp price index in the U.S markets, USD/pao
