Vietnam's shrimp exports to markets have increased positively

(seafood.vasep.com.vn) In the first four months of 2021, Vietnam's total shrimp export value reached US$961.9 million, up 10.2% over the same period last year, of which whiteleg shrimp products accounting for 75.8% of total shrimp exports, up 20%. This result reflects the flexible grasp of the market by Vietnamese shrimp enterprises to overcome obstacles of many Covid waves.
Vietnams shrimp exports to markets have increased positively
Vietnam's shrimp exports to markets have increased positively

In April 2021 alone, shrimp exports to China - Hong Kong and Russia decreased by 9.4% and 9% respectively over the same period in 2020. Exports to other markets in the top 10 all grew positively. positive.

CPTPP market: By the end of April 2021, the total value of shrimp exports to these markets reached $297.2 million, accounting for nearly 31% of shrimp exports, up 7.6% over the same period last year. In April 2021, the export value to Japan - the largest market in the bloc, increased by nearly 6%, reaching 177.9 million USD (thanks to a strong increase in April because in the first quarter of 2021, exports to the import market were exported to the import market). leading black tiger shrimp in Vietnam, down 4% year-on-year). A prominent market in the CPTPP market in the first 4 months of this year is Australia with an impressive export value of 54.7%, up 65.5%. In which, the value of Vietnam's shrimp exports to Australia in April increased dramatically: 177.4% over the same period in 2020.

US - EU: In the first quarter of this year, many importers predicted that the world's two major shrimp import markets, the US and the EU, would be polar opposites. After the rapid deployment of vaccination for people, the US economy is recovering quickly, so the US consumption of processed shrimp products and added value are increasing day by day, boosting imports, increasing prices. Good average NK. Currently, Vietnam is the fourth largest shrimp supplier to the US market (after India, Ecuador, Indonesia). It is forecasted that in the next quarter, US shrimp imports will grow continuously. By the end of April 2021, the total value of Vietnam's shrimp exports to the US reached 198 million USD, accounting for 20.6% of the total shrimp exports, up 24.8% over the same period last year.

As for the EU market, many market experts believe that in 2021 EU shrimp imports will decrease and decrease at the rate of the first year affected by Covid (2020). However, by the end of April 2021, the total value of Vietnam's shrimp exports to the EU still reached 145.7 million USD, up 18.5%. Particularly in April 2021, the export value reached nearly 50 million USD, up 45.2% over the same period last year.

Korea - China and Hong Kong: These are two shrimp export markets with nearly equivalent monthly export values. However, from April 2021, the value of shrimp exports to Korea grew positively while to China - HK on the contrary. Two large shrimp import markets in Asia with relatively large and stable consumption, the total value of Vietnam's shrimp exports to South Korea in the first four months of this year reached $98.5 million, a slight decrease of 0.7% and China - HK reached $98 million, down 9.8% over the same period last year. This time, the trend of increasing imported shrimp products of these two markets is different, while Korea is increasing imports of vannamei shrimp from Vietnam, China is increasing imports of marine shrimp products.

It can be said that since April 2021, Vietnam's shrimp exports have begun to show many positive signs in some major markets. It is forecasted that in the second quarter of 2021, the total shrimp export value may increase by more than 20% over the same period last year because the export value in most markets will recover or grow positively.

In the first 4 months of this year, the shrimp export value of the top 10 leading shrimp exporters in Vietnam reached 452 million USD, accounting for 47% of the total shrimp export of the country. In which, MINH PHU SEAFOOD CORP, STAPIMEX and MINH PHU HAU GIANG continue to be the top 3 exporters.


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  • SPECIALIST ON SHRIMP MARKET

Ms Kim Thu

Email: kimthu@vasep.com.vn

Tel: 84.24.3771.5055 (ext 203)

  • Vinh Hoan
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