News

Vietnamese shrimp affirms its position in the Australian market
08:00 01/10/2023

(seafood.vasep.com.vn) On December 10, 2022 at the celebration of seafood export reaching 10 billion USD in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) announced the list of 30 excellent enterprises in 2022, in which there are 10 shrimp export enterprises.

(seafood.vasep.com.vn) In October 2022, Vietnam's shrimp exports to China increased by 50% to 65 million USD. This increase helps China surpass the US and continue to be the largest shrimp import market of Vietnam in October. Accumulating 10 months, shrimp exports to China reached 547 million USD, up 60% over the same period. In October, Vietnam's shrimp exports to China recorded the highest growth rate in the top 5 main shrimp import markets of Vietnam.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in October 2022, Vietnam's shrimp export value recorded a decrease compared to the same period in 2021, down 16% to $360 million. This is the third month since the beginning of 2022, shrimp exports recorded a decrease compared to the same period last year. Previously, in June and July, shrimp exports decreased by 1% and 13%, respectively.

(seafood.vasep.com.vn) Vietnam's shrimp exports in the first 9 months of 2022 recorded a growth of 23% to nearly $3.4 billion. However, shrimp exports really only increased in the first half of the year thanks to high export prices and strong market demand. Since the third quarter, shrimp exports have slowed down and gradually decreased compared to the same period last year and decreased compared to the previous months.

(seafood.vasep.com.vn) Vietnam's shrimp imports into the Netherlands increased sharply in the first half of 2022, increasing Vietnam's shrimp market share in this important market.

(seafood.vasep.com.vn) As of October 15, 2022, Vietnam's shrimp exports to Australia reached nearly $214 million, up 62% over the same period in 2021. This is the highest growth rate among the top main shrimp import markets of Vietnam.

(seafood.vasep.com.vn) In September 2022, Vietnam's shrimp exports reached 349 million USD, up 13% over the same period in 2021. Accumulated in the first 9 months of the year, shrimp export value reached 3.4 billion, up 23% over the same period last year. In September this year, Vietnam's shrimp exports tended to increase in Asian markets such as Japan, China, and Korea while being “quiet” in Western markets such as the US and EU.

(seafood.vasep.com.vn) General sales in 9 months reached 182 million USD, increased by 18% and fulfilled 79% of the year plan. Although consumption would slow down in the last months of the year, Fimex VN still ensured the completion of the plan.

(seafood.vasep.com.vn) Accumulating 6 months, Vietnam's shrimp export turnover was 2.3 billion USD, up 31% over the same period last year. In the second half of the year, many economic fluctuations affected exports in general and the shrimp industry in particular. Mr. Ho Quoc Luc, Chairman of the Board of Directors of FIMEX VN (HOSE: FMC) answered the interview about the shrimp industry in general and strategies of FIMEX VN.

(seafood.vasep.com.vn) In August 2022, Vietnam's shrimp exports reached more than 398 million USD, up 41% over the same period in 2021. Accumulated in the first 8 months of 2022, shrimp exports reached more than 3 billion USD, an increase of 24%..

(seafood.vasep.com.vn) Although only ranked 6th in shrimp imports from Vietnam, accounting for about 6%, Australia is considered a potential market for Vietnamese shrimp in recent years.

(seafood.vasep.com.vn) Vietnam shrimp exports in July continued the trend of slow down in June, reaching 381 million USD, down 14% compared to the same period 2021. In July, among the main markets, exports to the US and China decreased 54% and 17% respectively. Shrimp exports to the remaining markets such as Japan, Korea and the EU maintained the positive growth.

(seafood.vasep.com.vn) FIMEX VIETNAM (HoSE: FMC) - a member unit of the PAN Group (HoSE: PAN) announced that sales of processed shrimp products in 7 months of 2022 reached 12,889 tons, an increase of 5.7%.

(seafood.vasep.com.vn) In Q1/2022, Bentre Aquaproduct Import and Export JSC (HOSE: ABT) recorded a revenue of 133 billion VND (up by 109% over the same period) and profit of 7.7 billion VND (down 54% over the same period). Gross profit margin improved significantly from 14.3% in Q1/2021 to 20.2% in Q1/2022 due to sharp increase in selling prices; however, transportation costs tripled during the Q1/2022, leading to a shrink in net profit.

(seafood.vasep.com.vn) For the first time this year, after continuously growing positive double digits in the previous 5 months, Vietnam shrimp exports in June recorded negative growth. Vietnam’s shrimp export value decreased slightly by 1% to nearly 416 million USD. Accumulating 6 months, Vietnam’s shrimp export reached 2.3 billion USD, an increase of 31% over the same period last year.


  • SPECIALIST ON SHRIMP MARKET

Ms Kim Thu

Email: kimthu@vasep.com.vn

Tel: 84.24.3771.5055 (ext 203)

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