Shrimp processing plant. (Photo: VASEP)
Vietnamese shrimp exports grow 21pct up to August
(VIET NAM, 10/26/2017)
Vietnamese shrimp exports rebounded and grew 21.3 per cent as of August over the same period last year, to USD 2.3 billion, thanks to a rise in demand from major importing.
As reported by Vietnam Association of Seafood Exporters & Producers (VASEP), the area of brackish water shrimp farming in the first 8 months of the year estimated at over 679,000 hectares, representing a 4.2 per cent growth over the same period last year. The yield reached over 363,000 MT, which is an increase of 21.4 per cent year on year.
Whiteleg shrimp shipments represented 64.2 per cent of all the Vietnamese shrimp sales abroad, from 60.4 per cent in the first eight months of 2016.
The participation of black tiger shrimp exports declined from 31.4 per cent to 24.5 per cent and that of marine shrimp grew from 8.2 per cent to 11.2 per cent.
The top 10 main importers of Vietnam shrimp included the European Union, Japan, China, the United States, South Korea, Canada, Australia, ASEAN, Taiwan and Switzerland.
Between January and August this year, the EU imported Vietnamese shrimp for USD 483.6 million, increasing by 30 per cent year on year. Within the EU, the top 3 largest shrimp importers, the UK, the Netherlands, Belgium, posted the 2-digit growth of 46.5 per cent; 47.8 per cent and 34.1 per cent, respectively.
This is a good sign, which facilitates Vietnam’s shrimp exports to this market in the last months of the year in the context of the Vietnam-EU Free Trade Agreement (EVFTA) is coming into effect.
In addition, the EU is stepping up inspections of shrimp lots from India and tends to reduce shrimp imports from the country. While India is Vietnam's main competitor in the EU market, imports into the EU from Vietnam expected to rise to offset the decrease in imports from India.
As to the US, this country dropped to the 4th rank in top leading shrimp importer of Vietnam in the first 8 months of this year, to nearly USD 416 million (4.4 per cent).
Thanks to the good demand from Asian markets (Japan, China, South Korea) and the EU, Vietnam’s shrimp exports in 2017 are projected to total USD 3.4 billion, which is a 6per cent growth compared to 2016.
editorial@seafood.media
www.seafood.media
Information of the company:
Address:
|
218 Road No.6, Zone A, An Phu An Khanh New Urban Area, District 2
|
City:
|
Ho Chi Minh
|
State/ZIP:
|
( )
|
Country:
|
Viet Nam
|
Phone:
|
+84 28 6281 0430
|
Fax:
|
+84 28 6281 0437
|
E-Mail:
|
vasephcmcity@vasep.com.vn
|
More about:
|
|
|