Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Vientam has a commercial advantage over other competing countries and it is the quality in the added value of the products

Shrimp exports expected to recover in second half of 2019

Click on the flag for more information about Viet Nam VIET NAM
Wednesday, August 14, 2019, 00:00 (GMT + 9)

Viet Nam’s shrimp exports are expected to be strong during the rest of this year because countries tend to import more in the latter months of the year, with the free trade agreements Viet Nam has signed boosting its exports.

According to the Viet Nam Association of Seafood Exporters and Producers (VASEP), shrimp exports were worth USD 1.4 billion in the first half of the year, a year-on-year decline of 12 per cent.

This was mainly due to a fall in imports by Viet Nam’s key markets such as the US, EU and China, it said.

Exports to the EU, the largest buyer of Vietnamese shrimp, fell 25.9 per cent to USD 300.5 million.



The UK, Germany and the Netherlands are the three main markets in the bloc, and exports to them fell by 9.5 per cent, 12.5 per cent and 50.2 per cent.

Shrimp exports to China were down 4.9 per cent to USD 233.5 million since the neighbouring country tightened its border trade policy and there was fierce competition from India and Ecuador.

China has increased its imports from India and Ecuador, who offer more competitive prices than Việt Nam.

Its shrimp imports from India went up by 573 per cent in the first quarter and from Ecuador by 185 per cent in the first half.

Vietnamese shrimp exports to China showed signs of increasing in May and June. India’s shrimp harvest season has ended, and Viet Nam’s export to that country is expected to increase during the rest of the year, it said.  

Photo: Stapmex shrimp products

Exports to the US, the third largest importer of Vietnamese shrimp, dropped by 2 per cent to USD 250.4 million.

In the US market, Viet Nam has encountered strong competition from India, Ecuador and China.

After declining for the first four months of the year, Viet Nam’s shrimp exports to the US edged up again in May and June. The association said exports in May and June were still down from the same period last year, but the fall was less steep than in the first four months.

Exports are now expected to gradually recover since many markets usually have high demand in the latter part of the year.

The US has imposed a 25 per cent tax on seafood imported from China, including shrimp. This will be an opportunity for other countries, including Viet Nam, to boost exports to the market.

Viet Nam’s free trade agreements, including the EU-Viet Nam FTA, are expected to boost seafood exports in the coming months.

Source: VNS


editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Netherlands
Dec 6, 21:10 (GMT + 9):
Nutreco to help end soy-associated deforestation in Brazil
South Korea
Dec 6, 18:10 (GMT + 9):
Chilean seafood imports fell 50%
European Union
Dec 6, 18:00 (GMT + 9):
5,500+ scientists call on European Commission to defend the EU water law
Norway
Dec 6, 17:20 (GMT + 9):
Solid growth for both clipfish and salted fish in November
Peru
Dec 6, 06:00 (GMT + 9):
Hake fishing by industrial trawlers temporarily suspended
Worldwide
Dec 6, 05:50 (GMT + 9):
2020 WSI video competition | Women in the Seafood Industry (video)
Brazil
Dec 6, 05:40 (GMT + 9):
Ministry opens public consultation on shrimp import risk analysis
Canada
Dec 6, 00:00 (GMT + 9):
STATEMENT REGARDING BROWNS BAY PACKING WASTEWATER TREATMENT (2 video)
Canada
Dec 6, 00:00 (GMT + 9):
Contaminated bloody wastewater from BC fish processor threatens wild salmon (video)
Viet Nam
Dec 6, 00:00 (GMT + 9):
Shrimp exports continue to shrink
Peru
Dec 5, 21:50 (GMT + 9):
PRODUCE increases maximum catch limit of anchovy for human consumption by 20%
Thailand
Dec 5, 21:30 (GMT + 9):
Thai Union invests in Icelandic cod liver company (video)
Spain
Dec 5, 18:10 (GMT + 9):
Culmarex improved the process and competitiveness with StreamLine intelligent trimming solution (video)
Australia
Dec 5, 09:00 (GMT + 9):
Science delivers more aussie-grown prawns for X-mas
United Kingdom
Dec 5, 05:40 (GMT + 9):
Sustainable cockles from Thames Estuary in 2020



Lenguaje
FEATURED EVENTS
  
TOP STORIES
US ban on wild shrimp worries Indian seafood exporters
India Some exporters are ready to fit boats with devices to keep turtles out of hunt. The Indian seafood industry has voiced concern at the US decision to continue with a ban on buying sea shrimps becaus...
WWF, UnionBank partner with technology company to develop blockchain fish traceability platform (video)
Philippines Today, the World Wide Fund for Nature (WWF) Philippines, UnionBank of the Philippines, and TX, (a subsidiary owned by Streamr Network AG), are announcing Tracey, an app for fisherfolk that will use bl...
Former Bumble Bee CEO found guilty of tuna price-fixing scheme
United States Former Bumble Bee Foods LLC Chief Executive Officer Chris Lischewski was convicted in a price-fixing conspiracy, capping a yearslong U.S. investigation that shook the packaged seafood industry and pus...
Unión Martín acquires stake in Mauritanian fishing company
Spain Unión Martín Group, a company owned by Alantra Private Equity, a specialist in seafood products with special relevance in octopus, squid and cuttlefish, has completed the purchase of a s...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim Ltd (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER