On-the-Ground Updates

Vietnamese Shrimp Exports to China and Hong Kong Continue to Decline, Reaching USD 52 Million in Nov-23

Frozen Common Shrimp & Prawn
China
Hong Kong
Vietnam
Market & Price Trends
Catie Bui
Published Dec 29, 2023
Vietnamese shrimp exports to China and Hong Kong experienced a continued decline, reaching USD 52 million in Nov-23. The Vietnam Association of Seafood Exporters and Producers (VASEP) assessment indicates that the market demand has been unstable, showing positive growth for three months from Jun-23 to Aug-23 and returning to a downward trend in Sep-23, Oct-23, and Nov-23. As of Nov-23, shrimp exports to this market amounted to USD 569 million, an 8% year-over-year (YoY) decrease.

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