Vietnam: Lots of room to export shrimp to the Middle East market

Published 2023년 12월 6일

Tridge summary

According to VASEP, Vietnamese shrimp exports to the Middle East are expected to range from $41.5 million to $49.8 million from 2019 to 2022. While the unstable world economy may pose challenges in 2023, shrimp exports to the Middle East are expected to decline less compared to other markets. The Middle East depends heavily on imported food supplies and has a growing demand for seafood, making it a potential market for Vietnamese seafood exporters.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the period from 2019-2022, Vietnamese shrimp exports to the Middle East market range from 41.5 - 49.8 million USD. Shrimp exports to this market block tend to grow continuously from 2020 to 2022. In 2023, the unstable world economy poses many challenges for seafood exports in general and shrimp in particular. Vietnamese shrimp exports to the Middle East cannot avoid a decline, however, the decline is somewhat lighter than other markets. The Middle East market accounts for only 1.3% of Vietnam's shrimp export turnover The largest single markets importing Vietnamese shrimp in the Middle East are Israel, Saudi Arabia, UAE, Qatar, Lebanon, Turkey, Iran, Kuwait... Specifically, in the first 10 months This year, Vietnamese shrimp exports to a number of markets in the Middle East region recorded an increase compared to the same period last year, such as Saudi Arabia recording a 42-fold increase (reaching ...

Source: VNRuralEconomics