Prices of black tiger shrimp from Vietnam to Japan continue to drop

Published 2023년 8월 20일

Tridge summary

Vietnam is Japan's top supplier of shrimp, making up 24% of the market. In the first two quarters of 2023, Japan imported $236 million worth of shrimp from Vietnam, with white shrimp accounting for $150 million and black tiger shrimp accounting for $42 million. However, Vietnam faced challenges in exporting shrimp to Japan due to the depreciation of the yen, which affected consumption and prices in the market. Despite this, Vietnamese shrimp products still hold an advantage compared to other markets, with Vietnam maintaining a 24% market share compared to Thailand's 18%.

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

Original content

Vietnam is Japan's largest shrimp supplier, accounting for about 24 percent of the market. the According to the Vietnam Association of Seafood Exporters and Producers (Vasep), the Japanese market imported about US$236 million worth of shrimp from Vietnam in the first two quarters of 2023. the Among them, the export value of white shrimp to Japan in the first six months was US$150 million, a decrease of 26%; the export value of black tiger shrimp was US$42 million, a decrease of 45%. the In the first half of 2023, the average export price of Vietnamese frozen white-leg shrimp to Japan is US$6.5-10.3/kg (equivalent to VND155,000-245,000/kg). the The average price of frozen black tiger shrimp exported to Japan is about 14.1 - 17.7 US dollars / kg (equivalent to 355,000 - 420,000 VND / kg). Compared with the first quarter of 2023, the price of frozen white and black tiger shrimp in the second quarter is more expensive for Japan. The average export price of China showed a ...

Source: Foodmate