US increases imports of frozen processed meat shrimp from Vietnam

Published 2021년 8월 5일

Tridge summary

Vietnamese shrimp exports to the US have seen a significant increase during the first half of the year, reaching 439.8 million USD, a 36% rise from the previous year. This growth is attributed to the challenges faced by India, the largest shrimp supplier to the US, due to the Covid-19 pandemic. Despite the pandemic, retail sales in the US continue to grow, with a high demand for US shrimp imports. In the first 5 months of the year, US shrimp imports increased by 27% in volume and 26% in value, with Vietnam and Ecuador showing the highest growth rates among the top eight suppliers. Vietnam's advantage in stabilizing production during the pandemic and its ability to supply frozen processed shrimp products have contributed to its competitive edge in the US market. However, this growth could potentially be impacted if Vietnamese shrimp exporters experience delays in vaccinating their workers.

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

Original content

The demand for US shrimp imports from Vietnam has been quite stable since the outbreak of the Covid-19 pandemic. Vietnamese shrimp in the US market is becoming more and more competitive when India (the largest supplier of shrimp in the US) encounters many barriers due to the Covid epidemic. In the first half of this year, Vietnam's shrimp exports to the US reached 439.8 million USD, up 36% over the same period last year. In the top 5 largest import markets of Vietnamese shrimp, the US is the market with the best growth rate. The US still remains the leading import market of vannamei shrimp of Vietnamese seafood enterprises. 89% of shrimp export value to the US in the past year was whiteleg shrimp. In which, the value of processed vannamei shrimp (HS16) increased by 26%; white leg shrimp live/fresh, frozen (HS03) increased by 49%. Black tiger shrimp accounted for only 8.5% of Vietnam's total shrimp exports to the US, also recording a 55% increase in value. Retail sales in ...

Source: Vinanet