Vietnam injects momentum into shrimp industry to accelerate exports

Published 2025년 2월 26일

Tridge summary

The Vietnam Association of Seafood Processing and Exporters has reported a decrease in middle-class consumption of shrimp in the Chinese market since January 2025. Despite this, Vietnamese shrimp remains popular in the US, where the industry faces challenges such as trade protection measures and strict quality requirements. Vietnamese shrimp products hold the second spot in the US market, following Indonesia, with Vietnam's share at 28%. The Vietnam Association of Aquatic Products Processing and Export has urged the government to engage in economic diplomacy to enhance bilateral trade and fully utilize the export potential of Vietnamese shrimp products.

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Original content

According to the Vietnam Association of Seafood Processing and Exporters, in the Chinese market, the consumption capacity of the middle class has declined significantly since January 2025. Phong Thi Kim Thuy, a shrimp market expert, said that the fluctuations in the Chinese market are particularly obvious. Vannamei shrimp used to be a common food on the middle-class table, and was favored because of its affordable price and rich nutrition. In the US market, Vietnamese shrimp currently maintains the second place in the competition, second only to Indonesia. Shrimp market expert Phong Thi Kim Thuy emphasized that Vietnam's other shrimp products have failed to rank second in the US market, but as of now, Vietnam's breaded shrimp products have grown by 33%, while Indonesia's supply has only grown by 5%. Currently, Vietnam's share of the US market is 28%, and Vietnam and Indonesia together account for 70% of the market. Although Vietnamese shrimp products have a favorable position in ...

Source: Foodmate