Vietnam: Shrimp exports to China continue to fall in December

Published 2023년 12월 27일

Tridge summary

In November, Vietnam's shrimp exports to the market fell by 24% to US$52 million, with demand in China and Hong Kong depending largely on economic growth and stocks in those countries, as well as cheap sources of supply. China is a main target market for shrimp exporters such as Ecuador and India, forcing Vietnamese shrimp to compete on price, and resulting in a projected year-on-year decline in December. Despite this, China remains a potential market for Vietnamese shrimp products, with an estimated import of one million tons of shrimp this year, mostly for processing and domestic consumption.

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Original content

In November, the country's shrimp exports to the market continued to fall by 24% to US$52 million. Industry insiders noted that demand for imported Vietnamese shrimp in the Chinese and Hong Kong markets largely depends on economic growth and stocks in those countries, as well as cheap sources of supply. Currently, China is the main target market for several shrimp exporters such as Ecuador and India as they are a source of cheap raw shrimp supply, resulting in Vietnamese shrimp being forced to compete on price. As a result, although China's demand for shrimp imports is still growing strongly, Vietnamese shrimp exports to this market are projected to show a year-on-year decline in December. However, China remains ...

Source: Fishretail