Vietnamese companies to adjust shrimp export market direction by end of 2024

게시됨 2024년 8월 12일

Tridge 요약

Vietnamese shrimp export companies are strategizing to overcome market challenges, including competition from cheap shrimp from Ecuador and India, and increased transportation costs, by targeting markets such as Japan, South Korea, Australia, and China. They are also focusing on raising shrimp and selling at higher prices. Experts predict that major import markets will soon release better signals, addressing inventory issues and transportation difficulties, leading to demand recovery and price rebound. The Vietnamese shrimp industry's goal for 2024 is expected to be achieved under this scenario. Additionally, the article highlights the potential advantage of deep-processed shrimp products for the Vietnamese industry, especially given the time and skill requirements for processing in countries like Ecuador and India. Vietnamese shrimp products are well-received in Asian markets, especially Japan, due to their high quality and value-added nature.

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원본 콘텐츠

Despite facing many difficulties, shrimp export companies have always taken the initiative to formulate corresponding strategies. For example, although the US market has a large consumption capacity, Vietnamese shrimp products are at a disadvantage in the competition with cheap shrimp from Ecuador and India, and the transportation costs have risen sharply recently. Therefore, many companies have reduced the proportion of exports to this market and turned to markets such as Japan, South Korea, Australia, and China. Some companies actively raise shrimp, formulate breeding and harvesting plans, and strive to sell at a higher price. Industry experts believe that in the last few months of this year, major import markets are expected to release better signals. Inventory problems and transportation difficulties will ease, demand will recover, and prices will rebound. If this scenario becomes a reality, everything will be better, ensuring that the shrimp industry's established goals for ...

출처: Foodmate