Vietnam's shrimp exports to Europe grow against the trend, with strong demand in southern Europe

Published 2024년 12월 11일

Tridge summary

Vietnam's shrimp exports to the EU have seen a significant increase of 16% as of November 15, 2024, reaching over US$422 million. The growth is despite global market challenges and involves double-digit growth in exports to the four major EU markets - Germany, the Netherlands, Belgium, and Denmark. There is a strong preference for shelled and headless shrimp in the EU market. Southern European countries, including Spain, France, Italy, Portugal, and Greece, are the largest shrimp consumption areas in the EU. The demand for tiger shrimp has surged, accounting for 64% of total imports. The EU market requires high standards in environmental sustainability, breeding processes, product traceability, and animal welfare, which Vietnamese shrimp has managed to meet, despite competition from other major shrimp-exporting countries.

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Original content

As of November 15, 2024, Vietnam's shrimp exports to the EU have exceeded US$422 million, a year-on-year increase of 16%. Despite the challenges in the global market, the EU market's demand for Vietnamese shrimp has been stable this year, and exports have continued to grow since April, becoming an important growth point for Vietnam's shrimp industry. Vietnam's exports to the four major EU markets - Germany, the Netherlands, Belgium and Denmark - have all achieved double-digit growth, with increases ranging from 11% to 29%. According to market consumption habits, European consumers prefer to buy shelled and headless shrimp that are convenient for home or restaurant processing. The UK, Germany and the Netherlands particularly prefer shrimp products, while high-end markets such as France, Spain and Italy prefer fresh shrimp and tiger shrimp. The demand for shrimp products in the southern European market is particularly strong. Spain, France, Italy, Portugal and Greece constitute the ...

Source: Foodmate