Demand for Vietnamese crab from markets recovered

Published 2024년 5월 17일

Tridge summary

Vietnam's crab exports have experienced substantial growth, particularly in dried, salted, fresh, and frozen crab products, which saw a 66% increase in earnings in March 2024 compared to the same period in 2023. This growth, driven by a recovery in consumption demand and the Lunar New Year holiday, resulted in over 18 million USD in revenue. The primary importers include China and Hong Kong, Japan, the US, Canada, and the UK, with China and Hong Kong showing a remarkable 395% increase. Vietnam boasts over 93 crab exporters, with Trung Son Long An Co., Ltd., Bach Dang International Co., Ltd., and Hoang Ha International Logistics leading the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Among them, dried, salted, fresh, and frozen crab products account for the highest proportion. Compared to the same period in 2023, exports of Vietnam's crabs all variety increased over the same period. Vietnam's crabs have been exported to 22 markets around the world. Currently, inflation in many countries has been controlled, and the economy is gradually recovering, boosting consumption demand. Therefore, exports to main markets this quarter mostly increased compared to the same period in 2023. Vietnam's crab exports in March 2024 earned more than 18 million USD, an increase of 66% over the same period in 2023. This result was a signal showing the recovery of consumption demand in markets. China and Hong Kong, Japan, the US, Canada, and the UK were the five single markets importing the most crabs and other crustaceans from Vietnam during this period. Compared to the same period last year, Vietnam's exports of this product group to the four leading markets increased, while ...
Source: Vasep

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