Exports decrease, but Vietnamese shrimp still occupy the throne in the Japanese market

Published Aug 23, 2023

Tridge summary

Vietnamese shrimp is currently the largest seafood product exported to the Japanese market, surpassing India in market share. In the first six months of 2022, Japan spent $256 million on Vietnamese shrimp, although there was a 29% decrease compared to the same period in 2021. To maintain market share and meet Japanese quality standards, it is important for Vietnamese exporters to ensure strict techniques and avoid products with antibiotic residues or irradiation.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Talking to Thanh Nien on August 23, Mr. Ta Duc Minh, Trade Counsel of Vietnam in Japan, said that among the key seafood products Vietnam exports to the Japanese market, shrimp and shrimp products currently occupying the largest market share, followed by other products such as pangasius, basa, tuna, etc. In particular, Vietnamese shrimp is holding the highest market share among shrimp exporting countries to Japan. Previously, in 2021, India was the largest shrimp exporter to the Japanese market, accounting for 22.3% of the market share. But by 2022, Vietnamese shrimp has surpassed India when accounting for 20% of the market share, while India drops to second place with more than 19% market share. Statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP) show that in the first six months of the year, Japan spent $256 million to buy Vietnamese shrimp, down 29% over the same period in 2022. It was also the deepest drop since March this year. Among the ...

Source: Vinanet