Vietnam's shrimp exports face many difficulties in 2023

Frozen Common Shrimp & Prawn

Seafood

Vietnam

Published Mar 5, 2023

Tridge summary

In 2023, although it is forecasted that it will continue to face many difficulties, but based on the analysis of advantages, opportunities and challenges, the shrimp industry in the whole country still sets a target of 750,000 ha of shrimp farming area. shrimp production of over 1 million tons (of which black tiger shrimp 280,000 tons, whiteleg shrimp 750,000 tons, the rest are giant freshwater shrimp and other shrimp) and export turnover of over 4.3 billion USD.

Original content

Although many positive results have been achieved, according to many experts, Vietnam's shrimp industry will face many difficulties in 2023. Speaking at the 2023 Shrimp Industry Development Conference on March 3, Mr. Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports in 2022 reached a record level thanks to pillow orders from 2021 due to the suspension of Covid-19 and shrimp prices. increase, great efforts of enterprises in the context of many difficulties. Vietnam's shrimp exports in 2022 to 108 markets, instead of 103 markets as in 2021, of which exports to 9 main markets account for more than 97% of the total value. Shrimp exports in 2023 of our country will have to compete more strongly with shrimp from Ecuador and India. Besides, the price of imported shrimp in the world market has gradually decreased since the second half of 2022 and is expected to continue to decrease when the global supply increases to ...

Source: Haiquanonline