The picture of the Vietnamese shrimp export market in 2022: The US can continue to be a bright spot
Frozen Common Shrimp & Prawn
Vietnam
Published Feb 3, 2022
Tridge summary
According to the Association of Seafood Exporters and Producers (VASEP), in 2021, the US will become the largest export market for Vietnamese shrimp, accounting for 28% of the total turnover. In the next positions, respectively, the EU and the UK accounted for nearly 22%, Japan accounted for nearly 15%, China accounted for 11% and South Korea accounted for nearly 10%. Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Joint Stock Company, said that the US has set a new record in both shrimp import volume and turnover, with 7 billion USD and an output of over 750,000 tons.
Original content
In which, Indian shrimp ranks first with 36-38%, Indonesia is second with 18-20%, Ecuador ranks third, the proportion is close to Indonesia. And Vietnamese shrimp ranks 5th, the proportion is less than 10%. The volume of shrimp sold here from India and Ecuador is mainly fresh shrimp of various types, of which IQF is increasingly high. These two countries have the advantage of cheap shrimp. Indonesia has the advantage that shrimp is not subject to anti-dumping duties. Mr. Luc said that Vietnam cannot compete with rival strengths, so the tendency to sell here more processed shrimp products such as ring shrimp, boiled shrimp or items not subject to anti-dumping tax such as powdered shrimp and shrimp. fried… As for the EU and UK markets, this is still a large and potential market, a high-end customer segment. Next, they require careful control of the importer's product chain. Currently, Vietnam's ASC-standard shrimp farming facilities are less than 10,000 hectares, a very low number ...
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