Vietnamese shrimp occupies an overwhelming market share in Australia
Frozen Common Shrimp & Prawn
Vietnam
Australia
Published Aug 13, 2021
Tridge summary
In the first half of this year, shrimp exports to Australia reached $89 million, up 81% over the same period last year. This is the market that recorded the best growth among the main shrimp import markets of Vietnam. As a potential shrimp export market in the CPTPP market, in the past two years, the export value of shrimp (especially vannamei shrimp) to the Australian market has been positive.
Original content
In the second quarter of 2021, there are 81 Vietnamese enterprises participating in exporting shrimp to this market, the largest of which is Minh Phu Seafood Corporation Joint Stock Company. According to the latest statistics of ITC, in the first 5 months of 2021, Vietnam, Thailand, China, Malaysia, and Brunei are the top 5 shrimp supplying markets for the Australian market, in which, Vietnam is the largest market. , accounting for an overwhelming share of 62% of the total value of imported shrimp. Next, Thailand ranked second, accounting for 16%, China ranked third, accounting for 10%. According to ITC, in the first 5 months of this year, Australia's shrimp imports from Vietnam increased by 93% while imports from Thailand and China decreased by 4% and 31% respectively. Although the price of shrimp imported from Vietnam is still higher than that of rival countries from 1 to 2 USD/kg, Vietnamese shrimp are competing very well in this market. Last year, Australia's shrimp imports ...
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