Shrimp exports in the first two months of the year reached 425 million USD compared to the same period last year, of which goods to China and the US increased by 143% and 26%, respectively.
Vietnam Association of Seafood Exporters and Producers (VASEP), said that demand for shrimp in the US and Chinese markets has warmed again.
Accordingly, shrimp exported to the US in the first two months of the year reached 72 million USD, up 26% over the same period.
China is a market with a sudden growth rate, with an increase of 2% in February, reaching 76 million USD. This is the only market among shrimp importing countries that recorded positive growth in February. Accumulated in the first two months of the year, shrimp exports to this market recorded an increase of 39%, reaching more than 2 million USD.
According to VASEP, in China and the US, Vietnamese shrimp is competitive in price compared to rival suppliers from Ecuador and India, but is considered by buyers to be of higher quality. For example, the price of exported shrimp in China is about 8,8-9,5 USD per kg.
Vietnam is one of the largest shrimp producing countries and is in the top 4 in the world in terms of exports along with Ecuador, India and Indonesia. Seafood experts believe that shrimp exports will prosper when China and the US - the two main markets for this product - continuously increase purchases.
In 2023, the country's brackish water shrimp farming area will reach 737.000 hectares, with an output of more than 1,1 million tons, an increase of 5,5% compared to the previous year. Due to difficulties from many sides, last year's shrimp export turnover reached 3,45 billion USD, down nearly 20% compared to 2022.
This year, it is forecast that this product will bring Vietnam 4 billion USD, an increase of 10-15% over the same period and contribute about 45-50% of seafood export value.
Thi Ha
