Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Shrimp packaging line. (Photo: VASEP)

Shrimp exports grow 16 pct in H1

  (VIET NAM, 7/10/2017)

In the first six months of the year, Vietnamese shrimp exports grew by 15.7 per cent compared to the same period in 2016, by generating USD 1.56 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

During the analysed period, white leg shrimp sales abroad increased by 20.4 per cent, to USD 955 million while black tiger shrimp recorded a drop by 5.3 per cent, to USD 421 million.

The strong growth in this sector contributed to the total seafood export value of Vietnam in the first half of the year was estimated at USD 3.6 billion, representing a 14.6 per cent growth year on year.

Shrimp exports recorded a strong growth in the last three months as in the first quarter of 2017, domestic shrimp raw material resources fell sharply, while the price of raw materials increased, leading to a shortage of raw materials for businesses.

However, by the second quarter, the reduced supply of shrimp in some producing countries and in the main import markets created opportunities for Vietnamese shrimp to boost its export value in the first half of this year. In addition, Australia's gradual easing of its ban on shrimp imports contributed to the high growth.

This was also a time when the domestic supply of raw materials significantly improved, with harvesting blooming and raw shrimp prices dropped slightly compared to the first months of the year. Export processing enterprises were not short of raw materials to serve the signed contracts.

According to businesses, in the first half of this year, shrimp exports have moved from the United States (US) to other markets with high demand and lower export costs, such as Japan, the European Union and the Republic of Korea.

In the case of the Japanese market, thanks to the rise of the Japanese yen and increased demand for shrimp, along with improved quality of seafood processing enterprises in Vietnam, Japan has become the leading market for Vietnamese shrimp, replacing the US.

With such momentum of growth, VASEP forecasts that shrimp exports in the last six months this year are expected to continue increasing, especially when demand in global markets will increase sharply during Christmas and New Year holiday.

However, the shrimp industry is facing many difficulties and challenges, especially increased barriers related to technical barriers in importing countries.

VASEP forecasts that shrimp exports in 2017 will reach USD 3.4 billion, an increase of 9 per cent over last year.

 
[email protected]
www.fis.com


Information of the company:
Address: 218 Road No.6, Zone A, An Phu An Khanh New Urban Area, District 2
City: Ho Chi Minh
State/ZIP: ( )
Country: Viet Nam
Phone: +84 086 281 0442
Fax: +84 086 281 0450
E-Mail: [email protected]
More about:


Location:

View Larger Map



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Camanchaca Obtains Sustainable Certification for Fish Meal and Fish Oil
Eco-friendly, Biodegradable and Edible Seaweed Packaging
SeaPak Frozen Seafood For a Stress-Free Holiday Entertaining
Lund’s Fisheries Expands into Innovative Product Lines and Markets
Waitrose Achieves Responsible Sourcing First
Open Blue’s Cobia Achieves Good Alternative Ranking from Seafood Watch
YO! Sushi Acquires Leading North American Sushi Brand Bento Sushi
Natural Oils Achieves Sustainable Certification for Fish Oil
KM Seafood Achieves Friend of the Sea Certification for Tilapia and Perch
Ekofish Group Builds Twin-rigger at Damen Maaskant
Smoke Some Oysters and Celebrate Native American Heritage Month
Young’s Seafood Launches New, Premium Shellfish Range, Plugging Gap in Recipe Inspiration
Fishmonger’s Choice Offers Fresh, Seasonal, British Fsh to Encourage Lesser-Known Species
Top 6 Vendors in the Shrimp Market from 2017 to 2021
Inland Seafood Announces that the Company is Now Employee-Owned
Korean Premium Seafood Brand, K·FISH, To Be Introduced To The U.S. Market This Month
Sysco Corporation Honors 2017 Top Suppliers
Belgian Imperial Heritage Obtains Friend of the Sea's Certification for its Caviar
BioMar at Karmøy Sets Production Capacity Record
BAP Certifies First North American Salmon Smokehouse
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Norway Royal Salmon and Aker’s proposal to grow more salmon in the Arctic receives green light
Norway Norway Royal Salmon and Aker obtained approval to increase their production volume of aquaculture operations in the Arctic after filing a complaint against the original allocation decision.
Spanish associations request European ministers stability in fishing quotas
Spain The Spanish Fisheries Confederation has asked the EU to ensure the stability of the European fishing sector in the allocation of TACs and fishing quotas for 2018, which will be decided at the meeting of the European Council of Ministers.
EU fishing quota deal deemed satisfactory to British fishermen
United Kingdom The EU fisheries ministers have agreed on a rise in the amount of fish British trawlers can catch in the North Sea, a deal that will represent more than GBP 750 million to the sector.
Migrant crew exploitation on Irish vessels continues, according to a report
Republic of Ireland A new investigation on migrant fishermen working on Irish boats has revealed that severe underpayment, discrimination and exploitation are still rife in the industry.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER