Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


(Photo: VNA)

Shrimp exports continue to shrink

Click on the flag for more information about Viet Nam VIET NAM
Friday, December 06, 2019, 00:00 (GMT + 9)

Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force.

The country exported about USD 3.1 billion worth of shrimp products in the firsth 11 months of this year, a year-on-year decrease of 8.2 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The VASEP said the shrimp exports are likely to total just USD 3.4 billion this year, down 4.4 percent from a year earlier and much lower than the yearly goal of USD 4 – 4.2 billion.

In 2019, Vietnamese shrimp has been under great pressure due to stiff competition from India and Indonesia which enjoyed bumper shrimp harvest.

►Vietnam produce and exports high value-added products

Vietnam’s shrimp exports to four main markets – the US, China, the EU and Japan – saw opposite trends with those to the first two on the rise while the latters weakening.

Shrimp shipments to China continued to rebound after a drop at the beginning of the year, growing 9.2 percent to 438.6 million USD in the first 10 months.

The US, the second largest consumer of Vietnamese shrimp, imported USD 548.2 million worth of shrimp products from Vietnam between January and October, a slight increase of 1.4 percent.

Exports to the EU, the country’s largest buyer, valued at USD 580.8 million in the 10-month period, down 19.9 percent year on year. The EU accounts for about 31 percent of the world’s shrimp imports and 21 percent of those from Vietnam.

The trade agreement between the EU and Vietnam will be launched next year. This will improve the penetration of seafood products to Europe ►

The value of shrimp shipments to Japan slightly declined 1.6 percent to USD 508.7 million.

It has been challenging to boost exports to the US because of the country’s trade barriers, such as anti-dumping duty imposed on Vietnamese shrimp, coupled with relatively lower prices of shrimp set by rivals like India, said VASEP Secretary General Truong Dinh Hoe.

Regarding the EU, he said Vietnamese producers must strictly comply with the EU’s origin and traceability rules in order to recover the export.

When the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in 2020, Vietnamese shrimp will enjoy a brighter future in the EU market, Hoe said.


Source: VNA


editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
India
Jan 24, 04:00 (GMT + 9):
Shrimp exports to US likely to recover
Norway
Jan 24, 02:10 (GMT + 9):
IN BRIEF - Mowi ASA (OSE: MOWI) - Successfully completed green bond issue
Norway
Jan 24, 01:50 (GMT + 9):
IN BRIEF - Norway seeks seafood minister to replace Nesvik
New Zealand
Jan 24, 01:40 (GMT + 9):
IN BRIEF - Salmon hatcheries shut to protect wild species population
New Zealand
Jan 24, 01:40 (GMT + 9):
IN BRIEF - Commercial long-line fishers nine times more likely to report bycatch with observers on board
United States
Jan 24, 01:30 (GMT + 9):
IN BRIEF - Costco’s sea cucumbers sign of global growth opportunity
Norway
Jan 24, 01:30 (GMT + 9):
IN BRIEF - Norway Royal Salmon improves sustainability with AI
United States
Jan 24, 00:40 (GMT + 9):
Cooke gets approval to farm sterile rainbow trout in Washington waters
Japan
Jan 24, 00:30 (GMT + 9):
Traded volumes and prices of Pollock and Cod roe (tarako and mentaiko) at Tokyio Central Fish Market
Argentina
Jan 24, 00:00 (GMT + 9):
Moscuzza secures hake quota for three ships
Spain
Jan 23, 20:30 (GMT + 9):
Balfegó guarantees supply of bluefin tunas, despite virulence of storm Gloria (video)
Japan
Jan 23, 20:00 (GMT + 9):
Octopus trading, market of Tokyo - Dec/2019
United States
Jan 23, 19:50 (GMT + 9):
Frozen hake (Whiting) and Alaska pollock products export statistics
United Kingdom
Jan 23, 19:00 (GMT + 9):
Fishing vessel owner and skipper ordered to pay more than GBP 21k for fisheries offences
United States
Jan 23, 07:00 (GMT + 9):
Public comment period for BAP Feed Mill Standard extended



Lenguaje
FEATURED EVENTS
  
TOP STORIES
High-stakes herring fishery gamble
Canada Fisheries and Oceans Canada is gambling with a public resource when it comes to herring fishery management. Herring populations are so important yet so variable that managing them in a conventional wa...
Fears grow of structural issues in new Tokyo´s central fish market
Japan It was 15 months ago that Tokyo's aging central fish market at Tsukiji, Chuo Ward, closed its doors for good. As was the case with the transfer of Tokyo's international airport from Haneda to Narita i...
After the closure of 61 areas, new evaluation of anchovy biomass will begin
Peru A scientific research vessel from the Institute of the Sea of Peru (IMARPE) will set sail on February 15 to determine the status and biomass of the anchovy resource, a fundamental study to determine t...
Tuna fishing season in the Pacific Ocean began
Mexico The National Aquaculture and Fisheries Commission (CONAPESCA) announced that on Monday, January 20, the tuna fishing season began with purse-seine vessels in the Pacific Ocean.   The decentrali...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
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. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
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
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
Brim Ltd (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly 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
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
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 - Headquarters
Cooke Inc. - Group Headquarters
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
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
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER