Vietnam Shrimp Export Report – Analyse Vietnam Shrimp Industry
07 August 2018
Vietnam is the third largest shrimp exporter in the world
after India and Ecuador. Vietnam shrimp exports worth USD 1849 million in 2017
which accounted for 10.2% value of the global exports for this product. In
import-export business, shrimp is classified under HS Code 030617. Japan is the biggest export market for Vietnamese
shrimp, followed by USA and South Korea. Vietnam is the world’s leading
producer of black tiger shrimp with a production of 3 million tons per year
while whiteleg shrimp has been cultivated in the different countryside since
2008.
The research report released by Export Genius will provide statistics and information on Vietnam
shrimp export and analyzing the export performance to its markets during
current and past years. Our report is updated on monthly basis and having
historical data since 2010. We track all the shipments departs from land, air
and sea ports. Let’s take a look at the data segments that you will find in our
report.
·
The global buyers will get the list of trusted shrimp
suppliers in Vietnam.
·
Vietnamese suppliers will get genuine buyers in
the global market.
·
Know the trading of biggest export markets of
the Vietnamese shrimp.
·
Check the price and exported quantity of
Vietnamese shrimp.
Shrimp Industry in Vietnam
As per the Vietnam
Association of Seafood Exporters and Producers (VASEP), the foreign markets still have a lot of imported shrimp
and reduced their demands for Vietnamese shrimp. A shrimp farmer recently sold
his harvest at USD 3 per kilogram which is the lowest price in last 10 years. Vietnamese shrimp exporters have begun to sign
large orders so shrimp prices are expected to increase again this year. There
would not be excess supply in the market in upcoming months because other
shrimp exporting & producing countries such as India, Bangladesh and
Thailand have over harvested.
The shrimp sector has many favourable conditions with the
government’s higher attention including opening of material production centres and
solutions on supplying raw material. The shrimp industry will actively produce varieties
of black tiger shrimp and white leg shrimp to meet the requirement of market
demand.
Vietnam Shrimp Export Statistics
According to Vietnam
export data, the country no growth in exported value between 2013 and 2017.
However, it has recorded 13% of growth
by value in shrimp exports during 2016-17. Refer the below table to check
Vietnam shrimp export statistics of last five years.
Year |
Value (USD Million) |
2017 |
1849 |
2016 |
1820 |
2015 |
1731 |
2014 |
2481 |
2013 |
1988 |
List of Shrimp Exporters in Vietnam
Vietnam has a good reputation for value-added shrimp
products. Vietnamese exporters can increase shipments of processed products to
increase revenues by targeting less-covered markets like China. Our report
comprising hundreds of exporters name with their contact details. Some of them
are given below.
·
Trading Service Co. Ltd Wu Martial
·
Nguyen Van Doan
·
JSC Minh Phu Hau Giang Seafood
·
Ltd Minh Phat Seafood Processing
·
Company Limited Hai Thanh Food Export
·
Corporation Financial seafood processing KIM ANH
·
Corporation Sao Ta Foods
Check More Vietnamese Shrimp Exporters
Top 10 Vietnam Shrimp Export Destinations
As per Vietnam Trade Data, Vietnamese exporters have supplied shrimp to more than 70 countries around the world in 2017. Japan, United States and South Korea are its top export destinations and together they recorded 53% value of the total shrimp exports. Vietnam shrimp export to Japan stood at USD 431.23 million which accounted for 23.3% share value during 2017. Vietnam exports to Japan have been declined by 3% of value between 2013 and 2017. However, it is recovered during 2016-17.
The United States is the second largest shrimp export market
of Vietnam which recorded USD 313.66 million in 2017 which represented 17% of
Vietnam’s exports. Check the following table to know the value and share value
of top 10 shrimp export partners of Vietnam during 2017.
Country |
Value (USD Million) |
Share Value |
Japan |
431.23 |
23.3 |
USA |
313.66 |
17.0 |
South Korea |
235.57 |
12.7 |
United Kingdom |
88.19 |
4.8 |
Canada |
88.08 |
4.8 |
Hong Kong |
84.84 |
4.6 |
Netherlands |
77.24 |
4.2 |
Belgium |
69.47 |
3.8 |
Germany |
63.76 |
3.4 |
France |
56.08 |
3.0 |
How to get Vietnam Shrimp Export Data?
Export Genius provides the Vietnam shrimp export data based
on actual shipment records. It consists of accurate information about Vietnam
exports and helps in doing more research and come up with better conclusions.
It is a market research source for analyzing Vietnam’s exporting activities
with comprehensive data fields. Let’s check a sample of shrimp export data and
take a fair idea about major data fields that we cover in our report.
Date |
01 October 2017 |
HS
Code |
03061790 |
Product
Description |
Iron Shrimp PD 91/120 = 100 pieces
(12kg / case) # & VN |
Quantity |
1200 KGS |
Value |
USD 8760 |
Vietnamese
Exporter |
Gia Rai General Import Export Joint
Stock Co |
Importer
Company |
MATSUDA SANGYO CO., LTD |
Export
Country |
Vietnam |
Import
Country |
Japan |
Export
Port |
Cat Lai/ Open Land Port |
Foreign
Port |
Tokyo |
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