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    Home > Food News > Food Articles > CPTPP member countries have become important markets for Vietnamese shrimp exports

    CPTPP member countries have become important markets for Vietnamese shrimp exports

    • Last Update: 2022-01-07
    • Source: Internet
    • Author: User
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    From SeafoodMedia December 20 news, Vietnamese aquatic production and export Association report, CPTPP members of the Vietnamese shrimp is second only to America 's second largest export market, accounting for Vietnamese shrimp 25% of the total export market
    .
    As of November this year, Vietnam’s shrimp exports to the CPTPP market were estimated at US$905.
    2 million, a decrease of 0.
    2% year-on-year
    .
     
    Usually the end of the year is the period when Vietnamese shrimp exports to CPTPP member countries recover.
    CPTPP is an important export market for Vietnamese shrimp companies and has many advantages after the implementation of the CPTPP agreement
    .
     
    In 2021, among the four largest single export markets to the EU, Vietnamese shrimp exports to Japan will slowly recover, while exports to Canada, Australia and Singapore tend to pick up
    .
    The markets of Canada, Australia, and Singapore are considered to be better areas for controlling the epidemic, so the demand for imported goods has not been greatly affected
    .

     
    Japan is the largest purchaser of Vietnamese shrimp in CPTPP
    .
    As of November this year, Vietnam’s shrimp exports to Japan were estimated at US$534.
    5 million, a decrease of 4.
    2% from the same period last year
    .
    This year's exports to Japan are not stable, showing an increasing trend from March to July, but gradually decreasing from August to November
    .
    Japan’s economic growth is unstable, coupled with the negative impact of the new crown epidemic, restaurant restrictions on activities have reduced people’s consumer demand
    .
     
      Canada is the second largest export market for Vietnamese shrimp in CPTPP
    .
    As of November this year, Vietnam’s shrimp exports to Canada were estimated at US$166.
    5 million, a decrease of 3.
    6% from the same period last year
    .
    This year, after falling in August and September, exports to Canada rebounded again in October and November
    .
    Canada is a country with a high-income population, and there are still many opportunities for Vietnamese shrimp exports to this market
    .
     
      As of November this year, Vietnamese shrimp exports to Australia are estimated to exceed US$164 million, an increase of 23.
    4% over the same period last year
    .
    From January to July, the export value of Vietnamese shrimp to Australia increased strongly, after that, it declined from August to October, and then rebounded again in November
    .
    Vietnamese shrimp is currently the largest supplier of Australian shrimp, and here will be a potential market for Vietnamese shrimp
    .
     
      In the first three quarters of this year, Vietnam’s shrimp exports to Singapore were not stable, but there were signs of recovery in October and November
    .
     
      This year, the CPTPP market has a good demand for imported shrimp, but doing a good job in epidemic prevention and control is a necessary condition for stable production of enterprises
    .
    Due to the new crown epidemic, high production and transportation costs, Vietnamese shrimp exporters still face many challenges
    .

    Aquatic products exported to U.
    S.
    prawns
     
      Usually the end of the year is the period when Vietnamese shrimp exports to CPTPP member countries recover.
    CPTPP is an important export market for Vietnamese shrimp companies and has many advantages after the implementation of the CPTPP agreement
    .
     
      In 2021, among the four largest single export markets to the EU, Vietnamese shrimp exports to Japan will slowly recover, while exports to Canada, Australia and Singapore tend to pick up
    .
    The markets of Canada, Australia, and Singapore are considered to be better areas for controlling the epidemic, so the demand for imported goods has not been greatly affected
    .

     
      Japan is the largest purchaser of Vietnamese shrimp in CPTPP
    .
    As of November this year, Vietnam’s shrimp exports to Japan were estimated at US$534.
    5 million, a decrease of 4.
    2% from the same period last year
    .
    This year's exports to Japan are not stable, showing an increasing trend from March to July, but gradually decreasing from August to November
    .
    Japan’s economic growth is unstable, coupled with the negative impact of the new crown epidemic, restaurant restrictions on activities have reduced people’s consumer demand
    .
     
      Canada is the second largest export market for Vietnamese shrimp in CPTPP
    .
    As of November this year, Vietnam’s shrimp exports to Canada were estimated at US$166.
    5 million, a decrease of 3.
    6% from the same period last year
    .
    This year, after falling in August and September, exports to Canada rebounded again in October and November
    .
    Canada is a country with a high-income population, and there are still many opportunities for Vietnamese shrimp exports to this market
    .
     
      As of November this year, Vietnamese shrimp exports to Australia are estimated to exceed US$164 million, an increase of 23.
    4% over the same period last year
    .
    From January to July, the export value of Vietnamese shrimp to Australia increased strongly, after that, it declined from August to October, and then rebounded again in November
    .
    Vietnamese shrimp is currently the largest supplier of Australian shrimp, and here will be a potential market for Vietnamese shrimp
    .
     
      In the first three quarters of this year, Vietnam’s shrimp exports to Singapore were not stable, but there were signs of recovery in October and November
    .
     
      This year, the CPTPP market has a good demand for imported shrimp, but doing a good job in epidemic prevention and control is a necessary condition for stable production of enterprises
    .
    Due to the new crown epidemic, high production and transportation costs, Vietnamese shrimp exporters still face many challenges
    .

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