Shrimp exports to the free trade market soar, Vietnamese enterprises expand production scale

 

Shrimp exports to CPTPP member countries and the European Union surge

 

According to the Vietnam Aquatic Products Processing and Export Association (VASEP), in the first four months of this year, Vietnam’s shrimp exports amounted to US$961.
9 million, a year-on-year increase of 10.
2%.
The results show that since the large-scale vaccination in various countries, the shrimp market is showing a positive trend of recovery.

 

Specifically, in the first four months of 2021, shrimp exports to the "Comprehensive and Progressive Agreement for Trans-Pacific Partnership" (CPTPP) member countries exceeded US$297 million, accounting for nearly 31% of Vietnam’s total shrimp exports, a year-on-year increase of 7.
6 %.
Among them, in April alone, shrimp exports to Japan reached 177.
9 million U.
S.
dollars, an increase of nearly 6% year-on-year, followed by Australia, where exports surged by 177.
4%.

 

　　At the beginning of this year, many opinions believed that EU shrimp imports will decline in 2021, but the current situation has reversed.
In the first four months, shrimp exports to the EU still reached 145.
7 million US dollars, an increase of 18.
5% year-on-year.
Exports in April Reached nearly 50 million U.
S.
dollars, an increase of 45% year-on-year.
According to the Vietnam Aquatic Products Processing and Export Association, after the "Vietnam-EU Free Trade Agreement" takes effect, the tax rate of some Vietnamese shrimp products such as frozen black tiger shrimp will be immediately returned to zero from 12-20%.
This helps importers to speed up the progress of shrimp imports and increase the value of shrimp exports to this market.

 

　　In addition to the above-mentioned major markets, the US's vaccination campaign has enabled the country's economy to recover rapidly, which has had a significant impact on food sales, including shrimp products.
At the same time, India, a competitor of Vietnamese shrimp exports in the U.
S.
market, is facing double difficulties, namely, responding to the new crown pneumonia epidemic, the U.
S.
imposes a 2% anti-dumping duty on warm-water shrimp, and the country’s shrimp industry related to forced labor and use.
Allegations of banned antibiotics.
This creates opportunities for Vietnamese companies to export shrimp, because the United States is currently Vietnam's largest shrimp import market.
According to estimates by the Vietnam Aquatic Products Processing and Export Association, as of the end of April 2021, shrimp exports to the United States totaled US$198 million, an increase of 24.
8% year-on-year.

 

　　As a company that has seen a significant increase in shrimp export volume and export value in the first four months, the main export markets are the United States and the European Union.
Chen Wenling, chairman of Shunfu Aquatic Products and Trading Co.
, Ltd.
, shared that when competitors are doing their best to prevent When controlling the epidemic, controlling the epidemic has helped Vietnamese shrimp make good use of the market gap, thereby driving the growth of export value.

 

　　Like Shunfu, in the first four months of this year, Sao Ta Foods Inc.
's revenue and output increased by more than 30%.
The above results stem from the process of brand building and structural reorganization of operational organization activities.

 

　　Take the initiative to usher in the trend

 

　　According to the Vietnam Aquatic Products Processing and Export Association, in 2021, the Vietnamese shrimp industry has set a goal of 4 billion U.
S.
dollars in exports, an increase of about 10% over 2020.
The above forecast is based on the rebound in sales in major export markets such as the United States, Japan, and the European Union.

 

　　In order to seek business opportunities in the above context, Sao Ta Foods Co.
, Ltd.
has taken many timely measures, such as expanding the water storage area for aquaculture, increasing the bottom of the pond, providing oxygen and changing the breeding method, and focusing on the biological safety of the farm.
In addition, in 2020, Sao Ta Foods Co.
, Ltd.
will also seize the opportunity to build two factories at the same time in Anye Industrial Zone in Shuo Trang Province, with an annual output of 20,000 tons and a total investment of nearly 400 billion VND.
Currently, the two factories are still under construction and will be put into operation as soon as possible.

 

　　In the expansion trend, Ming Phu Aquatic Products Group plans to build two processing plants in Houjiang and Ca Mau provinces, with an annual output of nearly 50,000 tons and a total investment of nearly 1 trillion VND.
Minghai Fishery Co.
, Ltd.
is improving production conditions for its three factories in Bac Lieu province, enhancing processing capacity and food safety.

 

　　As for Shunfu Aquatic Products and Trading Co.
, Ltd.
, Chen Wenqiangsheng revealed that from the beginning of 2021, the company has put into operation an Anan shrimp processing plant with a total area of ​​nearly three hectares and a total investment of more than 400 billion VND.
.
The processing plant has a daily output of about 50 tons of finished shrimp, and the cold storage system has an output of 3,000 tons.
At the same time, An'an Shrimp Processing Plant has a shrimp farming area with a total area of ​​200 hectares in Bazhi County, Ben Tre.
This will become an ideal and suitable key area for the supply of raw materials, which will help to actively control food hygiene and safety.
Chen Wenqiangsheng said: "This year, our export volume is expected to reach 130 million US dollars, an increase of 30% compared to 2020.
Therefore, from the beginning of the year, we have put the new processing plant into operation, expanded the processing plant in operation, and aimed to increase production.
To meet the substantial increase in orders.
"

 

　　While maintaining initiative in the raw material area and expanding factory production capacity, shrimp companies stated that they are optimizing all activities, reducing unnecessary costs, and coping with the substantial increase in shipping costs.
In particular, under the current complex background of the new crown pneumonia epidemic situation, companies are also paying attention to ensuring operational safety.
(Finish)