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Trade Service
2025 Forecast", VASEP updated information on the position of Vietnamese shrimp in the international market
.
Since 2015, Vietnam was the world's largest exporter of shrimp
.
.
Indian shrimp has grown strongly since 2015, Ecuadorian shrimp has made a breakthrough since 2018, and Vietnamese shrimp is only third, but the proportions of these top three are not much different
.
Specifically, of the $26-28 billion in annual global shrimp imports, India accounts for 15.
7%, Ecuador 14% and Vietnam 13.
6%
.
It is worth noting that the expansion of the shrimp industry in the above two countries is somewhat related to the development of the refrigeration equipment manufacturing technology of Vietnamese enterprises
.
.
Specifically, of the $26-28 billion in annual global shrimp imports, India accounts for 15.
7%, Ecuador 14% and Vietnam 13.
6%
.
It is worth noting that the expansion of the shrimp industry in the above two countries is somewhat related to the development of the refrigeration equipment manufacturing technology of Vietnamese enterprises
.
The shrimp farming area in Vietnam exceeds 740,000 hectares
.
In the past five years, the area of shrimp farming has grown slightly at a rate of 1.
5% per year, and the output has reached more than 900,000 tons per year, mainly in the southwestern provinces of Vietnam, accounting for more than 80%
.
.
In the past five years, the area of shrimp farming has grown slightly at a rate of 1.
5% per year, and the output has reached more than 900,000 tons per year, mainly in the southwestern provinces of Vietnam, accounting for more than 80%
.
Vietnam's black tiger shrimp ranks first in the world, and its production has grown rapidly at a rate of 10% per year.
Although export earnings have fluctuated over the years, the overall level has been progressive at 5% per year, while China and Thailand's shrimp exports The decline was quite large, more than 20%
.
Although export earnings have fluctuated over the years, the overall level has been progressive at 5% per year, while China and Thailand's shrimp exports The decline was quite large, more than 20%
.
Vietnam's farmed shrimp seedlings mainly rely on imports, but its domestic farming technology can provide 10% of the seedlings of Penaeus vannamei and black tiger shrimp
.
.
In terms of processing, there is no clear standard for the division of processed products (HS code 16) and fresh products (HS code 03)
.
According to statistics, processed shrimp products account for more than half of the total export volume.
The shrimp products exported to China are mainly fresh shrimp (whole shrimp and headless shrimp).
In fact, whether processed or fresh, Vietnamese shrimp products They are all very popular, and Vietnamese shrimp is at the top of the industry with a high level of processing
.
.
According to statistics, processed shrimp products account for more than half of the total export volume.
The shrimp products exported to China are mainly fresh shrimp (whole shrimp and headless shrimp).
In fact, whether processed or fresh, Vietnamese shrimp products They are all very popular, and Vietnamese shrimp is at the top of the industry with a high level of processing
.
The main markets for Vietnamese shrimp consumption are the United States, Japan, the European Union, China and South Korea
.
Currently, the United States, the European Union and Japan are all consuming large quantities of Vietnamese vannamei, and black tiger prawns are consumed in large quantities in Japan, China and the United States
.
.
Currently, the United States, the European Union and Japan are all consuming large quantities of Vietnamese vannamei, and black tiger prawns are consumed in large quantities in Japan, China and the United States
.
Regarding the outlook for the next five years, the report states that by 2025, Vietnam's shrimp exports will total US$5.
6 billion, with an average annual growth of 9%
.
Over the past five years, the growth rate has been 5% per year
.
It is estimated that the shrimp export turnover may reach US$10 billion in 2025
.
6 billion, with an average annual growth of 9%
.
Over the past five years, the growth rate has been 5% per year
.
It is estimated that the shrimp export turnover may reach US$10 billion in 2025
.
