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    Home > Food News > Food Articles > Vietnam's shrimp market share in the EU hardly surpasses Ecuador's

    Vietnam's shrimp market share in the EU hardly surpasses Ecuador's

    • Last Update: 2022-09-07
    • Source: Internet
    • Author: User
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    From SeafoodNews on August 31, Ho Quoc Luc, former chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that although Vietnamese shrimp currently has the second largest share of overseas suppliers in the EU market after Ecuador, It's hard to jump to first place
    .
    Seafood exports to the EU
     
    Ho Quoc Luc pointed out that Ecuador has many advantages, such as geographical location, agricultural technology, variety, production capacity and price
    .
     
    Ecuador’s shrimp production is growing faster than Vietnam’s, with production exceeding 1 million tons in 2021, an annual increase of 20%.
    Vietnam’s shrimp production was 930,000 tons last year and is expected to reach 1 million tons this year.
    The annual growth rate of Vietnam’s shrimp production is estimated at 8%, higher than the global average of 5%
    .
     
    Robins McIntosh, vice president of CP Foods Group, recently predicted that by 2027, shrimp production in Ecuador could grow to 2.
    5 million tons, 2.
    5 times the current production, and almost meet the global market demand
    .
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