Shrimp exports hit high at over USD4 billion in 2014
Data from Ministry of Agriculture and Rural Development revealed that seafood export value in 2014 is estimated at USD7.9 billion, up 18% year on year. Shrimp exports is expected to reach the highest recorded value, at over USD4 billion, up 25% year on year.Export value of whiteleg shrimp continued to sharply increase and by the end of 2014, export value of the shrimp nearly doubled that of black tiger shrimp.
The US continued to be the leading market for Vietnam shrimp exports. Shrimp exports to the EU continued its increasing trend. The US, Japan and the EU are three major markets for shrimp exports. Markets such as South Korea, Australia, Canada witnessed double digit growth.
According to Mr. Nguyen Hoai Nam, Deputy General Secretary of VASEP, seafood import demand from the US, EU, Japan is high but Vietnam has to be competitive by improving quality of products. Only by this way can Vietnam seafood exports maintain growth and become better.
Reportedly, in 2014, brackish water shrimp was farmed in the total area of 685,000 hectares, consisting of 590,000 hectares for black tiger shrimp and 95,000 hectares for whiteleg shrimp.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it. Source: http://seafood.vasep.com.vn/seafood/50_10389/shrimp-exports-hit-high-at-over-us-4-billion-in-2014.htm