17 May, 2022
There they are, Vietnam crabs grow strongly
There they are, Vietnam crabs grow strongly
The above information was provided by Mrs. Kim Thu – Shrimp market specialist (under the Vietnam Association of Seafood Exporters and Producers) provide.
Black tiger shrimp stands firm in the European market thanks to the EVFTA Agreement
Black tiger shrimp is considered a premium product thanks to its color, special taste, large in size and often popular in niche markets in the EU such as the Netherlands, Belgium, Virtue, France.
Expanding import and export lanes in Tan Thanh, Vietnam's black tiger shrimp exports to the EU market recorded a breakthrough growth 107% with export value reaching 24 million dollars
Ms. Kim Thu shared: Black tiger shrimp are consumed in retail and foodservice markets in Europe. Year 2020 and the beginning of the year 2021, Black tiger shrimp consumption in the EU has slowed down due to the impact of the Covid-19 epidemic, Restaurants are closed to prevent the epidemic.
But, from the middle of the year 2021, The market gradually reopened, so the demand for black tiger shrimp in the EU market recovered and is expected to remain at a high level this year. 2022.
“The wholesale and retail sectors in the EU market favor products such as HLSO black tiger shrimp and peeled black tiger shrimp. 16/20 – 51/60, HOSO black tiger shrimp size 21/26. The recycling sector is in high demand for HOSO . black tiger shrimp products, HLSO, peeled and closed in size 16/20 – 51/60.
In the retail segment, Frozen peeled black tiger shrimp products are mainly sold as 250g . bags – 1kg. HOSO semi IQF or IQF black tiger shrimp sold as 250g . bags – 1kg or carton box from 500g – 1kg. Most retail organizations sell frozen shrimp under their own label.”, Mrs. Thu confided.
The current, Black tiger shrimp suppliers to the EU market include Bangladesh, Vietnam, Madagascar, Indonesia, India and Myanmar. Products that compete with black tiger shrimp in the EU market such as vannamei shrimp, Argentine red shrimp and wild-caught black tiger shrimp.
According to Ms. Thu, in the first quarter of this year, export (XK) Vietnam's black tiger shrimp to the EU market recorded a breakthrough growth 107% with export value reaching 24 million dollars. Vietnam's black tiger shrimp exports to the EU started to increase this year 2021, previous years, Exports still recorded a decrease. Year 2021, Vietnam's black tiger shrimp exports to the EU reached 98,5 million dollars, increase 36% compare with year 2020.
Vietnam's black tiger shrimp products are mainly exported to the EU in the first quarter of this year, including fresh and frozen whole black tiger shrimp., Frozen fresh PD black tiger shrimp, Frozen fresh EZP headless black tiger shrimp, Frozen fresh HLSO EZP headless black tiger shrimp, Fresh frozen IQF black tiger shrimp, IQF steamed black tiger shrimp PDTO, Frozen fresh HOSO black tiger shrimp, Steamed frozen shrimp CPTO…
Ms. Thu emphasized: “Vietnamese black tiger shrimp in the EU market has many competitive advantages over rival suppliers. Along with advantages from the EVFTA Agreement, Vietnamese black tiger shrimp has many growth opportunities in this market. With black tiger shrimp products going to Europe, Enterprises need to meet many quality requirements, seek an origin, chain of custody and third-party certification”.
Crab exports in the first quarter of 2022 reached 52 million dollars
While, continued growth in the quarter 4/2021, Vietnam's crab exports continue to grow well in the first quarter of 2022. The export value of crabs in this quarter reached nearly 52 million dollars, increase 62% over the same period in the year 2021. This is the highest level in 5 via, doubled over the same period last year 2019, the time before the Covid-19 pandemic.
Statistics of Vietnam's crab exports
Specifically, China, America, Japan and France are top 4 import single market (NK) Vietnam's largest number of crabs. Inside, France occupies more than 91% total export value.
According to Ms. Thu, after a year-on-year decline 2021, Vietnam's crab exports to China and Hong Kong increased continuously in the past year 3 the first month of the year 2022. The export value of crabs to this market in the first quarter of 2022 reached more than 20 million dollars, increase 104% over the same period.
The main reason is that Vietnam's seafood processing and exporting enterprises have adapted well to the policy “accelerate processing as well as reopen” of this country. This high growth has made China the largest crab import market of Vietnam
For the Japanese market, Vietnam's crab exports are continuing to grow this quarter. The value of crab exports to the Japanese market reached nearly 19 million dollars, increase 18% over the same period.
Japan is currently the largest importer of Vietnamese crab in the market that participates in the CPTPP Agreement. And also the country that maintains the continuous growth of crab imports in the past year 3 the first month of the year 2022. While, Crab exports to Australia and Singapore have continued to decline this quarter.
Ms. Thu added, in the EU market, Vietnam's crab exports also recovered after a decline last year. However, Export to markets in the bloc is not stable. France is currently the largest crab import market of Vietnam in this market block, close to 1,7 million dollars, increase 38%.
On the EU market, Vietnam's crab exporters have to compete with crab products from the UK, And Uy, Madagascar, China, Indonesia. Products that compete with crab in this market include lobster and surimi.
Remarkable, Vietnam's crab exports to the US grew continuously in the first quarter of 2022. The value of Vietnam's crab exports to this market in 3 the first month of the year 2022 close to 19 million dollars, increase 78% over the same period.
The US has fully reopened, which has helped increase demand for crabs. Besides that, Increased production costs and sea freight costs have pushed up export prices.
Source: https://nongnghiephuucovn.vn/tom-su-cua-ghe-viet-nam-tang-truong-manh
