US to be Vietnam’s biggest seafood buyer in 2010-15 period

Vietnam is now the biggest shrimp supplier to the Japanese market (39,000-43,000 tonnes per year), according to Vietnam Association of Seafood Exporter and Processors (Vasep).

However, currently, Vietnam is facing fierce competition among major shrimp exporting countries in the region such as Thailand, and Indonesia. Especially, the Thailand market has an export growth of nearly 30 percent as of 2009 whereas that of Vietnam decreased nearly 6 percent.

Meanwhile, the US market is under the growing period again and will soon become the leading market. At present, Vietnam is the US’s fifth biggest shrimp provider (40-43,000 tonnes per year) and showing signals of reduction as of the end of 2009. Thailand now is the US’s leading shrimp provider (180,000-195,000 tonnes per year) and maintains the growth of 5-10 percent/year.

Currently, the importing demand for shrimp items in the EU27 market remains high (465,000-475,000 tonnes per year) and quite stable. Vietnam now ranks at the eighth (21,000-25,000 tonnes) after Ecuador, India, Greenland, China, Thailand, Bangladesh and Argentina. – Dai doan ket

Tags: Vietnam Seafood, Vietnam seafood sector

Posted by VBN on Dec 11 2010. Filed under Sea food. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry