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Japan will become the main export market for Vietnamese shrimp in the second half of this year

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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From SeafoodNews on July 15, the Vietnam Association of Seafood Exporters and Producers (VASEP) said Japan is expected to become the main target market for Vietnam’s shrimp exports in the second half of the year due to excess shrimp stocks in the United State.

Ho Quoc Luc, chairman of the board of directors of Vietnam Sao Ta Food Joint Stock Company, revealed that the Japanese market requires Vietnamese shrimp products to be diversified and mostly processed produc.
Compared with the cost of shipping seafood to the United States and the European Union, the shipping cost to Japan is not hi.
, these advantages help the sales of Vietnamese shrimp in Jap.

At the same time, the inflation rate in Japan is still low compared to the United States and the European Union, which also creates conditions for the consumption of Vietnamese shrimp in the futu.

VASEP expects that Vietnam's shrimp exports in the second half of the year will be less than the first half due to factors such as weather factors and large-scale microsporidiosis in shrimp far.
In addition, excessive stocks in the US market, coupled with fierce competition from cheaper products from rivals such as India, Ecuador and Indonesia, will also affect shrimp exports in the second half of the ye.

Nonetheless, VASEP expects Vietnam's shrimp exports to be at least 10 percent higher this year than last ye.

Seafood exports to the United States and Japan

At the same time, the inflation rate in Japan is still low compared to the United States and the European Union, which also creates conditions for the consumption of Vietnamese shrimp in the futu.

Nonetheless, VASEP expects Vietnam's shrimp exports to be at least 10 percent higher this year than last ye.

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