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According to a survey by the Global Aquaculture Alliance (GAA), global shrimp production will increase by about 8.
9% year-on-year in 2021 and is expected to continue to increase in 2022
.
This will have a huge impact on Vietnam's shrimp industry
.
Specifically, the competition in the main export markets of Vietnamese shrimp is more intense; the global shrimp raw material prices are on a downward trend, which will put a lot of pressure on the Vietnamese shrimp industry
.
In addition, there are changes in quarantine regulations for imported products from many countries, challenging food safety warnings
.
In the first two months of this year, Vietnam’s aquatic product exports reached US$1.
5 billion, a year-on-year increase of 51%
.
Among them, shrimp exports in February reached 237 million US dollars, a year-on-year increase of 50%, and shrimp exports in the first two months of this year reached 550 million US dollars, a year-on-year increase of 46%
.
The main export markets for Vietnamese shrimp are: North America, the European Union, Japan, and China
.
5 billion, a year-on-year increase of 51%
.
Among them, shrimp exports in February reached 237 million US dollars, a year-on-year increase of 50%, and shrimp exports in the first two months of this year reached 550 million US dollars, a year-on-year increase of 46%
.
The main export markets for Vietnamese shrimp are: North America, the European Union, Japan, and China
.
Despite certain difficulties and challenges, Vietnam's shrimp exports are expected to grow by 10-12% in 2022, breaking the US$4 billion mark
.
.
Tran Dinh Hua, secretary-general of Vietnam Association of Aquatic Products Processing and Export (VASEP), said that overall market demand will continue to recover this year, but long-term and medium-term contracts are difficult to implement, and short-term bulk contracts will be converted
.
The main markets for Vietnamese shrimp are still the US, EU, Japan, China and South Korea
.
.
The main markets for Vietnamese shrimp are still the US, EU, Japan, China and South Korea
.
