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Vietnam's shrimp exports are expected to be difficult to maintain growth

 Last Update: 2021-07-27
 Source: Internet
 Author: User

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Vietnam's "Herald" reported on July 22 that in the first half of 2021, the main export markets for Vietnamese shrimp (except China ) have all grown considerably
.
Since the outbreak of the new crown epidemic , this has been the effort and success of Vietnamese shrimp exporters
.
However, in the current complex situation of the new crown epidemic, the epidemic has become the most worrying issue for all processors and exporters in the Jiulong River Plain.
It is expected that shrimp exports will face difficulties
.

According to the Vietnam Aquatic Products Processing and Export Association (VASEP), Vietnam’s shrimp exports reached US$1.
7 billion in the first half of this year, a year-on-year increase of 13.
7%
.

Among them, except for the Chinese market (a negative growth of 20%), Vietnam's shrimp exports to major markets and regions such as CPTPP, the United States, and the European Union all grew by double digits (14% to 36%); Japan and South Korea showed slight growth
.

　　CPTPP is still the main export market for Vietnamese shrimp companies
.
In the first six months of this year, shrimp exports to this market amounted to US$482.
8 million, a year-on-year increase of 14%, accounting for 28% of Vietnam’s total shrimp exports
.
Among them, Japan is the largest market, with a total export value of 290.
2 million U.
S.
dollars, an increase of 4.
3% year-on-year
.
In addition, it is worth noting that shrimp exports to Australia reached 88.
7 million US dollars, an increase of 81%
.

　　In the first half of this year, Vietnam’s shrimp exports to the United States reached US$439.
8 million, a year-on-year increase of 36%
.
During the COVID-19 pandemic, US retail sales continued to grow
.
In the first six months of this year, Vietnam’s shrimp exports to the European Union also increased by 27.
3% to US$255.
6 million
.
In the second quarter of this year, as the number of confirmed cases of new coronary pneumonia continued to decline and vaccinations were carried out, food service stores in Europe began to reopen
.

　　However, VASEP stated that due to the complex situation of the new crown epidemic in Vietnam and the spread of Delta virus worldwide, Vietnam’s shrimp exports in July are expected to slow down
.

Export Chinese epidemic

　　However, VASEP stated that due to the complex situation of the new crown epidemic in Vietnam and the spread of Delta virus worldwide, Vietnam’s shrimp exports in July are expected to slow down
.

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