In October this year, among the main import markets, shrimp exports to the US, EU, and Korean markets increased; Exports to China continued to decline.
Regarding export products, as of October this year, Vietnam’s vannamei shrimp export value (accounting for 77% of total shrimp exports) increased by 9% while the export value of black tiger shrimp (accounting for 16%) increased by 1.8%, marine shrimp export value decreased by 39% over the same period last year.
In terms of output, in October 2021, whiteleg shrimp production was estimated at 85.3 thousand tons, up 0.4% over the same period last year; Black tiger shrimp was estimated at 33.6 thousand tons, down 0.9%. Raw whiteleg shrimp prices increased in all sizes in the Mekong Delta provinces.
In October 2021, Vietnam’s shrimp exports to the US reached 117.7 million USD, up 19% compared to October 2020. Accumulated in the first 10 months of this year, Vietnam’s shrimp exports to this market reached 892.7 million USD, up 22% over the same period last year.
The US demand for shrimp imports from Vietnam has been quite stable since the Covid-19 pandemic broke out in the world. During the 4th outbreak of a strong outbreak in Vietnam, shrimp exports to the US only decreased in August and quickly recovered in September.
The US demand for big shrimp is recovering, the US also has high demand for fresh/frozen meat (PD) shrimp products from Vietnam. From now until the end of the year, Vietnam’s shrimp exports to the US will continue to increase, this growth momentum will last until the first quarter of 2022.
According to the US National Oceanic and Atmospheric Administration (NOAA), the US imported 74,040 tons of shrimp in September 2021, down 1% compared to September 2020. The value of US shrimp imports continued to increase in September, with a value of 683.06 million USD, up 5% compared to September 2020.