Coming to the year-end holiday season, the US chooses to buy a lot of Vietnamese shrimp

Vietnamese white-leg shrimp is popular with Americans - Photo: QUANG DINH

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), since February, the price of white-leg shrimp exported to the US has continuously increased, from 9.6 USD/kg to more than 10.2 USD/kg; the price of black tiger shrimp fluctuates from 14.9-19.3 USD/kg.

In the first 8 months of this year, Vietnamese shrimp exports to the US reached more than 450 million USD, up 5% over the same period last year.

The increase in Vietnamese shrimp export prices is primarily due to increased purchasing power in the US market. According to Ms. Kim Thu, a shrimp market expert from the Vietnam Association of Seafood Exporters and Producers, Americans are buying more shrimp for traditional reasons.

Before July, the US market usually only bought about 40% of Vietnamese shrimp, especially white-leg shrimp. After July, purchases increased to about 60% due to year-end festival consumption demand, increasing the purchasing power of importers. In addition, the cooling inflation helped improve consumption.

This person also gave his opinion on the forecast of a decrease in global shrimp output in 2024 (down about 5%, 260,000 tons, down to 4.89 million tons) and concerns that shipping costs are increasing, and will increase more strongly near the end of the year, so the US will increase import demand.

"From more than 31,000 tons exported in July, Vietnamese white-leg shrimp sold to the US increased to more than 33,000 tons in August, the highest level since the beginning of this year. By the end of the year, during the holiday season, when demand for parties increases, Vietnamese shrimp will be chosen by many Americans," the expert added.

Meanwhile, according to Mr. Nguyen Khanh Nguyen - a shrimp production and export enterprise in Bac Lieu province, in early July, a partner in the US contacted to order more goods for the end of the year, especially white-leg shrimp to process dishes such as beer-steamed shrimp, grilled shrimp, butter-sauced shrimp...

Mr. Nguyen said: "They raised the issue early to agree on the price. American customers said that Ecuadorian and Indian shrimp have warnings about antibiotic residues and food safety, so Vietnamese white-leg shrimp is the top choice of Americans."

Although Vietnamese shrimp has many opportunities in the US market, exporting enterprises are also promoting exports to other potential markets such as Europe, Japan, Korea, China, etc. to reduce dependence on the market, so that the shrimp industry can develop sustainably in the long term.

In 8 months, shrimp exports reached 2.4 billion USD, leading the seafood industry.

According to the Ministry of Agriculture and Rural Development, seafood exports continued to recover, with a growth rate of 20% in August 2024, reaching nearly 953 million USD. In the first 8 months, seafood exports reached nearly 6.3 billion USD, up 9% over the same period last year...

Shrimp exports alone reached 2.4 billion USD, up 9% over the same period last year. Of which, whiteleg shrimp exports reached about 1.75 billion USD, up 8%; black tiger shrimp exports were still 7% lower than the same period, reaching nearly 290 million USD. Lobster exports alone maintained good growth momentum, so the export turnover in the first 8 months of 2024 was 140% higher than the same period in 2023.

Source: https://tuoitre.vn/sap-vao-mua-le-hoi-cuoi-nam-my-chon-mua-nhieu-tom-viet-nam-20240915161450463.htm