DNVN - The shrimp industry will maintain its growth momentum in 2024, but in terms of efficiency, farmers and processing enterprises are facing many difficulties. According to experts, to increase competitiveness and achieve the growth target in 2025, the shrimp industry needs to be motivated to make a breakthrough.
Efforts to overcome challenges
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's shrimp exports in 2024 will reach nearly 4 billion USD, an increase of 14% compared to 2023.
Demand for year-end festivals in the US and EU and demand for Lunar New Year in China contributed to increased orders from these markets. Shrimp exports to Japan, although not increasing strongly, maintained positive growth momentum due to stable exchange rates in the last quarter of the year and the recovery of the yen.
Besides, exports to smaller markets such as Russia, Canada, Australia, UK, and Taiwan also show great potential in 2024.
The average export price of shrimp to markets at the end of the year also showed positive signs. Domestic shrimp prices recovered at the end of the year. Raw shrimp supply is scarce, large distribution systems in the world are increasingly looking for supplies from Vietnamese shrimp, although the price is higher but safety is guaranteed, leading to a significant increase in orders.
In 2024, the shrimp industry faces many challenges.
According to a report by the Ministry of Agriculture and Rural Development, in 2024, the brackish water shrimp farming area is estimated to reach 737 thousand hectares with an output of more than 1,264 thousand tons, an increase of 5.3% compared to 2023.
It is expected that by 2025, the brackish water shrimp farming area will reach 750,000 hectares, an increase of 1.8% compared to 2024, and the output will reach 1,290 thousand tons, an increase of 2% compared to the previous year.
However, according to Ms. Kim Thu - a shrimp market expert of VASEP, the shrimp industry has faced many major challenges over the past year. Market fluctuations, especially the continuous decrease in raw shrimp prices, even at times "hitting rock bottom" compared to previous years, have forced many farmers to hold back or even "hang up their ponds".
While shrimp prices have fallen sharply, feed costs have increased, causing farmers to face unprofitable or loss-making shrimp farming. In particular, in the first half of 2024, shrimp prices continued to plummet in most sizes, right at the peak time of shrimp stocking for farmers in the Mekong Delta region.
Not only price difficulties, environmental developments and unfavorable weather as well as diseases have always been difficult problems for last year's shrimp crop.
The shrimp industry in 2024 will maintain its growth momentum, but in terms of efficiency, farmers and processing enterprises are facing many difficulties due to a shortage of raw shrimp for processing.
Need to be motivated
To increase competitiveness and achieve growth targets in 2025, according to experts, the shrimp farming sector needs to be motivated, such as farmers being able to mortgage and borrow capital from banks normally, granting water surface licenses to people so that they can borrow capital from funds or banks. Stricter control of the circulation and consumption of poor quality shrimp seeds.
VASEP proposed that the Government, the Ministry of Foreign Affairs, and the Ministry of Industry and Trade focus on economic diplomacy, bilateral negotiations, and targeted trade promotion in important markets to unlock advantages for Vietnamese shrimp exports.
"The Japanese market imported the most shrimp from Vietnam in 2024, but it may be overtaken by Indonesian shrimp because Indonesia is subject to high tariffs in the US and will seek to switch to Japan. Promote negotiations with South Korea to abolish quotas on Vietnamese shrimp exported to South Korea within the framework of the VKFTA Agreement to adjust the tax rate to 0% for Vietnamese shrimp," said expert Kim Thu.
Despite facing many challenges in the past year, the Vietnamese shrimp industry has still been resilient in overcoming difficulties thanks to its efforts and determination, along with reasonable strategies. In the coming time, the shrimp industry needs to change its mindset: instead of focusing only on output and high technology, it needs to prioritize sustainability and efficiency, focusing on quality, environmental protection, health and product value.
Minh Thu
Source: https://doanhnghiepvn.vn/kinh-te/tao-dong-luc-de-nganh-tom-but-pha/20250115053215571
Comment (0)