China accelerates shrimp purchases from Vietnam, Taiwan market also favors Vietnamese shrimp seeds

Shrimp exports continue to grow strongly

According to the report of the Vietnam Association of Seafood Exporters and Producers (VASEP), in August 2024, Vietnam's shrimp exports reached 404 million USD, up 20% compared to August 2023. Shrimp exports in August continued to record the highest value since the beginning of the year and recorded the best growth since February this year. In the first 8 months of 2024, shrimp export turnover reached more than 2.4 billion USD, up 10% over the same period last year.

In August this year, shrimp exports continued to record double-digit growth in most major consumption markets such as the US, China, and EU.

Reduced inventories and the need to import goods for the year-end holidays have led to increased shrimp imports in markets. In addition, raw shrimp prices from producing countries around the world as well as Vietnam have tended to increase, positively impacting shrimp export prices.

In the first 8 months of 2024, shrimp export turnover reached more than 2.4 billion USD, up 10% over the same period last year. Photo: TL

For the US market, Vietnam's shrimp exports to the US increased by 21% to 91 million USD in August. In the first 8 months, shrimp exports to this market reached 482 million USD, up 7% over the same period last year.

For the Chinese and Hong Kong markets, Vietnam's shrimp exports to these markets continued to recover in August with double-digit growth compared to the same period last year. In the first 8 months, shrimp exports to these markets reached 477 million USD, up 21% compared to the same period last year.

Vietnam’s shrimp exports to China have increased again thanks to increased import demand from this market. According to China Customs, in the first 7 months of this year, the amount of frozen warm-water shrimp imported into China decreased by 11% in volume and 23% in value compared to the same period last year to 529,116 tons, equivalent to 2.5 billion USD. The economic situation in China is not very positive, reducing consumer purchasing power. However, the Mid-Autumn Festival and National Day holidays in China are expected to boost shrimp consumption there.

Taiwanese market has demand for shrimp seeds from Vietnam

2.5 million Mebi One shrimp larvae have been exported to the Taiwanese market, marking a major step forward in Vietnam's shrimp seed production industry.

It is known that on September 23, Kim Hoang Quang Nam Aquatic Breeding Joint Stock Company held a handover ceremony of a shipment of 2.5 million Mebi One shrimp seeds to partner YONG SING SEAFOODS CO.,LTD for export to the Taiwanese market.

The Taiwanese market has a huge demand for shrimp seeds from Vietnamese businesses.

After more than 1 year of practical verification at shrimp farms in Taiwan, Vietnamese shrimp larvae have met the development criteria and expectations of farm owners. On that basis, Kim Hoang Quang Nam Joint Stock Company and its partners have reached an agreement and officially signed a commercial cooperation agreement to develop Mebi One shrimp larvae in the Taiwanese market.

In the first order, 2.5 million "made in Vietnam" shrimp seeds worth 11,000 USD will be sent to the Taiwanese market, and in the following years, the company's shrimp seed export value to this market can reach 300,000 USD.

The shrimp seed of Kim Hoang Quang Nam Aquatic Seed Joint Stock Company is produced according to an advanced, modern and closed process on an area of ​​8.5 hectares in Binh Nam commune, Thang Binh district, Quang Nam province, including 4.5 hectares for building a shrimp seed production facility, 4 hectares for building auxiliary works and an experimental area, and technology transfer.

A batch of "made in Vietnam" shrimp seeds boarded a plane to the Taiwanese market, marking a new step forward in the Vietnamese shrimp seed production industry. Photo: PH

In which, the shrimp seed production area with an annual capacity of 5 billion post larvae, synchronous investment infrastructure includes an operating area, original algae culture area, Artemia production and related areas to serve high-tech shrimp seed production.

Mr. Huynh Cong Tuan, Chairman of the Board of Directors of Kim Hoang Company, shared: "The cooperation with YONG SING SEAFOODS CO., LTD to export Mebi One shrimp larvae to the Taiwanese market is the first step for us to affirm the value and introduce high-quality Vietnamese shrimp larvae to Taiwanese shrimp farmers and open up more cooperation opportunities in the future."

Source: https://danviet.vn/trung-quoc-tang-toc-mua-tom-tu-viet-nam-thi-truong-dai-loan-cung-ua-chuong-tom-giong-viet-20240923153415036.htm