In a 5-year period (2015-2019), Vietnam’s shrimp industry has achieved positive results in production and export. Shrimp farming area increased by an average of 1.4% per year, while production increased by an average of 5.7%, mainly due to improved vannamei shrimp productivity. The production of whiteleg shrimp increased continuously and increased sharply by nearly 41% after 5 years with an average increase of 9% per year. Meanwhile, black tiger shrimp production increased by an average of 1.2% and only increased by 3.1% after 5 years, productivity did not change significantly compared to whiteleg shrimp.
Shrimp exports in the past 5 years achieved an average annual growth of 4%, an unstable year-on-year growth. After 5 years, vannamei exports are becoming more and more dominant in shrimp products for export thanks to strong growth.
Frozen shrimp products still account for a large proportion of Vietnam’s total shrimp exports. Processed shrimp only accounts for a significant proportion in some major markets (USA, EU, Japan). The proportion of processed shrimp is the highest in the US.
Vietnam’s top 6 shrimp import markets including the EU, US, Japan, China and South Korea accounted for 81-85% of the total import value in the last 5 years.
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