Australia increases imports of Vietnamese shrimp
VOV.VN - Australia increased its imports of Vietnamese shrimp products during the first half of the year, while simultaneously decreasing its imports from Thailand and China, according to details released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
The latest statistics compiled by the International Trade Center (ITC) indicate that Australia’s shrimp imports during the opening five months of the year surged by 40% to US$127 million compared to the same period from last year.
In line with this, Australian imports of Vietnamese shrimp throughout the reviewed period soared by 93% to reach US$79 million, while imports from the Thai and Chinese markets dropped by 4% and 31%, respectively.
Most notably, Vietnam, Thailand, China, Malaysia, and Brunei remain the five largest shrimp suppliers to the Australian market, of which the nation took the lead with its market share accounting for 62% of total imports, despite having a higher price compared to its regional peers.
Furthermore, Thailand and China ranked second and third with market shares reaching 16% and 10%, respectively.
The Oceania nation represents a potential shrimp export market in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc.
Over the past two years, the export value of Vietnamese shrimp being exported to the Australian market has witnessed robust growth.
Moreover, the second quarter of the year saw 81 Vietnamese enterprises participate in exporting shrimp to the demanding market, of which Minh Phu Seafood Corporation led the way as the largest exporter.
There were a diverse range of shrimp exports to the Australian market in the first half of the year, with white-leg shrimp and frozen black tiger shrimp making up the largest proportion.
