White-leg shrimp exports to RoK surge in first half

VOV.VN - Vietnamese shrimp exports to the Republic of Korea (RoK) during the first half of the year soared by 38% year on year to reach over US$231 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Most notably, white-leg shrimp and tiger prawn accounted for 86.7% and 3.1% of total Vietnamese shrimp exports to the RoK, respectively.

The export value of fresh and frozen white-leg shrimp to the RoK market saw the strongest growth with 51% against the same period from last year.

The average export price of frozen white-leg shrimp ranged between US$8.8 - 9.2 per kilo, while the export price of frozen tiger prawns hovered between US$7.9 - 15 per kilo.

Kim Thu, a VASEP expert, says the RoK remains Vietnam’s third largest white-leg shrimp export market behind the United States and Japan.

Some local enterprises which are heavily involved in the export of shrimp products to the RoK include Camau Seafood Processing and Service Joint-Stock Corporation (Cases), Minh Phu-Hau Giang, Nha Trang Seafoods - F17, and Ngoc Trinh Bac Lieu Seafood Co.Ltd.

Statistics compiled by the International Trade Centre (ITC) reveal that the RoK imported shrimp products worth over US$384 million in the Jan. – May period, representing a rise of 21% compared to last year’s corresponding period. It moved to increase shrimp imports from Vietnam and Canada, while decreasing imports from Thailand and Ecuador.

Vietnam remained the largest shrimp supplier to the RoK with an overwhelming market share of 45%, while other rivals such as Canada, China, and Ecuador made up a market share of 11%, 8%, and 7%, respectively.

Related

Shrimp, pangasius exports enjoy exceptional growth in China
Shrimp, pangasius exports enjoy exceptional growth in China

VOV.VN - Vietnamese tra fish (pangasius) and shrimp exports have recorded promising signs in the Chinese market, especially since China moved to ease its anti-pandemic rules, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Shrimp, pangasius exports enjoy exceptional growth in China

Shrimp, pangasius exports enjoy exceptional growth in China

VOV.VN - Vietnamese tra fish (pangasius) and shrimp exports have recorded promising signs in the Chinese market, especially since China moved to ease its anti-pandemic rules, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Local shrimp industry faces shortage of raw materials
Local shrimp industry faces shortage of raw materials

VOV.VN - A limited supply source of raw materials coupled with slowing market demand has been judged to be the main factor in the recent decline of Vietnamese shrimp export turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Local shrimp industry faces shortage of raw materials

Local shrimp industry faces shortage of raw materials

VOV.VN - A limited supply source of raw materials coupled with slowing market demand has been judged to be the main factor in the recent decline of Vietnamese shrimp export turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).