20% of Australian seafood imported from Vietnam
(VOV) - Vietnam is the third largest supplier of seafood to Australia, after New Zealand and China.
According to the Vietnamese Trade Office in Australia, the country imports more than 200,000 tonnes of seafood worth US$1 billion annually.
Its demand is set to increase in the future, creating huge opportunity for Vietnamese seafood products.
Large volumes of shrimp are consumed in Australia, with over 50,000 tonnes every year. More and more Australians are choosing frozen shrimp imported from Thailand and Vietnam due to cheap prices and improved quality.
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Last year, Vietnam’s shrimp exports to the country rose by 27.5% fetching over US$128 million. Australia is the sixth largest consumer of Vietnamese shrimp, after the US, Japan, the EU, China and the Republic of Korea.
As Australia imposes strict regulations on food hygiene and safety, Vietnamese businesses are advised to ship high quality products with clear origin if they want to break into this demanding market.
In addition, Vietnamese suppliers are encouraged to make fact-finding tours of Australia to better understand local consumers’ taste and devise proper solutions for the retail and wholesale systems there.