Frozen Shrimp Exports Strive Amid Crisis

The Fish Site
by The Fish Site
4 January 2010, at 12:00am

VIET NAM - Frozen shrimp brought in over US$1.5 billion in 2009 and became the only seafood export staple that still managed to grow amid decreasing demands in the world due to the global crisis within the year, Viet Nam News Agency (VNA) reported.

According to the Viet Nam Association of Seafood Exporters and Producers (VASEP), the quantity of shrimp export this year is close to 190,000 tonnes, up 7 per cent in volume and 1 per cent in value.

Prawns remained the major staple among various types of exported shrimp, contributing over 75 per cent of the total revenue from seafood, according to White-leg shrimp, however, has gradually become an important export staple. In 2009, Vietnam exported around 50,000 tonnes of white-leg shrimp, earning US$300 million.

VASEP General Secretary Truong Dinh Hoe said Viet Nam expects to gain US$1.4 billion next year from seafood exports, of which prawns will remain the major export staple.

Export volume of white-leg shrimp is expected to triple to 150,000 tonnes next year, earning around US$500 million.

Vietnamese shrimps have entered 82 markets in the world, of which ten leading importers account for over 80 percent of the export turnover, including Japan, the US, the Republic of Korea, Taiwan, China, Germany, Australia, Canada, the UK and Belgium.

Mr Hoe said Vietnamese shrimps exported to Japan are set to enjoy zero per cent duty in the coming time and this would bring more opportunities to gain market share for local exporters.