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EU an Attractive Market for Vietnamese Shrimp Producers

05 September 2013

VIET NAM - Recovering economies in the EU are good news for Vietnamese shrimp producers who are subject to an anti-dumping duty and a countervailing duty rate of 4.52 per cent from the US Department of Commerce (DOC).

In 2012, Viet Nam’s shrimp exports to the region reported continuous dive from the early year until late April 2013 due to low demand caused by regional economic downturn. Since May 2013, Viet Nam’s shrimp exports to EU started to recover with the monthly growth of 12.5 per cent, reports VASEP.

In the first seven months of 2013, shrimp shipment to EU registered over US$176.3 million, up 2.1 per cent from the same period last year.

Among EU block, the UK and France are two out of three largest importers of Viet Nam shrimp. These two markets have reported positive growth in shrimp imports from Viet Nam since the early 2013. In which, Viet Nam shrimp exports to the UK advanced continuously with the growth of 46 per cent per month; shrimp exports to France also reported the growth of 83.2 per cent in one month on par with the same period last year.

Despite continuous decline in shrimp exports to Germany in recent months, the market remains the leading position in shrimp imports from Viet Nam. In July 2013, shrimp shipment to Germany surged two per cent compared to that of July 2012. In Jan-Jul 2013, shrimp exports to the market reached over US$42 million.

France - a potential market

According to Viet Nam Customs, in Jan-Jul 2013, Viet Nam exported over US$29.6 million of shrimp to France. The figure represented an increase of nearly 40 per cent from the same period of 2012 in which black tiger shrimp accounted for 41 per cent of Viet Nam’s total shrimp exports to the market.

According to Globefish’s report, among EU block, France and Italy are two among leading shrimp importers that increased shrimp imports in 2013. In Jan-Mar 2013, shrimp imports into France were up one per cent from the same period of 2012 and imports from its main origins (except Thailand) reported a slight rise.

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