Vietnamese shrimp compete well in the Australian market

In the first half of this year, shrimp exports to Australia reached US$88.7 million, up 81% over the same period last year. This is the market that recorded the best growth among the main shrimp import markets of Vietnam.

As a potential shrimp export market in the CPTPP market, in the past two years, the export value of shrimp (especially vannamei shrimp) to the Australian market has been positive. In the second quarter of 2021, there are 81 Vietnamese enterprises participating in exporting shrimp to this market.

Shrimp products exported to Australia in the first half of this year are also quite diverse, in which, mainly whiteleg shrimp and frozen black tiger shrimp (HS 03061721 and 03061722): frozen PDTO fresh white leg shrimp, shrimp Fresh white leg, peeled, head and tail removed, fresh, frozen PD black tiger shrimp, whole shrimp meat, and whole shrimp. In addition, Vietnam is also exporting dried shrimp products (HS code 03069530) to Australia…

According to the latest statistics of ITC, in the first 5 months of 2021, Vietnam, Thailand, China, Malaysia, and Brunei are the top 5 shrimp supplying markets for the Australian market, in which, Vietnam is the largest market. , accounting for 62% of the total value of imported shrimp. Next, Thailand ranked second, accounting for 16%, China ranked third, accounting for 10%.

According to ITC, in the first 5 months of this year, Australia’s shrimp imports from Vietnam increased by 93% while imports from Thailand and China decreased by 4% and 31% respectively.

Although the price of shrimp imported from Vietnam is still higher than that of rival countries from 1 to 2 USD/kg, Vietnamese shrimp are competing very well in this market.

Last year, Australia’s shrimp imports were affected by Covid-19, nationwide shrimp consumption dropped sharply due to the social distancing order. However, since the end of 2020 and the first half of this year, many importers, suppliers, and retail distribution channels have adapted to the epidemic to promote business activities again. Many sales methods are being changed in the direction of increased door-to-door delivery, priority for card payments, and physical distancing requirements for direct shoppers. For wholesale products can also be purchased from the system of stores, and restaurant chains, local seafood suppliers accept pre-orders.

Moreover, compared with some countries such as the US, India, and Europe, the Covid-19 epidemic situation in Australia is not too stressful, currently the vaccine is also being promoted by this country for people, so it is expected to export shrimp. to this market from now until the end of the year still growing well.

(Source: http://vasep.com.vn/)