China claims position as Vietnam biggest shrimp export market
In the fourth quarter of 2024, Vietnam’s shrimp exports to this market increased by 69 per cent, reaching a total value of $258 million.
2024 shrimp exports tipped to reach $4-4.2 billion
Exports to Japan and China are forecast to recover shortly.
Measures needed to help boost shrimp exports
Shrimp prices down 40% since April.
Shrimp processing facing material shortages
With exports of $2.3 billion in the first half of 2022, Vietnam’s shrimp industry is in a position to achieve its export target of $4 billion for the year as a whole. However, difficulties in shrimp farming and reduced production have resulted in shortages of materials at processing facilities.
Shrimp industry in need of support
Shrimp production, processing, export, and domestic consumption have faced many difficulties in recent times and shrimp processing facilities have had to curb their activities while shrimp purchasing has stalled. Experts and businesses recommend that localities create favorable conditions and promote shrimp purchasing until the next harvest.