SHRIMP EXPORT TO THE US EXPECTED TO RISE

Market news 30 Jul 2017

Shrimp export to the US is expected to rise in the end of this year due to results of POR9 and TPP agreement.

In March 2015, DOC has announced preliminary results of the ninth anti-dumping duty administrative review on frozen shrimp imported from Viet Nam. The period of review (POR) is from 1 February 2013 to 31 January 2014. For this result, the DOC has imposed an average anti-dumping duty of 0.93 per cent. It is also much lower than final result of POR8, which was 6.37 per cent. If this remained unchanged in the final results, Vietnamese shrimp export to the US will become more advantageous.

Also, the signing of The Trans-Pacific Partnership (TPP) will open chances and create more advantages for Vietnamese shrimp exporter to export to the market.

According to the US National Marine Fisheries Service (NMFS), in the first half of 2015, the volume of US shrimp imports reached 268,402 tons, up 8% from 248,236 tons in the same period last year. The value of imports decreased significantly (14.7 %), from 3.05 billion in the first 6 months of 2014 to 2.6 billion in the same period this year. The average import price was down 21%, from $ 12.28 / kg last year to $ 9.68 / kg this year. In June 2015, the imports volume reached 8,531 tons, valued at US$59.5 million.

This increase in shrimp import volume was attributable to the recovery in shrimp production from shrimp producers after suffering from EMS. Thailand exported 31,152 tons of shrimp to the US, up 18% over the same period last year. India shrimp export to the US also increased from 40, 666 tons in the first half of 2014 to 55,617 tons in the same period this year while that from Indonesia increased from 47, 918 tons of in the first half of 2014 to 59, 009 tons in the same period this year.

According to VASEP, shrimp export to the US is expected to rise in the end of this year since the demand of shrimp in this market is higher, coupled with the lower in anti-dumping duty. However, the growth rate is not high as Vietnamese shrimp exporters are competing with other suppliers.

Khanh Nga
tongcucthuysan.gov.vn

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