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(vasep.com.vn) In 2014, a stronger US dollar against other currencies, along with economic recovery helped boost shrimp imports.

In the first 11 months of 2014, Vietnam shrimp imports to the US increased by 47.15% by value and 28.7% by volume. These are the highest growth rates in top 5 shrimp supplier to the US. 

US shrimp imports remained strong even when shrimp prices were high and domestic consumption is very huge. Rabobank report stated that in 2014 US shrimp imports increased over expectations.

India

With big harvests with reasonable prices of whiteleg shrimp, India maintained its leading position in providing shrimp to the US in 2014, although shrimp imports from Vietnam, Indonesia and Ecuador surged.

From January to November  2014, India earned US$ 1.49 billion from shrimp exports to the US, up 40% year-on-year. US shrimp imports from India reached 99,655 MT, up 16% from 2013. This almost doubled of that from Thailand, which stayed at 56,562 MT.  It is noted that Thailand accounted for 1/4 of the total shrimp supply to the US in previous years.

India is the top provider of  HLSO size 46/55 shrimp to the US, while Indonesia and Vietnam are two main suppliers for frozen peeled shrimp.

Indonesia

US shrimp imports from Indonesia increased by 27.3% by volume and 49% by value in the first 11 months of 2014. Indonesia, therefore, is forecasted to surpass India to be the top shrimp supplier to the US. In Indonesia, aquaculture is attracting great attention and investment from the government. Shrimp production expanded rapidly and there is no anti-dumping duty on Indonesia shrimps exported to the US.

Vietnam

In September 2014, Vietnam shrimp exports began to decline with negative growth until November. This was caused by the final results of anti-dumping duty and a decline in demand and price of whiteleg shrimp in the US.

As increases in the first months of the year covered the decline, shrimp exports to the US by the end of November upped 28.3% year on year. Shrimp export value reached over US$ 1 billion.

US shrimp imports (Unit: US$ thousands)

Source: USDA

Origin

Jan-Nov/2013

Jan-Nov /2014

Changes (%)

Thailand

809,408

713,741

11.82

Indonesia

812,857

1,212,842

49.21

Vietnam

636,868

937,132

47.15

Ecuador

597,349

841,427

40.86

India

928,640

1,269,079

36.66

Mexico

234,047

260,343

11.24

China

203,106

253,751

12.95

Other

508,404

646,013

27.07

Total

4,730,679

6,134,329

29.67

 

US shrimp imports (Unit: thousand pounds)

Source: USDA

Origin

Jan-Nov/2013

Jan-Nov /2014

Changes (%)

Thailand

169,743

124,588

-26.60

Indonesia

163,630

208,340

27.32

Ecuador

152,003

187,899

23.62

Vietnam

117,667

151,483

28.74

India

189,155

219,505

16.04

China

63,092

66,426

5.28

 Mexico

36,824

38,919

5.69

Other

127,432

146,736

15.15

Total

1,019,546

1,143,896

12.20

Source:

Thu Trang