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Demand for shrimp imports from the EU are expected to increase beginning 2016

Nhu cầu nhập khẩu tôm của EU dự kiến sẽ tăng từ đầu năm 2016

According to statistics of Vietnam Customs, the value of shrimp exports to the EU in 2015 reached 548.6 million, down 19.7% compared to 2014. The overall shrimp exports to the EU in 2015 decreased compared to 2014 due to economic difficulties, consumers tighten spending, the euro falling against the dollar makes European importers or reduce the amount of import or request lower prices

Compared with the same period in 2014, shrimp exports to the EU in 2015 the only positive growth in January, exports in the remaining months decreased to 31.8% the biggest decline for the month of May 8. Compared to year 2015, shrimp exports to this market reached the highest value in October with more than $ 63 million due to increased demand in service year-end festivities.

In the three main import markets of Vietnam's shrimp in the EU, in 2015, the UK was the only market recorded positive growth of 13.4% compared to 2014 due to increased market demand for warm water shrimp imports while supply coldwater shrimp and highly reduced. Vietnam shrimp exports to Germany and the Netherlands respectively 21.5% and 27.3% decrease.

According to UK retailers, retail sales warmwater shrimp over Christmas in 2015 increased for the second consecutive year to reach 28.1 million pounds; up 4.3% compared to 2014 and increased from 25.5 million pounds in 2013.

The value and volume of warm water prawns are sold in retail stores in 2015 UK recovery, up 7.5% to 220.5 million pounds in the 52 weeks ending on 01.02.2016 and 6.9 % 13 394 tonnes achieved.

2014, white shrimp accounted for 58% of total shrimp export value of Vietnam to Germany, while accounting for 34.7% of black tiger shrimp. First 9 months of 2015, the proportion of exports to Germany vannamei reached 73.5% while the proportion was 19.9% ​​prawn. This trend shows that white shrimp of Vietnam is increasingly popular in the German market. From 2011-2014, Germany has always led the EU to Vietnam shrimp imports. 2014, shrimp exports to this market accounted for 20.5% of total shrimp exports from Vietnam to the EU.

Vietnam has the advantage of value-added products. Vietnam can take advantage of this opportunity to increase market share in steamed shrimp, shrimp noodle and convenient food in Europe.

Do EURO depreciation, the EU does not import shrimp benefit from reduced shrimp prices. In early 2016, orders from European importers is expected to increase because they want to add to reserves.
Ecuador is the main competitor of Vietnam on the EU market. FTA between Ecuador and the EU is expected to take effect on May 10/2016. Accordingly, Ecuadorian shrimp import duty enjoy 0% for the quota of 40,000 tonnes (30,000 tonnes from earlier). EU's GSP Ecuadorian shrimp was extended until the FTA takes effect. Accordingly, the export of frozen shrimp, not cooked by Ecuador still enjoy 3.6% after tax rate quota of 20,000 tonnes (with a tax rate of 0%) is used up.

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THANH AN CO., LTD | Address: 12 Road 2, Song Than 1 Industrial Zone, Di An District, Binh Duong Province, Vietnam.| Tel: 84 650 742 198 | Fax: 84 650 742 197 | Email: contact@thanhanseafood.com