The world shrimp market and Vietnam’s shrimp exportation since 1997

Abstract

In the world market, aquatic products are listed in the basic product group and demand for them always exceeds supply. Particularly, shrimp products are more and more popular in many nations with increasing demands. Shrimp is the most expensive product in the world market in aquatic products. Apart from potentials in rice production, Vietnam has advantages in marine-products especially shrimp products which are now step-by-step asserted their position in such big markets as EU, the US and Japan. However, despite such advantages, the production and exportation of seafood, especially shrimps in Vietnam are facing a number of difficulties and challenges that need to be addressed with different solutions. With diverse and updated statistics, the paper makes a quite comprehensive reference to the development trend of the world shrimp market and Vietnam’s shrimp exportation in the past few years both in terms of successes and outstanding problems, the main contents of which include:

1. Features and common trend of the world shrimp market in terms of its demand and supply, and the trend of shrimp export prices in the world market.
2. Vietnam’s shrimp exports to some major markets since 1997: exportation of Vietnam’s seafood and shrimps; including shrimp exports to such markets as Japan, the US and EU.

Economic Studies Vol.295(12) 2002 p.33-42