MEKSEA.COM – Shrimp exports in 11 months of 2024 reached nearly 3.6 billion USD, an impressive growth of 22%.

Vietnam’s shrimp exports in the first 11 months of 2024 reached nearly 3.6 billion USD, up 22% over the same period last year. Major consuming markets all recorded double-digit growth, affirming the shrimp industry’s solid position in the international market.

US market – A bright spot in shrimp exports in November 2024

In November 2024, the value of shrimp exports to the US reached more than 55 million USD, up 9% over the same period last year. In the 11 months, shrimp exports to this market reached 702 million USD, up 10%. Wholesale shrimp prices in the US recorded strong growth in the second week of December, which was attributed to concerns about increased shipping costs and supply chain pressures. Consumer demand during the holiday season in the US is expected to improve, contributing to creating momentum for shrimp exporting businesses.

Added value from processed products and export shrimp price advantage

Export shrimp prices, especially whiteleg shrimp, are on an upward trend, bringing better profits to businesses. At the same time, domestic shrimp raw material prices are also maintained at a positive level, creating favorable conditions for production and export activities.

Value-added processed shrimp products are growing strongly. Showing the right direction of businesses in meeting high-end consumer demand and increasing commercial value.

Challenges and sustainable direction for Vietnam’s shrimp industry

Despite encouraging achievements, Vietnam’s shrimp industry still faces many challenges. To compete in the international market, businesses need to improve product quality and reduce production costs. Improve management of important stages such as seed quarantine, disease management, farming density, and market demand forecasting. Increase production according to the value chain associated with international standards and increase income for shrimp farmers.

Shrimp farmers also need to change their mindset, focusing on sustainable and effective development instead of just chasing output. The trend of environmentally friendly high-tech shrimp farming, and  applying biotechnology will be the key for the shrimp industry to adapt to climate change and meet the strict requirements of import markets.

Vietnam needs to continue to promote quality improvement, invest in technology, and promote sustainable solutions to maintain growth momentum in shrimp exports. This is not only a strategic step to affirm the country’s position but also helps the shrimp industry develop sustainably and effectively in the long term.

Meksea brings you our list of best-selling shrimp products this week.

About us

Mekong Seafood Connection (MEKSEA) was established in 2010 with the vision of elevating Vietnamese seafood—one of the world’s richest sources—to global recognition for its variety and quality among consumers.

We believe that to successfully showcase Vietnamese seafood on the world stage, it is essential to harness the strengths of capable producers who meet international standards. Alongside this, we are committed to rigorous quality control and sustainable practices. Moreover, we continuously strive to enhance our services, ensuring that customers can have complete peace of mind and trust in every order they place with us.

Kindly please visit Meksea website to explore our shrimp products: https://mekseaconnection.com/product-category/shrimp/

Meksea always pays particular attention to product quality to secure each consumer’s family member’s health and set their mind at rest by bringing in true quality seafood products.

Are you looking for shrimp products for your sales plan for 2025? Contact Meksea right now for the best offers.

By Orange (Meksea Team)

(Reference: nguoinuoitom)

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