Headway JSC Saw Increase In Export Shrimp Output In 2023

(Headway knows that the US as the leading market for shrimp export in 2023 - Source: internet)

According to Headway statistics, accumulated in the first 11 months of 2023, the total global shrimp export volume reached 16,725 tons, down 5.3% over the same period last year. Compared to the beginning of the year, Headway output may go up from the second half of 2023, especially in July, increasing sharply from 1,499 tons to 2,192 tons.

According to Vasep, in the first 11 months of the year, Vietnam's shrimp exports reached USD 3.1 billion, down 23% over the same period last year. At the same time, Vietnam is also the top shrimp exporter to the US. Specifically, in October 2023, shrimp output exported to the US reached 6,702 tons, an increase of 33.5% over the same period last year. It is an impressive number for growth expectations.

(The chart shows the value of Headway's shrimp export output in 2022 and 2023 - Unit: tons)

In the context of a global recession and persistent inflation, Vietnam's seafood industry, as well as export shrimp output, encounters significant challenges. The demand decreased, and many suppliers offered lower prices, causing great pressure on prices, and consumption decreased sharply in traditional markets such as China, Japan, Korea.

(Share of main shrimp export markets, Headway statistics in 2023)

Based on Headway's market segmentation report in 2023, the US and European countries are dominating compared to most countries in Asia and the Middle East. In the ranking, the US market leads with 8,415 tons of shrimp imported from Vietnam, accounting for 50% market share compared to the remaining countries, followed by the EU, Japan and U.A.E markets.

In 2023, Headway has successfully implemented "freezing - exported shrimp" channels to major cities and states in the United States such as Los Angeles, New York, Chicago, Houston, Jacksonville, Baltimore, Boston, Seattle, Long Beach, Miami, Norfolk, Savannah, Oakland, Lithia Springs, etc.

Headway meets the needs for diverse refrigerated cargo services to the US market with competitive costs and flexible time, depending on direct shipping routes or through transshipment ports. In addition, we wish to accompany Vietnamese seafood businesses, help them realize their export dreams, connect the global routes, and hope for a strong economic recovery and development.