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Vietnam eyes bigger share in Australia’s shrimp market

on . Posted in News

VIET NAM: Vietnam, already one of the biggest seafood exporters to Australia, is aiming to expand its market down under with a major boost in shrimp shipments.

Australia imports 200,000 to 280,000 tons of seafood each year, which accounts for about 70 percent of the country’s demand. Vietnam is its fourth largest seafood supplier, after Thailand, China and New Zealand, with an 11.2 percent market share, according to the Vietnam Trade Office under the Vietnamese Embassy in Australia.

 

Statistics show that Vietnam’s seafood exports to Australia soared 84 percent to VND 1.6 billion in 2015, from VND 868 million in 2011.

The most important product is shrimp, which makes up about 60 percent of the total turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Vietnam’s tiger shrimp in particular is a favorite among Australian consumers, the industry group added.

Source: VN Express

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