Black tiger shrimp exports to Spain enjoy robust growth

27-Oct-2021 Intellasia | VOV | 5:02 AM Print This Post

Vietnamese black tiger shrimp exports to the Spanish market witnessed vigorous growth during the past nine months, according to figures released by the Vietnam Association of Seafood Exporters and Producers (VASEP).

Most notably, black tiger shrimp exports to Spain in September alone saw a four-fold increase against the same period from last year, thereby causing the nine-month exports of the product to the demanding market to witness a 2.5 fold rise on-year.

Currently, the nation mainly exports fresh and frozen black tiger shrimp to the European country, with the average price export price in the market hovering at approximately $11 per kilo.

Furthermore, white-leg shrimp exports to Spain skyrocketed by an annual sum of 54 percent to hit roughly $2.9 million during the reviewed period.

Moreover, clam exports to the Spanish market also saw an increase of 38 percent to reach $18 million, with this product being the leading Vietnamese seafood export item to Spain and accounting for 34 percent of the total export value to this market.

Local seafood exports to Spain during nine-month period rose by 15.4 percent to reach $52.3 million compared to the same period from last year.

At present, the European nation ranks 22nd among Vietnamese seafood importers, accounting for 1 percent of total export turnover in the reviewed period.

Moving forward, seafood exports to Spain are projected to represent bright spots in the Vietnamese aquatic sector due to the increasing demand on occasions such as Christmas and New Year.

The VASEP therefore forecasts that seafood exports to Spain ahead in the fourth quarter of the year will expand by 13 percent to about $21 million, bringing the export turnover this year to $73 million, an increase of 15 percent compared to 2020.


Category: Economy, Vietnam

Print This Post

Leave a Reply

You must be logged in to post a comment.