Japanese fell to a minimum of six years and Vietnam became its largest shrimp supplier with an export volume of 39,000 tons.
In September, the price of shrimp imported into Japan fell to a minimum of six years, putting pressure on shrimp producers in ASEAN countries (Vietnam, Thailand, etc.), which accounted for two-thirds of Japanese shrimp imports .
According to the latest data from the International Trade Center (ITC), Japan imported 19,000 tons of shrimp products in September, an increase of 12% over the same period last year.
Despite the increase in volume, imports fell 2% during the same period. The price drop was due to an excellent harvest in Vietnam this year and the countries of Southeast Asia (Ecuador) had problems with China's exports from August to September, while imports from Japan, the main market in the region, They were weak.
In the first nine months of this year, Japan imported 144,000 tons of shrimp, an increase of only 1.2% over the same period last year. The decrease in the value of imports caused the value of Japanese imports to be reduced by 3.3% to $ 1.47 billion.
The Japanese market is crucial for ASEAN value-added shrimp producers. In 2018, Japan imported 139,000 tons of shrimp from ASEAN countries, valued at 1.46 trillion dollars, representing 67% of the total and value of Japanese shrimp imports.
From January to September, Vietnam was the largest shrimp supplier in Japan with an import volume of 39,000 tons. According to ITC, Thailand is its second largest supplier of 260 million tons. Outside the ASEAN region, India is Japan's largest supplier with 25,000 tons.
From January to September of this year, importers imported shrimp from Vietnam at $ 10.64 per kilogram (in-depth processed products). In contrast, as the fastest growing importer of shrimp in the world, China's import price is between US $ 5.5 and 6.5 per kilogram. US dollars, because China prefers to import raw or semi-processed shrimp (whole shrimp).
Imports from Japan fell from 260,000 tons in 2012 to 207,000 tons in 2018, a 21% drop. The decline in imports was due to the fact that the outbreak of premature death syndrome caused a half-reduction in production due to Thailand, the largest supplier at that time.
In 2012, Japan imported 80,000 tons of shrimp from Thailand, and in 2018 only 38,000 tons, a 52% drop. Since then, imports from Japan from Thailand have been relatively stable, and imports from Vietnam and Indonesia have been relatively stable.
Source: Frozen Raiders