VIETNAM IS JAPAN’S TOP SUPPLIER FOR FROZEN RAW SHRIMP

VIETNAM IS JAPAN’S TOP SUPPLIER FOR FROZEN RAW SHRIMP
 
(vasep.com.vn) Statistics from International Trade Center (ITC) showed that Vietnam remained the leading shrimp supplier to Japan. It was followed by Thailand, Indonesia and India, respectively. Shrimp imports into Japan from Vietnam in Jan-Oct 2015, however, reported the year-on-year slump in both volume and value.

 The source also revealed that in the first 10 months of 2015, shrimp imports into Japan reached 171,753 MT, down 3.7% year on year. In dollar terms, it was worth US$1.8 billion, down 17.8% year on year.

The decline in shrimp imports was attributable to yen devaluation and higher prices. As the yen depreciated, Japanese processors had to spend much more on a certain amount of imported shrimp. This resulted in higher prices for final products. However, due to the slowdown of the economy, consumers were not willing to spend more. 

Starting from May, Japan steadily increased shrimp imports. October reported the highest results comparing to all other month in the year. The demand gets higher along with the year-end holidays, therefore, imports are expected to be higher then. Seafood expenditure for Japanese household rose 10% year on year to JPY 160 per 100 grams.

Most shrimp Japan imported are frozen raw shrimp (HS code 030617) and processed shrimp (HS code 160521). Vietnam is Japan’s top supplier for frozen raw shrimp. Indonesia ranked the second.  

Top 6 shrimp suppliers to Japan, 2010 – 2015 (Value: US$ thousand)

Origin

2010

2011

2012

2013

2014

Jan- Oct 2015

Vietnam

2

2

2

1

1

1

Thailand

1

1

1

2

2

2

India

4

4

4

4

4

4

Indonesia

3

3

3

3

3

3

China

5

5

5

5

5

5

Argentina

12

8

6

6

6

6

 

Main shrimp suppliers to Japan  

Supply

Volume (MT)

Value (US$thousand)

Jan-Oct 2014

Jan-Oct 2015

Variations (%)

Jan-Oct 2014

Jan-Oct 2015

Variations (%)

The world

178,418

171,753

-3.7

2,243,117

1,843,719

-17.8

Vietnam

40,784

39,997

-1.9

566,182

462,294

-18.3

Thailand

29,395

29,422

0.1

362,843

312,834

-13.8

Indonesia

25,630

26,889

4.9

341,472

304,932

-10.7

India

25,548

25,601

0.2

303,944

248,797

-18.1

China

15,475

11,651

-24.7

158,857

106,188

-33.2

Argentina

10,381

9,839

-5.2

109,041

89,098

-18.3

Canada

4,860

4,755

-2.2

66,547

57,828

-13.1

Russia

5,654

5,245

-7.2

79,115

51,062

-35.5

Myanmar

4,788

3,931