{"id":20722,"date":"2024-07-05T09:50:54","date_gmt":"2024-07-05T09:50:54","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=20722"},"modified":"2024-07-05T09:51:59","modified_gmt":"2024-07-05T09:51:59","slug":"vietnams-crab-exports-to-china-phenomenal-amid-eu-market-decline","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/07\/05\/vietnams-crab-exports-to-china-phenomenal-amid-eu-market-decline\/","title":{"rendered":"Vietnam\u2019s crab exports to China phenomenal amid EU market decline"},"content":{"rendered":"\n

In the first 5 months of 2024, Vietnam\u2019s crab exports<\/u><\/a> to China spiked by 502% <\/u><\/a>year-on-year (y-o-y). At the same time, shipments to the European Union (EU) plummeted due to origin restrictions.<\/p>\n\n\n\n

Data by the General Department of Vietnam Customs shows that China-bound crab shipments hit $41 million up to May 2024. In May alone, China gobbled up $11 million of the total crab exports from Vietnam, a 418% yearly rise.<\/p>\n\n\n\n

Vietnam\u2019s total crab export value in these five months reached $97 million, a 76% growth over the January-May 2023 tally.<\/p>\n\n\n\n

Driving the market other than China was the United States at 32% y-o-y growth rate. The United States promotes other agricultural produce from Vietnam, particularly pepper whose import share reached 26.6%<\/u><\/a> in the first half, 2024.<\/p>\n\n\n\n

U.S.\u2019 neighbor, Canada, also managed to record a Vietnam crab import growth rate of\u00a054% up to May, 2024.<\/p>\n\n\n\n

Japan, EU Lag Vietnam\u2019s Crab Exports<\/strong><\/strong><\/h3>\n\n\n\n

Dragging the export momentum were the EU and Japan, both of which saw shipment falls in April and May.<\/p>\n\n\n\n

In the EU context, however, yearly imports were also down by 58% from the corresponding January-May 2023 period. Geopolitical factors including the European Commission\u2019s \u201cyellow card\u201d over illegal fishing in Vietnam, contributed to the significant decline.<\/p>\n\n\n\n

For Japan, May 2024 crab imports from Vietnam declined by 9% month-on-month to over $6 million. This is even as yearly imports magically gained by 7% to $29 million.<\/u><\/a><\/p>\n\n\n\n

Japan has a refined taste in crabs and imposes strict demands, which some of the shippers from Vietnam cannot meet. <\/p>\n\n\n\n

China and Hong Kong<\/strong><\/strong><\/h3>\n\n\n\n

While Japan\u2019s exports are falling, Vietnam banks on China and Hong Kong, for 42% of its yearly shipments of seafood.<\/p>\n\n\n\n

The two markets have consistently seen three-digit growth in most of the first half of 2024. Before March, crab export turnover from China and Hong Kong witnessed 395%<\/u><\/a> growth over that of the corresponding Q1, 2023.<\/p>\n\n\n\n

The key driver of first quarter export hike is the Chinese Lunar New Year, which spikes seafood demand in the region.<\/p>\n\n\n\n

Thus, Vietnam\u2019s crab exports look onto future increments even though the peak season in spring has passed.  And as the data below reveals, sales of crabs in Vietnam mean much to the country\u2019s thriving seafood industry.<\/p>\n\n\n\n

Vietnam Crab Statistics <\/strong><\/strong><\/h2>\n\n\n\n

In 2021, Vietnam was the 6th<\/sup> biggest exporter of prepared or preserved crabs by volume and the 5th<\/sup> biggest by turnover. According to the World Bank, the volume reached 7,522.57 tonnes <\/u><\/a>while the turnover hit $143,957,890. However, Vietnam was not in the top 5 countries exporting fresh crabs, led by the United States at $24,800<\/u><\/a> in 2022.<\/p>\n\n\n\n

Where do crabs come from in Vietnam<\/strong>? <\/p>\n\n\n\n

Vietnam has a rich culture of crab fishing at sea, fields and deltas. Regarding deltas, Vietnam has\u00a049<\/u><\/a>\u00a0freshwater crab species, 42 of which are exclusive to the nation. When the fields on the Mekong Delta in the south become flooded around September, locals fish from these waters using special bamboo baskets. The crabs normally sell cheaply at between\u00a015,000 and 35,000<\/u><\/a>\u00a0VND () a kg. Other fishing spots are on the 3,000 km-long coastline, especially the contested South China Sea.\u00a0Kien Giang<\/u><\/a>\u00a0in the southwest of the country on the Gulf of Thailand is where blue swimming crabs are abundant.<\/p>\n\n\n\n

How high is crab and seafood consumption in Vietnam<\/strong>?\u00a0<\/p>\n\n\n\n

Crab and all seafood consumption in Vietnam reached 3,850,000 kg <\/u><\/a>of seafood or 29.56 kg per capita in 2020. Some 17.82 kg per capita of the yearly consumption was freshwater seafood and 7.41 kg <\/u><\/a>per capita was marine seafood.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the first 5 months of 2024, Vietnam\u2019s crab exports to China spiked by 502% year-on-year (y-o-y). At the same time, shipments to the European Union (EU) plummeted due to origin restrictions. Data by the General Department of Vietnam Customs shows that China-bound crab shipments hit $41 million up to May 2024. In May alone, China gobbled up $11…<\/p>\n","protected":false},"author":3,"featured_media":18988,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nVietnam\u2019s crab exports to China phenomenal amid EU market decline - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/07\/05\/vietnams-crab-exports-to-china-phenomenal-amid-eu-market-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vietnam\u2019s crab exports to China phenomenal amid EU market decline - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"In the first 5 months of 2024, Vietnam\u2019s crab exports to China spiked by 502% year-on-year (y-o-y). 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