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Seafood exports to Spain maintain steady growth

18/10/2021

Shrimp exports to Spain have achieved strong growth in recent months, making seafood export turnover to this market maintain its growth momentum during a difficult period because of Covid-19

As of the end of September 2021, Vietnam's seafood exports to Spain reached USD 52.3 million, an increase of 15.4% over the same period last year. In terms of single market, Spain ranks 22nd among Vietnam's seafood import markets.

Seafood exports to Spain in recent months maintained positive growth thanks to clams, white leg shrimp, black tiger shrimp, squid, octopus, surimi.

Clams account for the largest proportion in the structure of aquatic products exported to Spain, accounting for 34% of the value. In September, clam exports to this market continued to increase by 6%, bringing the export result in the first 9 months of the year to nearly USD 18 million, an increase of 38%.

Vannamei shrimp exports to Spain also increased sharply by 22% in September and accumulated over nine months of 2021 with an increase of 54% to nearly USD 2.9 million.

Notably, the export of black tiger shrimp to this market in September increased by nearly 4 times compared to the same period last year and as of the end of September, the export of black tiger shrimp increased by 2.5 times compared to the same period in 2020. Currently, Vietnam exports are mainly fresh and frozen whole black tiger shrimps to the Spanish market, with an average price of about USD 11/kg.

Shrimp products account for 9.3% of seafood export turnover to Spain, after clams, tuna and pangasius.

According to the Vietnam Association of Seafood Exporters and Producers, seafood exports are still affected by the result that pangasius continued to decline deeply by 36% in September and 27% in the first nine months of this year reaching over USD 8 million. Pangasius accounts for more than 15% of seafood exports to Spain. In addition, tuna exports also decreased slightly by 2.2% in September, but accumulated over 9 months still maintained the growth rate of 13%, reaching over USD 15 million.

It is forecast that from now until the end of 2021, Spain will continue to be a bright spot thanks to stronger export growth from shrimp, clams, and tuna for Christmas and New Year needs. Seafood exports to Spain in the fourth quarter of 2021 will increase by 13% to about USD 21 million, bringing the export result for the whole year 2021 to USD 73 million, an increase of 15% compared to 2020.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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