Vietnam's shrimp exports, which grew in the first half of 2024, are now facing stiff competition from other major producers like Ecuador and India in key markets such as the U.S. and EU[1][3][4][5].
Besides price competition, Vietnamese shrimps are also grappling with disease outbreaks, putting additional pressure on the industry[3][4]. It is forecast that by the end of the year, Vietnam's shrimp exports to China and Hong Kong will be under pressure on price as well[2].
Citations:
[1] https://latitudes.nu/news-data/vietnams-shrimp-exports-face-global-competition/
[2] https://borneobulletin.com.bn/vietnams-shrimp-exports-face-global-competition/
[3] https://english.news.cn/20240729/b0b1d13d222b46b5847685cb42fecec1/c.html
[4] http://www.china.org.cn/world/Off_the_Wire/2024-07/29/content_117337026.htm
[5] https://antidumping.vn/vietnams-shrimp-export-rises-in-h1-but-still-faces-competition-n27595.html