Print This Page


February 20, 2016

Japan

Shrimp Imports in 2015

 

According to the World Trade Centre (ITC), in 2015, Japan imported 213.7 thousand metric tons of shrimp, valued at $2.3 billion, a drop of 4% in volume and 18% in value, compared to 2014.  Imports dropped because of difficult economic conditions in Japan, the devaluation of the yen and higher shrimp prices.

 

The average price of shrimp imported into Japan in 2015 dipped 14.5% to $10.6 per kilo.  Among the five main shrimp supplies to Japan, Vietnam’s shrimp reached the highest average level of $11.40 a kilo, while shrimp from China was the lowest.

 

According to ITC, in 2015, Vietnam was Japan’s largest shrimp supplier, accounting for 25% of its imports.  Thailand was second with 16.6%, Indonesia third with 16%, and India fourth with 13.3%.

 

Japan’s shrimp imports from Vietnam, Thailand and China fell both in volume and value, compared to 2014, while imports from Indonesia and India decreased in value but increased in volume.  Due to economic difficulties, Japan importers tended to source less expensive shrimp from India and Indonesia.

 

Japan’s Central Bank plans to stimulate the economy in 2016, so its shrimp imports should increase.

 

 

 

Source: Vietnam Association of Seafood Exporters and Producers’ (VASEP) Website.  Vietnam Shrimp Leading in Japan Market.  Ms. Kim Thu (Shrimp Market Specialist, email kimthu@gmail.com).  February 17, 2016.

Print This Page