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December 9, 2015

Japan

Where Does Japan Get Its Shrimp?

 

   

 

During the first ten months of 2015, statistics from the International Trade Center (ITC) show that Vietnam was the leading shrimp supplier to Japan, followed by Thailand, Indonesia and India, respectively.

 

Through October 2015, Japan imported 171,753 metric tons of shrimp, down 3.7% from the first ten months of 2014.  In dollar terms, shrimp imports were $1.8 billion, down 17.8%.

 

The decline in shrimp imports was attributed to weakness in the yen, which made imports more expensive.  As the yen depreciated, Japanese importers had to pay more and more for equivalent amounts of shrimp, resulting in higher prices for consumer products.

 

Nonetheless, beginning in May 2015, Japan steadily increased its shrimp imports, which reached their highest levels in October (the last month for which data is available).  Japan’s shrimp imports will most likely continue increasing through the year-end holidays.

 

 

Source: Vietnam Association of Seafood Exporters and Producers’ (VASEP) Website.  Vietnam Is Japan’s Top Supplier for Frozen Raw Shrimp.  Ms. Kim Thu (Shrimp Market Specialist, email kimthu@gmail.com).  December 9, 2015.

 

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