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REPORT ON VIETNAM SEAFOOD EXPORT QI/2012
Update: 04/05/2012 10:29 AM

Companion with Seafood Enterprises - published on 15/05/2012

           REPORT ON VIETNAM SEAFOOD EXPORT OUTLINE – QUARTER I/2012

 DOWNLOAD THE REPORT HERE

CHAPTER I: FISHERIES INDUSTRY OVERVIEW

I.   FISHERIES PRODUCTION AND EXPORT IN THE QUARTER I/2012

In the first quarter of 2012, Vietnam seafood export reached total value of US$1.324 billion, a 15.3 percent rise compared to the same period of 2011. This period, challenges in supply of raw materials still dominated national export-driven seafood industry. Additionally, local seafood processors had to face a large range of rising costs, as well as challenges from importing markets.

Generally, it is likely to see 9 highlights in Vietnam seafood industry in the first three months:

1.  Lack of raw material

2. Serious lack of capital, negative impact on production

3. Higher production cost and weak competitiveness due to inappropriate policies

4. Numbers of seafood exporters down 40 percent

5. Export to the EU slowing down due to regional financial downturn

6.  Pangasius companies boosting export to the U.S

7. Increase trend in export to Asian markets

8. Australia recording the highest growth of 42.3 percent

9. Rise in raw material import

II. FORECAST ON SEAFOOD PRODUCTION AND EXPORT IN Q.II/2012

  1. Production: Scarcity of raw material is going on in QII.
  2. Export: It is forecasted that seafood exports in QII will show a slight increase of 2 – 3 percent from that of the same period of 2011. The growth in seafood exports will slow down over the corresponding period last year.

CHAPTER II: SHRIMP EXPORTS

I.  SHRIMP PRODUCTION AND EXPORTS IN THE QUARTER I/2012

In the first quarter of 2012, Vietnam shrimp exports touched over US$436 million, representing a modest growth of 9.3 percent from that of the same period of 2011. Plague on shrimp tended to spread, shrimp price on the global markets sank, import demand from Japan, the U.S., and EU was unstable, there were a lot of unfavorable policies which hampered shrimp exports in QI/2012. Thanks to the shift in exports to Asian markets, shrimp shipment in the last three months remained a positive but modest growth.

2.  Epidemic on shrimp spreaded out

3.  Shrimp price in the global market sank

4.  Affect of unfavourable policies

5.  Instability in shrimp exports to EU, Japan and the U.S

6.  Shrimp exports to Asia and Australia rose sharply

II. FORECAST ON SHRIMP PRODUCTION AND EXPORTS IN QII/2012

  1. Production: Black tiger shrimp price is expected to rise sharply and whiteleg shrimp exports continue to show its strengths
  2. Exports: Shrimp shipment to Asian market continues to surge

 

CHAPTER III: PANGASIUS EXPORT

I.   PANGASIUS PRODUCTION AND EXPORT IN THE QUARTER I/2012

In the first quarter of 2012, Vietnam exported 1661.202 MT of pangasius for a total of US$425 million, up 5.3 percent in volume and 13 percent in value compared to the same quarter of 2011. However, the result is not reflection of development trend of pangasius industry because growth in fish export value does not mean high profit earned by exporters.

In general, pangasius production and export in the first quarter of 2012 has eight main points:

1. Prices of raw material and pangasius fingerlings favorable to fish farmers

2. Difficulties in credit access and high bank loan rate payment

3. Drop of 20 percent in proportion of seafood exported to EU

4. Spanish market’s recovery

5. Slowing down export to Brazil, but higher market share in Q.I/2012

6. Pangasius export to the U.S. up from 14.6 percent in Q.I/2011 to 19.3 percent in Q.I/2012

7. Mexico becoming the third single market of Vietnam pangasius

8. Drop in pangasius shipment to Russia due to government measures to cut import and enhance domestic consumption

II. FORECAST FOR PANGASIUS PRODUCTION AND EXPORT IN Q.II/2012

  1. Production: pangasius processors still face lack of raw material due to shortage of capital
  2. Exports: Pangasius delivery to EU slows down

CHAPTER IV: MARINE PRODUCTS EXPORTS

I.      PRODUCTION AND EXPORTS OF MARINE PRODUCTS IN QI/2012

10 basic analysis on production and exports of marine product in QI/2012

  1. Catch landings rose but couldnot meet raw material demand for processing and exporting
  2. Fishermen and processors of marine products lack capital
  3. Marine product enterprises subjected to many irrational costs
  4. Marine product imports increased
  5. The export proportion of bivalve mollusk and swimming crab reduced, that of tuna and other finfish rose
  6. Exports of processed marine products increased (HS code 16)
  7. The number of importers reduced
  8. Tuna exports to the U.S. reduced moderately but to EU rose
  9. Lack of raw material led to reduction in octopus export proportion
  10. Bivalve mollusk exports continued to reduce

I.      FORECAST ON PRODUCTION AND EXPORTS OF MARINE PRODUCTS IN THE QUARTER II/2012

  1. Production: Marine product exporters still speed up importing raw material for processing and exporting.
  2. Exports: Demand for tuna in the U.S. market is still high while EU market witnesses a decrease.

 

Index

1.    VIETNAM SEAFOOD EXPORT, JAN – MAR 2012

2.    VIETNAM SEAFOOD EXPORT TO MARKETS, JAN – MAR 2012

3.    VIETNAM SEAFOOD EXPORTERS, JAN – MAR 2012

4.    VIETNAM SHRIMP EXPORT, JAN – MAR 2012

5.    VIETNAM SHRIMP EXPORT TO MARKETS, JAN – MAR 2012

6.    VIETNAM PANGASIUS EXPORT, JAN – MAR 2012

7.    VIETNAM PANGASIUS EXPORT TO MARKETS, JAN – MAR 2012

8.    VIETNAM TUNA EXPORT, JAN – MAR 2012

9.    VIETNAM TUNA EXPORT TO MARKETS, JAN – MAR 2012

10.  VIETNAM CEPHALOPOD EXPORT, JAN – MAR 2012

11.  VIETNAM CEPHALOPOD EXPORT TO MARKETS, JAN – MAR 2012

12.  VIETNAM BIVALVE MOLLUSK EXPORT, JAN – MAR 2012

13.  VIETNAM BIVALVE MOLLUSK EXPORT TO MARKETS, JAN – MAR 2012

 

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Contact:

Ms. Nguyen Thi Van Ha     Mobile: +84.912.286.878

Email: vanha@vasep.com.vn

Tel: +84.4.38354496 (Ext: 216) Fax: +84.4.37719015

Or log in website: www.vasep.com.vnwww.pangasius-vietnam.com

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REPORT ON VIETNAM SEAFOOD EXPORTS IN 2018
Update: 16/07/2019 09:31 AM
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