Key Seafood sectors

Vietnam exported the first batch of 160 MT of shrimp in 2021
17:22 15/01/2021

(vasep.com.vn) In 2020, the Covid-19 pandemic spread out all over the world that had a tremendous impact on the world tuna industry in general and the Vietnamese tuna industry in particular. Despite the difficulties, Vietnamese tuna processing and exporting enterprises have still been making efforts to overcome drawbacks.

(vasep.com.vn) In October 2020, Vietnam's exports of cephalopod rose by nearly 16% to 58.6 million USD. In the first 10 months of this year, cephalopod exports reached US$454.9 million, down 5% over the same period in 2019. It is estimated that the exports of Vietnamese cephalopod in 2020 will reach about US$566 million, down about 2% compared to 2019.

(seafood.vasep.com.vn) The export value of pangasius has started to go up. In October, exports to China - Hong Kong, the Netherlands, and the UK grew well.

(seafood.vasep.com.vn) China is the 5th largest importer for Vietnamese cephalopod, accounting for 7.8% of the proportion. After dropping 45% in the first quarter, Vietnamese cephalopod exports to China recovered strongly with 2-3 digits in the second and third quarters of 2020.

(seafood.vasep.com.vn) Vietnam's shrimp export reached nearly US$385 million in Sep 2020, an increase of over 25% compared to September 2019, the highest growth rate since March 2020. In the first 9 months of this year, shrimp exports reached US$2.7 billion, up 10.5% over the same period in 2019. Except for January, shrimp exports kept continuous growth from February to September.

(seafood.vasep.com.vn) After a period of continuous decline, Vietnam's tuna exports to the US have risen again. Yet, the growth rate is still low. Specifically, the value of Vietnam's tuna exports to the US in August and September spiked by 5.2% and 1.6%, respectively. Therefore, the total export value in the first 9 months of the year to the US was only over US$208 million, down 13.8% over the same period in 2019.

(seafood.vasep.com.vn) In the first 9 months of this year, Vietnam's other seafood exports, including marine fish, surimi, crabs, and bivalve molluscs, reached US$ 1.63 billion, up 1% over the same period in 2019. Exports of crabs rose the most by 26%, exports of marine fish increased by 21%, that of bivalve molluscs hiked slightly by 4%, but surimi exports decreased by 6%.

(seafood.vasep.com.vn) In September 2020, Vietnam's export of cephalopod climbed by 20.4% to over US$51 million. In the first 9 months of this year, cephalopod exports reached US$396.3 million, down 7.5% from the same period in 2019.

(seafood.vasep.com.vn) Vietnam shrimp exports to the UK as of September 15, 2020 reached $161.2 million, up 15% over the same period in 2019. The UK is also considered one of the import markets of Vietnamese shrimp that perform well and seem to is not affected much by the Covid-19 epidemic since the beginning of the year until now.

(seafood.vasep.com.vn) China is the 5th largest importer for cephalopod of Vietnam, accounting for 7.7% of the proportion of cephalopod exports. After falling by 45% in the first quarter, Vietnamese cephalopod exports to China recovered from the second quarter to August of 2020. In the first eight months of 2020, Vietnamese cephalopod exports to China reached US$ 26.6 million, up 53% year on year.

(seafood.vasep.com.vn) Egypt is the 7th largest tuna importer for Vietnamese tuna, accounting for 2.4% of the total value of Vietnam's tuna exports to markets in the first 8 months of 2020. Although the proportion is not large, the export of tuna to Egypt in the first 8 months of 2020 was quite impressive (especially in the past two months - July and August 2020). By the end of August 2020, Vietnam's tuna exports to Egypt reached more than 10 million USD, up nearly 65% over the same period in 2019.

(seafood.vasep.com.vn) In the first half of 2020, demand for German tuna (especially canned tuna) rose. The volume of tuna imports of this country reached the highest level in the past 5 years. This is mainly due to the effects of the Covid-19 pandemic, which caused many families in Germany to stock up on tuna to ensure a healthy and long-term source of protein.

Vietnam’s shrimp exports are forecast to reach 3.7 billion USD this year, posting an year-on-year increase of 9.8 percent.

(seafood.vasep.com.vn) On August 1, 2020, the Free Trade Agreement between the EU and Vietnam (EVFTA) was officially implemented. Besides, Vietnamese tuna industry recorded a growth in exports to the EU. Along with the EU's gradual control of the Covid-19 epidemic, the effect of EVFTA has had a positive impact on Vietnam's tuna exports.

(seafood.vasep.com.vn) As of the first half of August 2020, the total export value of pangasius to the EU reached US$85.55 million, down 34.1% over the same period in 2019. In which, the export value to three single markets: the Netherlands shrunk by 27.5%; Germany down 36.7% and Spain went down by 13.4%. Although the EU has been still the third-largest pangasius export market of Vietnamese seafood enterprises (after China and the US) so far, there has been no sign of recovery in pangasius exports to this market.