Vietnam’ s mollusk shell exports are expected to continue to increase in 2024

(seafood.vasep.com.vn) mollusk shell exports are being boosted by the growing demand for bivalves as a whole food source.

Vietnam’ s mollusk shell exports are expected to continue to increase in 2024

As one of the major contributors to Vietnam's seafood export turnover, mollusk shell and other seafood species are forecast to continue to grow in export growth and continue to increase in the last months of 2024.

Mollusk shells are widely consumed

According to statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's mollusk shell export turnover in the first 7 months of 2024 was estimated to reach more than 95 million USD, an increase of more than 24% compared to the same period in 2023. Of these, clams were estimated to reach 52 million USD, scallops were estimated to reach 14 million USD, snails were estimated to reach 16 million USD, oysters were estimated to reach more than 8 million USD, and other seafood were estimated to reach nearly 4 million USD.

Among the products, snail exports have the highest growth rate compared to the same period in 2023, more than 57%.

In 7 months, China increased its import of clams and mussels from Vietnam by 120 times compared to the same period in 2003.

Other types of mollusk shells in live, fresh, or chilled form also had a strong increase in export value, reaching more than 7 million USD, nearly 82 times higher than in the same period. In recent times, not only China but also other countries have increased their imports of Vietnamese mollusk shells.

According to statistics from the Ministry of Agriculture and Rural Development, Vietnam has over 41,500 hectares of mollusk shell farming (mainly bivalve mollusk shells) with an output of about 265,000 tons per year, of which clams reach 179,000 tons per year. The value chain of this industry is creating jobs for about 200,000 workers.

In the southern provinces, mollusk shells are concentrated in coastal localities such as Ben Tre, Tra Vinh, and Tien Giang.

However, due to weather conditions this year being affected by climate change and saline intrusion, the output of mollusk shell, especially clam products, is forecast to decrease sharply.

According to Mr. Tran Truong Giang, Director of the Department of Agriculture and Rural Development of Tra Vinh, the whole province of Tra Vinh has 800 hectares of commercial clam farming area, concentrated in 11 cooperatives. The 11 cooperatives that are raising clams in the province have all experienced reduced productivity, of which 4 have a productivity decrease of over 50%.

Clam harvest output has decreased sharply, which is why freshwater comes early and lasts about 2 months compared to previous years, causing clams to grow slowly or die due to reduced resistance.

In the face of adverse environmental impacts affecting clam output, the provincial agricultural sector is closely monitoring and providing technical support to help clam farming develop sustainably.

mollusk shell exports are being promoted thanks to the increasing demand for bivalve seafood as an intact food source.

Ms. Nguyen Thi Van Ha assessed that the export demand for this item in the last months of 2024 will increase, provided that businesses have enough raw materials.

Other seafood with great export prospects

Along with mollusk shell, other types of Vietnamese seafood are also being prioritized by many markets for consumption, especially in the period of preparing food sources for festivals at the end of 2024.

Markets are also stepping up imports of products such as rock lobster, octopus, crab, etc., whereas the Chinese market is currently stepping up imports of rock lobster from Vietnam.

Specifically, in the first 7 months of 2024, the Chinese market increased imports of rock lobster and other types of marine shrimp, estimated at more than 111 million USD, an increase of 32% compared to the same period in 2023.

The market share of rock lobster from Vietnam increased from 1% last year to 25.3% in the total import value of this item into China this year. At the same time, frozen rock lobster also increased by 682%, reaching more than 4.7 million USD.

For crab and crab products, China and Hong Kong (China) are still the largest import markets for crabs and other crustaceans from Vietnam, accounting for 43% of Vietnam's total export turnover.

The export value to this market is increasing rapidly at a 3- to 4-digit rate compared to the same period and maintaining continuous growth every month.

In July 2024 alone, crab and other crustacean exports to this market increased by 20 times compared to the same period, reaching nearly 13 million USD. Accumulated in 7 months, exports to this market reached nearly 63 million USD, an increase of 623%.

For the US and Canada markets, exports to these two markets are also growing positively, with increases of 30% and 44%, respectively.

Meanwhile, exports to Japan have been on a continuous downward trend in the past 3 months. The export value of crabs and other crustaceans to Japan in 7 months decreased slightly by 0.3%, reaching more than 40 million USD.

Exports of other seafood to European markets also showed signs of a slight decline. The export value of crabs to Europe in 7 months decreased by 46% compared to the same period.

The fact that the European Commission continues to maintain the "yellow card" warning for Vietnam's seafood industry is affecting seafood exports to this market.

The Import-Export Department, Ministry of Industry and Trade, assessed that, regardless of temporary declines in some markets, the market share of many Vietnamese seafood products in China's total imports in 7 months increased compared to the same period in 2023, even though some products had a decrease in value. This shows that Vietnamese seafood still has the ability to compete relatively well in the Chinese market and some Asian markets in the coming time.

 


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SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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