(seafood.vasep.com.vn) Until Sep 2016, export turnover of almost seafood products by Vietnam showed the growth or slight decline on par with the same period of last year. In particularly, shrimp exports rose 5.6%; pangasius up 6.2%; tuna up 3.8%; other finfish up 7.3%, crab and other crustacean up 10.4% and mollusk downed 3.4%.
Shrimp
Through Sep 2016, shrimp exports hit nearly US$2.25 billion, up 5.6% year on year in which exports of whiteleg shrimp made up 61.3% of the total shrimp exports and rose 11.2%.
The growth in shrimp exports were thanks to the rise in exports to some major markets like the U.S., the EU, China-Hong Kong and South Korea.
Shrimp exports to the largest market (the U.S.) making up 23% of the totals reported the growth thanks to stable demand and supply shortage in India, Indonesia, Ecuador, Thailand.
On Sep 7th 2016, the Department of Commerce (DOC) has announced the final result on antidumping duty on shrimp imported from Vietnam in the 10th period of administrative review (POR 10) from Feb 1st 2014 to Jan 31st 2015. The duty rate of POR10 was 4.78% for the voluntary and mandatory respondents, higher than the final result of POR9. This is a high duty rate for Vietnam shrimp exporters. Vietnamese enterprises are going to file claim against the result of POR10 to the United States Court of International Trade (CIT) and ask CIT to reconsider the zeroing method to calculate the dumping margins that is being used by DOC.
Although the result of POR10 affected to Vietnam shrimp exporters, shrimp exports in QIV/2016 is still stable.
Demand for importing shrimp from EU, Korea, Japan in the last quarter of this year is expected to rise. Predictably, shrimp exports in 2016 will touch US$3.1 billion, up 5% year on year.
Pangasius
Pangasius exports to the U.S. faced two barriers of antidumping duty and catfish inspection program. However, pangasius exports to the U.S. reported the growth.
Pangasius exports to China in Jan-Sep 2016 up 75.6% year on year. China outstripped EU to become the 2nd largest importer of Vietnam pangasius. Exports of the fish to other markets like ASEAN, Mexico, Brazil, Colombia were unstable.
It is expected that in 2016 pangasius exports of Vietnam will reach US$1.66 billion, up 6.4% year on year.
Marine products
In Jan-Sep 2016, exports of tuna gained US$354.6 million, up 3.8%; other finfish reached US$816.5 million,up 7.3%; mollusk (cephalopod and bivalve mollusk) with US$360.4 million, down 3.4%; crab and other crustacean with US$91.2 million, up 10.4% year on year.
Vietnam’s seafood exports are expected to reach US$7 billion, up 5.5% year on year.
Written by Ta Ha
Compiled by Kim Thu