(vasep.com.vn) Vietnam seafood exports in 2013 outreached the target of US$6.5 billion to reach US$6.7 billion. The figure was attributable to a great contribution of shrimp export turnover with over US$3 billion, making up 46 percent of the country’s total seafood exports.
Vietnam shrimp exports, particularly whiteleg shrimp got great success in 2013 thanks to its stable shrimp supply in comparison with China, Thailand and high shrimp price in large markets such as Japan and the U.S. Vietnam whiteleg shrimp exports in the year rose 113 percent year-on-year to reach nearly US$1.6 billion.
Pangasius industry in 2013 faced some difficulties due to instability in fish supply, low demand and low price. However, pangasius exports still reached over US$1.7 billion, equating to that of 2012.
After the positive growth of 2012, exports of tuna, cephalopod and other marine products in 2013 reported a continuous reduction. Lack of domestic raw material, low demand from foreign markets caused by high inventories, hiking import duty and technical barriers led to deep dive in marine product exports, 7.2 percent reduction in tuna exports and 11 percent decline in cephalopod exports.
In the second half of 2013, seafood exports to markets recovered, mainly thanks to sharp increase in shrimp exports. In which, China claimed to the fourth position in importing Vietnam’s shrimp and other seafood products with year-on-year growth of 49 percent and 37 percent, respectively.
Vietnam seafood exports in 2014 will surpass the export turnover of 2013 if the quality of shrimp seed is ensured, chemicals and antibiotics in aquaculture and exported products are closely controlled. Shrimp sales in 2014 are expected to remain over US$3 billion with the target of US$3.5 billion. Exports of pangasius, tuna, cephalopod and other marine products in 2014 are likely to recover because it is expected that global demand for the items may increase slightly amid gradual improvement in global economy.
Which markets will be potential destinations of Vietnam seafood in 2014? REPORT ON VIETNAM SEAFOOD EXPORTS IN 2013 will add an appendix that analyzed production, import and export of seafood; current state and outlook on seafood trade between Vietnam and some potential markets such as China, Spain. The appendix also showed detailed statistics on exports of main seafood products, performance of these markets in 2013, forecasts on supply-demand and exports of seafood in 2014.
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