The U.S. was an important market of Vietnam mollusk. Between Jan and Sep 2012, cephalopod exports from Vietnam to the U.S. hit US$7.21 million and bivalve mollusk shipment reached US$4.66 million.
According to statistics of U.S. Department of Agriculture (USDA), in the first 8 months of 2012, mollusk only accounted for 8 percent in volume and 6 percent in value of the U.S.’s total seafood imports while shrimp, tuna, salmon, marine finfish and freshwater finfish make up a higher proportion.
As of August 2012, the U.S. purchased 130,300 MT mollusk in all varieties from 108 origins in the world, worth by US$662.8 million, down 2 percent both in volume and value compared to the same period of last year.
China was the leading mollusk supplier for the U.S. with the proportion of 33 percent in volume and 28 percent in value. Through August 2012, the U.S. imported 43,400 MT from China, valued at US$188 million, down 13 percent in volume and 19 percent in value compared to the corresponding period of last year. The average import price was US$4.34 per kilogram, down 6.1 percent. Cockle, scallop and squid made up the highest proportion out of Chinese mollusk exported to the U.S. However, this year, exports of cockle and scallop reduced 67 percent in both volume and value, led to a decline in total mollusk exports.
Mexico ranked the 8th position among mollusk exporters to the U.S. with the highest average export price of US$6.6 per kilogram. In 2012, mollusk export volume from Mexico to the U.S. was up 3 percent but export value sank by 14 percent because exports of cockle and scallop reduced over 90 percent from that of the same time of 2011.
Vietnam ranked the 16th position in the list of mollusk suppliers for the U.S., with the market share of 1.9 percent in volume and 1.7 percent in value. Average import price of mollusk from Vietnam touched US$4.62 per kilogram, 25.7 percent higher than that of China. Shipment of Loligo squid, frozen octopus and cuttlefish to the U.S. in Jan – Sep 2012 marked a positive growth of 65 percent, 232 percent, 240 percent respectively from those of the same time last year. The average export price of Loligo squid was US$6.6 per kilogram, up nearly 13 percent, octopus with US$4.28 per kilogram, up modestly over the same time of 2011 (US$4.23).
In 2011, Vietnam’s exports of cockle, scallop occupied the highest value in total mollusk export to the U.S., however, in this year, Vietnam hardly exported these items. It was attributable to U.S.’s low demand for cockle, scallop and shortage of raw material in Vietnam.
According to USDA, this year, cephalopod imports into the U.S. marked a positive growth despite modest import volume in a comparison with other seafood products while imports of bivalve mollusk (cockle, scallop) reduced remarkably from main suppliers (China, Thailand, Mexico and Vietnam).
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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