Referring to statistics from Vietnam Customs, Russian imported US$32.78 million of pangasius from Vietnam between January and September 2012, showing a decline of 24.8 percent over the compatible time of last year and represented a half of Vietnam’s total seafood sales to this market. From July to September 2012, Russia consumed US$10.8 million of pangasius products.
There are currently a large number of Russia buyers asking to purchase fish from Vietnam, but not many Vietnamese exporters could provide fish as they have got no quotas to export products to this destination.
Russia’s fish production steadily increased over the recent years but the country still purchased more seafood products from outside. Since 2004, Russia has got year-on-year growth in seafood imports. Among imported items, frozen fish (HS code 0303) were the most consumed products. Fresh fish products occupied the second largest part and got the highest growth in import value. Frozen fish fillets (HS code 0304) ranked the third place.
According to statistics from International Trade Center, in 2011, Russia bought US$333.19 million of frozen fish fillets while the market totaled US$822.2 million of frozen fish in all products and varieties. China was its biggest supplier with export revenue of US$95.9 million. Norway took the second position with US$67.2 million. And Vietnam earned US$62.9 million of fish export to become the third important partner.
In terms of value, fresh and frozen fish products made up 60 percent in Russia’s seafood import structure. Fresh fish took a strongly increasing part as the result of Russian consumers’ higher demand for these products in recent years. Fresh fish imports accounted for 11 percent in 2004, and then rose to 32 percent in 2011. In contrast, frozen fish imports fell from 67 percent in 2004 to 35 percent in 2011. Proportion of frozen fish fillet in overall seafood imports went up from 11 percent in 2004 to 14 percent in 2011, mostly due to rise in consumption of frozen pangasius fillets from Vietnam.
Russia Federal State Statistics Service (Rosstat) reported that in the first half of 2012, fish of all products and varieties in Russian retail sales got 9 percent rise in price. Demand for seafood consumption is predicted to keep sharply increasing in the segments of both high and low-value fish products. Per capita seafood consumption will also reach higher levels in the year.
(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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