The price of pangasius, the fifth most important specie in the German market, increased, and consumers went for Alaska pollock -- despite pangasius still being cheaper than Alaska pollock -- Matthias Keller, managing director of the German Fish Processors Association, told IntraFish.
“German consumers spent 0.4 percent more on seafood purchase in 2011, and the average price per kilogram went up by three percent,” Keller said, “and seafood volumes purchased slipped 2.5 percent due to the strong price increase."
Seafood consumption in Germany is steady since 2011, with the per capita consumption being 15 kilograms, Keller said.
In terms of the most volumes sold, Alaska pollock is followed by herring, salmon (mostly farmed), tuna -- whose volumes went down because of a spike in prices, and then pangasius.
Dipping salmon prices have boosted pollock consumption, though herring consumption fell because of increased prices, Keller said.
Popularizing fish in German schools
An inter-school competition -- called 'School of Fish'-- aimed at increasing awareness of sustainable seafood consumption, has been launched in Germany, Keller said.
“There are 34,000 schools in Germany and in this competition, schools are encouraged to develop creative ideas around fish -- it can be theatre, lessons, cooking.”
Schools can apply till April 30 to enter this competition, and the project is financed by the German fish processing industry.
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.
(seafood.vasep.com.vn) Khánh Hòa province is currently leading the way in implementing Electric Catch Documentation and Traceability System (eCDTs).
(seafood.vasep.com.vn) The European Union, with its stringent quality requirements, has become an attractive destination for the shrimp industry of many countries, including Vietnam. Vietnamese shrimp meeting EU export standards not only increases product value but also solidifies Vietnam's position in the global seafood market.
(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to the Ben Tre Statistics Department, the province’s aquaculture sector has been relatively stable and has experienced growth recently, particularly due to the high efficiency of intensive shrimp farming models.
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