Fisheries and Aquaculture supplies by continent
Aquaculture is expected to play an central role in feeding the world!
90 % of farmed seafood produced in Asia!
The growing population needs food Of the growth, 54 % will occur in Africa and 36 % in Asia to 2050
AND, China and the rest of Asia are assumed to be the fastest growing seafood markets!
Production of main finfish species, from GOAL, GAA, 2017, 2004-2018, + 5 % 2017-18
The growth in Aquaculture Production of Fish Species has stabilized from the mid 2000 (Goal 2017)
Percentage growth by species, 2007-2017 (Goal 2017)
Percentage growth by group, 2007-2017 (Goal 2017)
Consumers …?
Buy at supermarkets (74 %)
Look for
- Fresh seafood
- Convenience/Easy to prepare/Ready to eat products
Supermarkets need stable supplies => farming and expect seafood to grow
AND – Seafood Online trade is coming – China leading on
What do consumers look for? (Europe, EU)
High risk for diseases/biosecurity issues (G. Nikolik, Rabobank)
Farming in an open environment
Small holders
Rapid growth in production combined with increasing farming density
> 90 % is tropical(high biodiversity) climate
Mostly developing country industry (grey sector/lack of legislation)
Aquatic animals are recently domesticated – we do not know what we lost while breeding for growth
Investors look more to Aquaculture – due to technology and growth (Rabobank)
Venture capital – attracted by new technology
Private equity – moving from seafood processing to aquaculture value chain technology. Increasingly understand disease risk and cyclicality of aquaculture better
Family & sovereign wealth funds – attracted by long term growth drivers of aquaculture, modernization and technology changes
Listed equity investors – primarily attracted by stellar share performance of listed salmon companies, but increasingly interested in the rest of the industry
«The wickedness of Aquaculture» (Osmundsen et al. 2017)
- Great extent of uncertainty!! – It’s a young sector!!
- Lack of firm knowledge e.g. with respect to
+ Diseases
+ Environmental impacts
+ Conflicts with other user interests
+ New – disruptive technological and other – solutions
- Responses
+ Building competence
+ Collaboration
+ Being adaptable
The presentation of Dr. Paul Steinar Valle (Kontani, Norway) in the framework of Vietfish 2018
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
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