To that end, ASMI has earmarked about half of its annual budget, some $8.5 million, on a cross section of activities ranging from international trade shows to studying traditional and emerging markets in some 17 countries, and educating wholesale and retail buyers about the value of its responsible fisheries management certification program for Alaska fisheries.
While Japan is still the single biggest direct market for wild Alaska seafood, ASMI is trying to balance the effort in Europe with effort in China and Japan and an emerging market in Brazil for a nice market mix, says Ray Ruitta, executive director of ASMI.
ASMI has also been meeting with major retail chains, non-government organizations and others to explain to them in detail how ASMI's choice of Global Trust as the certifying body for sustainability of Alaska seafoods works to assure the sustainably managed fisheries mandated by Alaska's constitution.
“We have a good product to sell and I think we're doing a good job selling it,” said Jeff Stephan, director of the United Fishermen's Marketing Association in Kodiak, and chairman of ASMI's international marketing committee. “One of the great achievements of our program is we do a great evaluation of customs, traditions, consumption behavior, eating preferences, all the different characteristics of these countries, and to tailor our program to meet their needs.”
To reach that goal requires a lot of research, and good support from ASMI's overseas marketing representatives, who live and travel in these countries, and maintain steady communications with ASMI's staff in Alaska and Seattle.
Stephan gives much credit for the success of the international marketing program to the committee itself, whose membership includes sales and marketing representatives from various seafood processors doing business in Alaska. Much credit also goes to Joe Jacobson, international program director for ASMI, the ASMI board of directors, state agencies, and the importers, distributors and processors whom ASMI works with.
At the international marketing committee's meeting in Anchorage on June 27, the committee heard from several of their international representatives living in Japan, France and Brazil, who discussed events of the past few months, from trade shows and trade missions to advertising promotions and meetings with potential buyers.
“Every market, every country we are in has a different set of circumstances, different consumer preferences, different marketing and sales traditions, different consumption traditions, different economic factors, and we have programs that are very adroitly tailored to meet the needs of what our mission is in these countries,” Stephan said.
“All of these markets have distinct needs. We are trying to fit our product into the traditional buying habits and product usage. Our goal is to increase the value of Alaska seafood in these markets,” he said.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn