(vasep.com.vn) In January - June
During the first six months of 2011, the average pangasius export price reached US$2.59 per kilogram. Fish export price to over 50 markets is higher than the average fish export price. In particular, fish export price to some markets reached US$4 per kilogram or more such as South Korea US$4 per kilogram, Japan US$4.05 per kilogram, Switzerland US$4.52 per kilogram. Fish export price to EU reached US$2.7 per kilogram. Fish export price to 16 countries out of 26 countries of EU block is higher than the average fish export price (US$2.59 per kilogram).
In January - June 2011, fish export volume and value to the Netherlands, Germany and Spain account for more than a half of total fish export volume and value to EU with export value of over US$50 million per country. Specifically, fish exports to the Netherlands reached 18,022 MT, worth US$51.7 million, up 37 percent in value; fish exports to Germany reached 17.898 MT, worth US$50.2 million, up 10 percent in value while fish exports to Spain reached 19,413 MT, worth US$50.1 million, down 19 percent in value and almost 30 percent in volume compared with those of January - June 2010.
Spain used to be the leading importer of Vietnam pangasius. During 5 last months, fish exports to the country have showed double digit drop (even 50 percent), the country is downgraded to the third rank among the top Vietnam fish importers. While fish exports to the Netherlands remains double digit growth, the country outstrips Spain and Germany to become the biggest Vietnam fish importer in EU block.
In the first six months of the year, the U.S. is the biggest market of Vietnam pangasius out of 131 importers of Vietnam fish with 38,839 MT, worth nearly US$135 million, up 85.5 percent in volume and 105 percent in value over the same period last year. During the period, fish export price to the U.S. reached high level of US$3.47 per kilogram. In June 2011, fish export price to the U.S. reached US$3.73 per kilogram, up on that of June 2010 (US$3.09 per kilogram). Apart from two key importers (the U.S. and EU), Vietnam fish exporters keep on expanding their market share to the countries in Eastern Europe, Soviet Union and Mediterranean area. Vietnam fish exports to these areas showed a positive growth. Hopefully, developing market share in these areas will bring promising results for Vietnam pangasius sector in particular, and seafood industry in general.
(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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