Vietnam’s tilapia exports to other markets have shown a downward trend in the past 5 years. In 2023, Vietnam's tilapia exports reached over 6 million USD, down 42% compared to 2022 and down 70% compared to 2019.
The United States has been the largest consumer of Vietnamese tilapia for the past 4 years since 2019. However, in 2023, tilapia exports to the US fell sharply and reached only nearly 1 million USD, down 71% compared to 2022 and down 75% compared to 2019. In the past 5 years, the export value of tilapia to the US recorded the highest value of over 7 million USD in 2021, an increase of 2.5 times compared to 2020.
Besides the US, other countries such as the Netherlands, Italy, Japan, South Korea, and Thailand are the largest importers of tilapia from Vietnam. In 2023, tilapia exports reached over 6 million USD. The EU was the largest consumer market, with 2 million USD, the Netherlands accounted for nearly half of total Vietnamese tilapia exports to the EU. Following was the US.
Brazil recently announced a ban on imports of tilapia products from Vietnam due to concerns about a virus. However, the export value of Vietnamese tilapia to Brazil is not much. According to statistics from Vietnam Customs, tilapia exports to Brazil in the past 5 years have been almost non-existent. Brazil mainly imports basa fish from Vietnam. Up to 90% of the seafood that this country buys from Vietnam is basa fish. Therefore, the impact of Brazil's decision to ban imports of Vietnamese tilapia does not affect Vietnamese businesses too much. However, this can be seen as an initial barrier for Vietnamese tilapia products, and could lead to other seafood products in the Brazilian market.
After the ban on importing tilapia to this South American country, businesses can switch markets. Frozen tilapia is a popular product with American consumers. However, Vietnamese tilapia in the US finds it difficult to compete with Chinese tilapia, as the average price in Vietnam is much higher despite the downward trend. China is the world's largest supplier of tilapia and also the largest supplier to the US.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
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
