The impact from the yellow card warning of the EU market made Vietnam export of cephalopod to this market drop by nearly 22%. The supply of raw materials for export processing was still low, high prices was still the problems of cephalopod processors in 2018. The growth rate of cephalopod export of Vietnam to the key markets in 2018 compared to previous year was not as high as that of the previous year, Export in 2018, howerver, was still considered a smooth year of operation for Vietnamese exporters of cephalopod with export value increasing to Korea, Japan and ASEAN by 24%, 4% and 15% respectively relative to 2017.
In the 12 months of 2018, the total value of exported cephalopod of Vietnam only decreased in July and August, the remaining months had positive growth. Export of cephalopod in Vietnam tended to grow strongly in the last quarter of the year.
In the total structure of exported cephalopod of Vietnam, squid still dominated with 51.5%, the remaining octopus accounted for 48.5%. Vietnam still mainly exported live/ fresh/frozen cephalopod products (accounting for 67% of the proportion), and processed products were still not much (33%).
In the total mix of exported dried/grilled cephalopod (code HS 03), the strongest growth was 38%; live/fresh/ frozen squid (code HS03) saw the strongest drop of 18% compared to 2017. Octopus export products in 2018 maintained positive growth compared to 2017 in which processed octopus export value (HS16 code) increased the best by 26%.
Republic of Korea was still the largest importer of cephalopod in Vietnam, accounting for 40% of Vietnam's total cephalopod export to markets. This was the market with the highest growth rate in the top 7 largest cephalopod import markets of Vietnam. In 2018, cephalopod exported to this market increased by 23.7% to US$269.8 million. Consistent demand for consumption plus tariff advantages from the free trade agreement between Vietnam and Korea (VKFTA) have helped maintain a stable export growth of Vietnamese cephalopod to this market. .
The EU was the 3rd largest importer of cephalopod in Vietnam. In 2017, Vietnam exported cephalopod to the EU market achieving a growth rate of over 50% and accounting for 12.4% of total production. In 2018, export to this market decreased by 21.7% to over US$83 million due to the impact of IUU yellow card . Export to 3 key import markets in the region (Italy, Spain, France) all fell by 30%, 8.3% and 1.2% respectively compared to 2017.
In 2019, it is expected that the export value of cephalopod of Vietnam will be equivalent to 2018. The export seafood industry, including cephalopod, is making efforts to concentrate on doing well with the C/C documents contributing quickly to remove yellow cards to generate goodwill for importers to order more.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(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.
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