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) 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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