Data provided to SeafoodSource by authorities in the leading tilapia producing region of Hainan shows shipments of seafood rose 11.8 percent year-on-year in January, with tilapia shipments (accounting for 11,000 metric tons (MT) of that figure) up 21.9 percent in volume terms. This comes as China’s government has made deliberate efforts in recent months to weaken the value of the country’s currency in order to reboot exports as a driver of economic growth. A breakdown of movement in the value of Hainan’s exports is not yet available.
Some of the growth in Hainan’s shipments may however also be down to the emergence of new markets for tilapia. The Middle East grew 49.2 percent year-on-year to 1,746 MT, eclipsing the EU (1,540 MT, up 18.3 percent year-on-year) while the U.S. remains the top destination for Hainan’s seafood exports, taking 4,611 MT, a rise of 9.2 percent year-on-year in volume terms. Likewise the southerly province’s customs authorities in a statement credited efforts to “simplify and prioritize export procedures for aquatic goods” the growth in seafood exports.
China’s efforts to devalue its currency (which has fallen 1 percent against the dollar this year to date, having risen 3 percent against the dollar last year) comes as deliberate efforts by Tokyo in 2013 to weaken the Yen has created problems for Chinese exporters to Japan. Data for the country’s eel exporters shows exports are up but pricing remains a problem. Eel shipments rose 37 percent year-on-year in 2013 to total 5,295 tons. Yet revenue from exports rose only 6 percent, to USD 181.3 million (EUR 132.8 million). Average prices per kilogram (kg) were down 22 percent year-on-year to CNY 32.24 (USD 5.26, EUR 3.85) per kg. Japan is the leading export market for Chinese eel.
A weaker CNY may be good news for seafood processors, who blame rising costs and a stronger Chinese currency for weak trading conditions. Releasing its official results, leading processor Oriental Ocean this week announced its profits for 2013 slipped 38.59 percent year-on-year to CNY 60.8 million (USD 9.9 million, EUR 7.3 million), on revenues of CNY 616 million (USD 100.5 million, EUR 73.6 million) (down 9 percent year-on-year). The firm blamed the poor performance on rising labor and input costs and softer demand in the “high end” domestic catering sector. A boost in exports could be good news for Oriental Ocean, which had looked to high end domestic sales: in explaining its 2013 results the firm also blamed weaker than expected performance from its salmon cultivation business “due to some disease and weather factors.”
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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