The most imported and consumed fresh seafood species in China include: salmon, shrimp, flounder, bluefin tuna, eel, pomfret, mussels, oysters, jack fish, abalone, yellow croaker , sea cucumbers, clams... Among them, the largest proportion is salmon with nearly 56 thousand tons, accounting for 65%.
In addition, China also imported a significant amount of ornamental fish, with 281 thousand tons, an increase of 60%. In general, this market consumes more fresh/live fish than shrimp, crab and mollusks...
Leading among fresh/live seafood suppliers to China is Norway with its strength in fresh/chilled salmon. Chile ranks 2nd, and is also in the top 2 salmon suppliers to China. Other top suppliers include Myanmar, Australia, Philippines, Bangladesh, Faroes Islands, England, Japan...
Japan supplies flounder, bluefin tuna, mackerel, mackerel, plaice, jack fish, oysters, scallops, and fresh/live sea cucumbers to the Chinese market. China has officially banned Japanese seafood after Japan released radioactive water into the sea since the end of August. This has eliminated a significant portion of fresh/live seafood supply from Japan, so China will have to increase imports from other sources of supply. At the same time, after this event, China increasingly tightened inspection of the origin of imported seafood products.
Vietnam only accounts for a very modest market share, 0.2% of China's total fresh/live seafood import volume in the first 8 months of this year. However, compared to the same period in 2022, import volume from Vietnam increased dramatically by 446% and average price also increased by 184%. Vietnam's live aquatic species exported to China are mainly ornamental fish, grouper, lobster, tiger shrimp...
Shanghai, Guangdong, and Yunnan are the top 3 provinces that import the most fresh/live aquatic products, accounting for 39%, 16% and 11% of China's total import volume in the first 8 months of the year.
Except for the period of restriction due to the Covid epidemic, China has always been a large and potential seafood consumption market because of its large population and increasing per capita income. Per capita seafood consumption in China has increased tenfold in 40 years: from 5 kg in 1980 to 14.4 kg in 1993, 37.9 kg in 2013 and 54 kg in 2020. Seafood demand concentrated mainly in big cities, where on average people buy seafood 3-4 times/month, especially in Shanghai people buy seafood on average 11 times/month.
China's economic growth has reached a rate of 6.3% in the second quarter of 2023 and forecasts for GDP growth in 2023 and 2024 are quite optimistic, increasing by 5.1% and 4.6% respectively. Those indicators show that in the coming time, China will certainly be the target market of many seafood exporting countries, including Vietnam. Competition in this market will become increasingly hot, but with geographical advantage, Vietnamese seafood can gain a higher market share in the fresh/live/chilled seafood segment for domestic consumption in China. At the same time, it is also necessary to diversify processed products for the new consumption trends of modern youth in China.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(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.
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
