After the vaccination campaign and economic stimulus package since the beginning of the year, the seafood demand in the EU has recovered significantly, along with the tariff advantages from the EVFTA, which is an opportunity to promote the export of most of Vietnamese seafood products to this market.
Accordingly, shrimp exports increased by nearly 19% to reach 613 million USD, accounting for nearly 57% of seafood exports to this market. The top 3 markets in the bloc including the Netherlands, Germany and Belgium all increased imports of Vietnamese shrimp in the past year. In which, exports to the Netherlands increased by 10%, to Germany by 25% and to Belgium by 19%. Not only whiteleg shrimp exports but also black tiger shrimp to these markets recovered compared to the previous year. Notably, whiteleg shrimp exports to Germany increased sharply by 28%, while black tiger shrimp exports to the Netherlands increased by 54%.
Tuna exports accounted for over 13%, reaching over US$144 million, up 6.4%, of which the US imported the most frozen loin/fillet (accounting for 44%), followed by processed tuna other than canned fish. Last year, exports of other processed tuna products increased sharply by 43%, while exports of fresh tuna decreased by 18%. In the three largest markets, Italy, Germany and Spain, only Italy increased tuna imports, the other two markets decreased imports of Vietnamese tuna in the past year.
Pangasius exports to the EU continued to decline from previous years, with a negative growth rate of nearly 17% and only accounting for less than 10% of total seafood exports to this market. Exports to the top 4 markets including the Netherlands, Belgium, Spain and Germany all decreased (20%, 23%, 9% and 43%). The sharp increase in sea freight rates to the EU is a big obstacle for pangasius enterprises that want to export to this market.
Notably, in the past year, shellfish exports to the EU market skyrocketed 37% to $87 million, mainly because clam exports increased by 42% to $78 million. Clams have become the fourth largest seafood species with export value to the EU market. In which, clam exports to the three largest markets, Spain, Italy and Portugal, all grew by 38-44%.
(Excerpt from the Report on Vietnam's seafood exports in 2021. For more information about Vietnamese seafood products exported to markets, please contact Email: nguyentrang@vasep.com.vn)
(seafood.vasep.com.vn) In recent years, Israel has consistently been a top export market for Vietnamese tuna, following the US and EU. Therefore, the recent escalating tension between Israel and Iran is affecting Vietnam's tuna exports to this market. Enterprises are worried about having to halt export orders to this market in the coming months.
(seafood.vasep.com.vn) As Vietnam’s southernmost province, Ca Mau boasts abundant natural resources, particularly in fisheries and renewable energy, attracting significant international investment. The presence of international businesses in Ca Mau plays a pivotal role in driving economic growth and sustainable development, not only for the province but also for the entire Mekong Delta region.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (Sao Ta) reported that its finished shrimp production in September 2024 reached 2,309 tons; finished shrimp consumption reached 2,638 tons, an increase of 47% over the same period.
(seafood.vasep.com.vn) Vinh Hoan Corp is currently the largest exporter of Vietnamese pangasius fillet to the US, with a market share significantly higher than other listed companies.
Ho Chi Minh City, Vietnam – October 14, 2024 – The Vietnam Association of Seafood Exporters and Producers (VASEP) proudly reiterates its commitment to sustainable development and responsible practices within the Vietnamese shrimp industry. With over three decades of experience, Vietnam has become a key player in more than 100 international markets, recognized for our high-quality shrimp products and robust traceability protocols.
(seafood.vasep.com.vn) Vietnam’s fishery exports reached $7.16 billion in the first 9 months of this year, a year-on-year increase of 8.5%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
The U.S. Department of Commerce (DOC) has said Vietnamese exporters do not dump pangasius into U.S. market.
With pangasius exports soaring by 9% to reach nearly US$1.3 billion during the initial eight months of the year, Vietnam is likely to achieve the set target of earning US$2 billion from the export of the fish this year, according to the General Department of Vietnam Customs.
(seafood.vasep.com.vn) Besides the main product of frozen Vietnamese pangasius fillets, consumers in many markets around the world also prefer other pangasius products, including frozen butterfly-cut pangasius HS code 03032400.
(seafood.vasep.com.vn) In August 2024, Vietnam's shrimp exports reached 404 million USD, up 20% compared to August 2023. Shrimp exports in August continued to record the highest value since the beginning of the year and recorded the best growth since February this year. In the first 8 months of this year, shrimp export turnover reached more than 2.4 billion USD, up 10% over the same period last year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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