The complicated situation of the Covid-19 in the import markets affects the consumption of seafood in the restaurant and food service segments; The exploitation of domestic raw materials was also significantly affected.
Marine fish exports (under HS codes from 0301 to 0305 and 1604, excluding tuna and pangasius) in the first 9 months of 2020 reached US$1.2 billion, up 21% over the same period in 2019. Japan, ASEAN, China were the three largest import markets for Vietnamese marine fish.
Exports of fish cakes and surimi (including products made from tuna, pangasius) of Vietnam in the first 9 months of this year reached over US$228.7 million, down 6% compared to the same period in 2019. ASEAN, China and Japan were the three largest import markets for this item of Vietnam. Exports to China lifted by 25% while exports to ASEAN and Japan declined by 6% and 22% respectively.
Export of crabs and other crustaceans (HS codes 03 and 16) of Vietnam in the first 9 months of this year reached US$126.9 million, up nearly 26% over the same period in 2019. China, Japan and the US were the three largest import markets for crab and other crustaceans of Vietnam. Export of this item to China grew at the best rate of nearly 365%; Exports to Japan and the US sank by 5% and 26% respectively.
Export of bivalve mollusks in the first 9 months of this year elevated by 4% to nearly 71.5 million USD, this item tended to increase after declining continuously in the first 2 quarters of the year. The EU, Japan and the US were the three largest import markets for this item of Vietnam. Exports of this item to Japan surged the best at 14%, exports to the EU rose by 1% and exports to the US declined by 3% over the same period in 2019.
There are positive signs such as market demand inching up for canned, frozen, chilled and smoked seafood with longer shelf life. E-transactions, online retailing still compensate for the decline in market demand. The EVFTA Agreement has come into effect, also supporting other Vietnam's seafood exports in the last months of the year. Therefore, Vietnam's seafood exports in the last months of the year are expected to increase slightly, although still affected by the Covid-19 epidemic in major importers.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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