In July 2019, Vietnam's crabs exports to the US reached US$5.7 million, down 14.9%. In the first 7 months of 2019, the export value reached US$27.8 million, up 3.5% over the same period in 2018.
In the US market, Vietnamese live marine crab (Scylla serrata) with the size of over 200 grams/individual has an average price of about US$14/kg. In addition, the US imports a lot of Vietnamese canned crabmeat with an average price of US$155-200/carton. Crabmeat was sterilized and packed in can with size of 401x301.5 (1 carton = 12 cans).
The US was the largest crabs importer in the world, accounting for about 50% of the world's total crabs imports. Crabs imports into the United States have been increasing continuously since 2015 and the demand for crabs in the US is expected to remain high this year.
From 2014 to 2018, US crabs imports ranged from US $ 1.6 billion to US $ 2.1 billion, of which the import value in 2015 was the lowest with US $ 1.56 billion and that of in 2018 reached the highest of US$2.1 billion. The import value of surimi into this market has increased continuously since 2015.
Canada was the largest crabs supplier for the US, accounting for 45% of the total value imported into the US. Followed by some other suppliers like Russia, Indonesia and the Philippines. These markets accounted for 23%, 12% and 2.9% respectively. Vietnam was the 6th largest supplier for the US, accounting for 2.1%.
In the first 7 months of 2019, crabs imports into the US reached US $ 1.5 billion, up 8.8% over the same period in 2018. Among the top 5 main suppliers, imports from Canada and Russia grew by 2 digits while imports from Indonesia, Philippines, Mexico declined by 2 digits. Imports from China dropped sharply by 53% due to increased import taxes.
In the US market, Canada - the largest crab supplier for the US, always dominates because of a stable supply and competitive prices. Vietnamese crabs have to compete on prices with Asian rivals such as China, meanwhile import prices from Indonesia and the Philippines were higher than Vietnamese crabs.
It is expected that, in the last months of 2019, the consumption of crabs in the US will continue to increase.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
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