So far this year, German imports of pangasius from Vietnam only got rise in value in January and August. The decline was reported in most other months. The slightest drop of 16 percent was seen in April and the deepest fall of 43.8 percent in February.
Of frozen whitemeat fish fillets, Alaska pollock was the most purchased fish into German market, followed by cod and pangasius. Statistics from the International Trade Centre (ITC) says that in the first half of 2013, Germany consumed 69,580 MT of frozen Alaska pollock fillets, 13,339 MT of cod and 8,938 MT of frozen pangasius fillets. However, all species got lower imports than those reported in the same period of 2012.
Germany purchased less frozen fish fillets of all varieties (HS code 0304) from the world. Through June 2013, frozen fish fillets entering into Germany were 182,020 MT, sliding 4.18 percent from 2012. Vietnam was this country’s sixth supplier of frozen fish fillets, after China, the U.S, Denmark, the Netherlands and Russia.
Recently, some non-governmental organizations delivered negative alleged-information on Vietnam pangasius, decreasing international consumers’ confidence in the fish quality.
Some Vietnamese companies are introducing ASC-certified pangasius products to sell in Germany and several European markets to regain the prestige of pangasius.
|
Imports of some frozen whitemeat fish fillets into Germany in 2013, MT |
||||||
|
Products |
January |
February |
March |
April |
May |
June |
|
Alaska pollock |
13,563 |
13,746 |
10,916 |
9,968 |
9,764 |
11,623 |
|
Cod |
2,134 |
2,163 |
2,196 |
1,894 |
2,918 |
2,034 |
|
Pangasius |
1,555 |
1,914 |
1,533 |
1,483 |
1,260 |
1,193 |
|
Hake |
836 |
454 |
929 |
1,119 |
808 |
739 |
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
(seafood.vasep.com.vn) Khánh Hòa province is currently leading the way in implementing Electric Catch Documentation and Traceability System (eCDTs).
(seafood.vasep.com.vn) The European Union, with its stringent quality requirements, has become an attractive destination for the shrimp industry of many countries, including Vietnam. Vietnamese shrimp meeting EU export standards not only increases product value but also solidifies Vietnam's position in the global seafood market.
(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to the Ben Tre Statistics Department, the province’s aquaculture sector has been relatively stable and has experienced growth recently, particularly due to the high efficiency of intensive shrimp farming models.
(seafood.vasep.com.vn) In the third quarter, several Vietnamese seafood companies announced strong financial results, showcasing resilience and growth in a challenging market.
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