According to statistics from Vietnam Customs, to 15th June 2012, fish shipment to the U.S. totaled US$162,9 million, a rise of 37 percent compared to the same period of last year. The U.S. proportion in Vietnam pangasius export structure also increased to 21 percent in the first half of 2012 from 15 percent in the same period of 2011. This market is predicted to pass the EU to be Vietnam’s largest importer of pangasius if export to the EU kept downing in the next future.
Vietnam pangasius sales to the U.S. saw growth in both volume and value, the fish price is sliding down. Regarding to figures on Fis.com, frozen pangasius fillets sent to the U.S. in April 2012 cost US$3,480 per MT, FOB, down 4 percent from US$3,641 per MT in the previous month. On Urnerbarry, in July 2012 pangasius of all sizes from Vietnam saw drop from that in early 2012 and the same period last year because this market still has had huge fish inventory.
At the moment, raw pangasius price fell below VND20,000 per kilogram in domestic market. The sooner the industry sets the floor price for exported fish, the sooner the price can be improved and fish farmers may get higher profit. It is very important to set a floor price for fish traded to the U.S because this is an important market to pangasius industry. Moreover, the new floor price is necessary to help pangasius get its real value, ensuring profits for farmers, processors and exporters.
At two meetings, 30 leading pangasius companies agreed to set out the floor price for the U.S. market in the middle of each month; as well as to inform VASEP about their contracts in order to prevent some companies to sell fish below the price.
(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.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(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.
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
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