In the structure of exported marine products, cephalopod products account for nearly 55% of the total value, reaching more than $69 million, up 9% over the same period, followed by other fish (except for other fish species). tuna and tra fish), accounting for nearly 42%, reaching nearly 53 million USD, up 5% over the same period. Notably, Vietnam's tuna exports to South Korea increased "gallopingly" over the same period, up 228%.
South Korea is Vietnam's largest import market of cephalopods, accounting for 42% of total export value in the first four months of 2021, reaching $69 million, up 9% over the same period in 2020. Korea increased 29% imported octopus, down 34% imported squid from Vietnam. The preferential tax rate of 0% is an advantage for enterprises to increase exports of fresh and frozen octopus to this market, increase market share in this market and maintain the position of the largest octopus supply for Korea.
Top 10 enterprises exporting cephalopods from Vietnam to Korea accounted for more than 52% of the total export value of the group of products. In which, Hop Tan Seafood, Mai Linh Co., Ltd and Kien Cuong Seafood are the three largest export companies, accounting for 25% of the total value of cephalopod exports to Korea.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
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