Farmed salmon. The supply of farmed salmon is projected to grow around 12 percent in 2012, with exporters looking to new markets such as Brazil, Russia, China and India. Shipments to these markets increased by 20 percent in 2011, reaching more than 210 000 tonnes.
Long-term growth in the EU and US markets is also positive, as are recent developments in the Japanese market. Consumption of 2011 farmed salmon increased 7 percent in the EU, 10 percent in the US and 30 percent in Japan. The long-term prospects for fish consumption in Japan remain negative because of an ageing and stagnating population.
In Norway, production has risen 33 percent since 2008, with new growth projected for 2012. Chile saw the strong production growth of 2011 continue during early 2012. Its 2011 salmon exports totalled almost 260 000 tonnes, up more than 50 percent. In value terms, the increase was even higher – 63 percent, totalling USD 1.9 billion. South American countries now account for 32 percent of Chile’s exports, reaching 47 000 tonnes in 2011, with Brazil as the main market in the region.
Wild salmon. Wild Pacific salmon remains important in overall supply, representing about 30 percent of the total market. In recent years, wild salmon harvests have been around 1 million tonnes annually, but there can be large annual swings. A large portion of wild salmon is shipped to China for processing and re-export.
SMALL PELAGICS – MACKEREL, HERRING, SARDINES
Mackerel. New fish migration patterns are causing headaches for mackerel fishing nations in Northern Europe. Despite negotiations among the EU, Norway, Iceland and the Faroe Islands during early 2012, there is still no agreement on a total mackerel quota. As a result, the unilateral quotas are too high, with parties in the conflict accusing each other of acting irresponsibly.
Meanwhile, Norwegian mackerel exports declined 11 percent in volume last year, but prices were up significantly. Japan was the main market, importing 75 200 tonnes in 2011, a 5 percent increase, followed by China with 57 700 tonnes, up 13 percent, and Turkey, which had a 26 percent decrease. Thanks to improved catches, Norway’s mackerel export volumes recovered during the first quarter of 2012 by 21 percent, to 58 000 tonnes. China is now importing more mackerel from Norway, but most of this is re-exported to Japan.
With higher mackerel catches anticipated in the short run, the high prices experienced lately may come down during the next quarter.
Herring. Herring has had a bonanza, due to lower catches that pushed prices sky high during 2011 and early 2012, with prices now 60 percent higher than a year ago. Norwegian catches and export volumes continued to decline during early 2012.
Canned sardines. The canned sardine market in Europe continues to decline. Shipments of sardines to the three most important European markets – France, UK and Germany – fell a further 18 percent last year, with the largest reduction registered in France where imports fell from 16 700 tonnes in 2010 to 12 300 tonnes in 2011.
(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.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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