Supplies of skipjack did not improve during the first quarter of 2012, and yellowfin became more limited. Following the Western and Central Pacific Fisheries Commission (WCPFC) decision to lift two partial fishing bans, the catch situation may improve in the near future, especially for skipjack.
In the Eastern Tropical Pacific Ocean, 2011 catches reached 540 000 tonnes, with skipjack at 272 700 tonnes representing a 60 pecent increase, yellowfin at 208 800 tonnes for a 9 percent decrease, and bigeye tuna at 44 100 tonnes, an 8 percent decrease. Ecuador and Mexico had the highest catches, followed at a distance by Panama, Venezuela and Colombia. The 2012 catch data for the area show a modest, 4 percent increase, but March prices for yellowfin and skipjack remained firm.
In Japan tuna imports fell again in 2011 to 236 400 tonnes, compared with 278 000 tonnes in 2010. Canned tuna imports were up after the March earthquake, as consumers looked for non-perishable products.
In the United States, 2011 was another disappointing year, as fresh and frozen tuna imports fell by 14.3 percent. Higher raw-material costs have caused some canneries to introduce smaller can sizes and add more non-tuna food ingredients such as vegetables to the can, especially as lunch-specials.
Despite high prices and economic stagnation, EU imports of canned tuna posted positive growth in 2011, reaching 353 500 tonnes, up by 4.6 percent in quantity. Ecuador maintained its position as the number one supplier closely followed by Thailand.
Thai canned tuna export volumes were flat during 2011 but values increased by a significant 18.3 percent. Thai imports of frozen tuna raw materials totalled 781 449 tonnes, 5 percent lower than in 2010.
In Japan, limited supply and good demand will keep tuna prices firm. In the United States, demand for non-canned tuna is improving, and the non-canned tuna market is expected to improve during spring and summer.
(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.
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