World fisheries and aquaculture production is projected to rise to about 172 million metric tons in 2021, 15 percent up from the average level for 2009-2011, the UN's Food and Agriculture Organization (FAO) said in a report, reports Reuters.
A 33 percent surge in output of aquaculture, or farming fish, crustaceans, mollusks and aquatic plants, over the period of 2012-2021 to 79 million metric tons compared with the 3 percent growth of capture fisheries, it said.
"Aquaculture will remain one of the fastest-growing animal food-producing sectors," the report said.
By 2018, farmed fish is expected to exceed captured fish for human consumption for the first time and its share is seen at 52 percent in 2021.
Fish demand has been on the rise because fish and fishery products represent a valuable source of protein and essential micronutrients for balanced nutrition and good health.
In 2009, fish accounted for 16.6 percent of the world population's intake of animal protein and 6.5 percent of all protein consumed, the FAO said.
World per-capita apparent fish consumption is expected to rise to 19.6 kilograms in 2021, 16 percent higher than the average level for 2009-2011, but the pace of growth will slow as prices rise, it said.
World trade of fish for human consumption is expected to expand by 25 percent in 2012-2021 and fisheries supply chains would continue to be globalized, with a significant share of total fishery production being exported, the report said.
(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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