FIMEX VN (Code: FMC), a member of the PAN Group, has just announced that its March sales reached 18.5 million USD (422 billion VND), up nearly 6% over the same period last year.
In March, the company's finished shrimp products reached about 1,960 tons, compared to 1,489 tons in the same period last year. Finished agricultural products also grew at 270 tons, 2.2 times higher than the same period last year. Farmed shrimp, in general, grew stably, which was quite good for the whole farm.
Accumulated in the first 3 months of the year, FIMEX VN's sales reached 58.7 million USD (about 1,338 billion VND), up 39% over the same period last year.
In 2022, FIMEX VN plans to achieve consolidated sales of 230 million USD (about 5,290 billion VND), an increase of 11.3%; profit before tax is expected to reach at least 320 billion VND, up 10.7% compared to 2021. Hence, in the first 3 months of the year, FIMEX VN has fulfilled about 25.5% of the annual sales plan.
According to SSI Research’s latest report, in 2022, FIMEX VN may focus on its main export market, Japan (accounting for 28% of total export turnover in 2021), due to less competitiveness, the higher average selling price, as well as Japan's preference for value-added products and lower transportation costs. However, as demand in the US remains strong, FIMEX VN has recently signed a new contract with Costcowhorors supermarket.
Experts estimate that FIMEX VN shrimp sales will increase by 20% this year, while the average selling price of shrimp will increase by 2.5% over the same period. Although the cost of raw shrimp does not fluctuate like pangasius, FIMEX VN is expected to improve its gross profit margin in 2022 from 10.2% in 2021 to 11% in 2022, due to the expansion in Japan market.
Compiled by Phuong Linh
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(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.
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