Specifically, from 1 July 2011 to 30 June 2012 there were a total of 124,489 tonnes of fish exported worth USD 315 million -- up by 6.53 per cent or USD 19.343 million -- compared with 133,926 tonnes worth USD 296 million in 2010-11. These achievements came despite a fall in the volume of exports and a continued ban on exports to the European Union (EU).
Faisal Iftikhar, chairperson of the Fisheries Exporters Association of Pakistan, connected the increase in the value of exports to a higher AUP of USD 2.53 per kg in 2011-2012 compared with USD 2.21 per kg in the previous period, Dawn.com reports.
Since the EU imposed its ban on Pakistani imports in April 2007 due to quality issues, the country has been losing out on USD 50 million each year in fish exports. At the same time, Pakistani exporters have been resourceful and found new markets -- with Egypt, Saudi Arabia and the Middle East chief among them -- for their products.
Fish exports to China remained brisk this year as exporters fetched a better price than what European countries may have offered for almost all varieties sold. The country has also become a big fan of Pakistani shrimp, Iftikhar said.
“China’s import of cuttlefish and squid from Pakistan has swelled around 90 percent within a shot period,” he stated, Business Recorder reports.
“EU cannot offer the price China pays to Pakistani exporters for cuttlefish, squid and a variety of shrimp products,” he also noted. It is estimated that 342,655 tonnes of fish and other products originated from Sindh and Balochistan, 207,540 tonnes of which were from Sindh.
Iftikhar believes the landing of fish, which was 6-8 per cent lower compared to the previous year, brought on the shortage of raw materials but that an 8.8 per cent devaluation of the local currency against the USD helped drive exports up.
He also said that there were reports that an EU mission may allow two exporting companies in Pakistan to resume exports to European countries after its visit to the country in September. Official sources informed also that the EU delegation might allow imports of fish once the EU inspects sanitation facilities in Pakistan, if they meet EU standards, Daily Times reports.
(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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