In the case of Germany, this year local consumers are eating fish and seafood as never before. In 2011 the average per capita fish and seafood consumption in the country reached the record figures of 15.7 kilograms and this year continues to rise, along with retail prices. The biggest demand for fish is currently observed in the north of the country and in particular Hamburg, the country’s second largest city.
Matthias Keller, head of the German Fish Information Centre, comments "This confirms a long-term trend. Until the 1980s, the per capita consumption was only 11 kg. The consumption is growing despite the fact that the average selling prices for seafood and fish have increased last year by 3.6 per cent, higher than for other food products. Consumers are willing to pay that. In the future we will have to get used to higher prices for fish and seafood ".
According to German Fish Information Centre, currently Alaska pollock remains the most consumed type of fish in Germany, with a share of 23.3 percent, followed
by herring and salmon, with market shares estimated at 20 percent with 12.8 percent respectively.
French consumption is even stronger. Per capita consumption of fish in France is also growing and last year reached 32.4 kg per capita. Currently France ranks 5th in the EU in terms of per capita fish consumption, with Portugal the largest consumer with 61.6 kg, while Bulgaria is the lowest (4.2 kg).
France has never faced with a problem of low fish consumption, but has experienced production problems in its domestic fisheries. The country heavily depends on the fish and seafood imports from abroad, with local production providing only 38% of domestic needs. In comparison, during the 1990s the local production provided 68% of domestic consumption. One of the reasons for this shift is higher consumption, which has significantly increased since 1990s. New England, which exports significant seafood products to France such as scallops and monkfish, has benefited from the growth of this market.
(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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