By the end of February 2024, lobster exports had reached nearly 30 million USD, an increase of 1,746% compared to 1.6 million USD in the same period last year. Of which, scalloped spiny lobster (panulirus homarus) exports accounted for more than 90% with 27.6 million USD, an increase of 80 times, followed by ornate spiny lobster reaching 2.15 million USD, an increase of 45 times over the same period.
China is still the largest import market for Vietnamese lobster products, with a value of nearly 29 million USD, 27 times higher than the same period last year. Since October 2023, China stopped importing Vietnamese ornate spiny lobsters because of regulations related to the country's Wildlife Protection Law. To export ornate spiny lobsters to China, businesses must prove that the shrimp seeds are not caught directly from the sea, demonstrate a clear farming process, and not use breeds exploited from the wild, meaning they must be F2 generation; importers must have a license...
On January 20, 2024, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam led the Ministry's delegation to work with the people's government of Guangdong Province (China) on trade and agricultural development cooperation. Karma. In related working contents, the two sides also agreed to coordinate to handle problems in the import and export of sturgeon and ornate spiny lobster under a special mechanism and include it in the Protocol between the two countries. While waiting for the signing of the Protocol, China will consider and create a special mechanism for establishments to register to export lobster to this country.
While waiting for this special mechanism, many ornate spiny lobster farmers have switched to raising scalloped spiny lobsters. Demand for scalloped spiny lobster from China is still quite high; farmers still export live scalloped spiny lobster to this market, while only a small portion of ornate spiny lobster is exported here as frozen products.
In addition to China, Vietnam also exports scalloped spiny lobster and ornate spiny lobster to Thailand, Malaysia, and Singapore, and crayfish to the US.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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