Catch volume is low while the domestic market continues to show increasing demand for fishery products. Besides, higher fish quotas would place fishery resources at risk while not enhancing significantly seafood supply security for Australians.
Australia has to import a very large volume of seafood from different supplying sources in the world to meet the consumption. Imported seafood products make up 70 percent of national consumption. The seafood imports into the country have remained growth since 2011 and just saw a drop of 10 percent in 2008.
In 2012, Australia spent US$824.5 million to import seafood products (HS code 03), increasing 10.9 percent against the previous year. Vietnam ranked third among Australia’s suppliers with total value of US$121.7 million, after New Zealand (US$172.04 million) and China (US$160.9 million). Vietnamese exports of frozen fish fillets (HS code 0304) to this market valued at US$65.2 million.
Frozen hake fillets were 5,729 MT, representing the largest part in Australia’s total imports of frozen fish fillets in 2012.Frozen pangasius and catfish fillets from Vietnam, China, Singapore, Thailand and Myanmar ranked the second with 5,560 MT.
In the first half of 2013, Australia sourced 3,191 MT of frozen hake fillets from 8 countries, up 26.8 percent from the same period of 2012. It also consumed 2,549 MT of frozen pangasius from Vietnam up 47.8 percent. Vietnamese pangasius products are accepted to appear in Australian fish outlets thank to high quality, food safety and goof flavour.
Australian economy has got the lowest growth over the recent two years, leading to cutting expenses for consumption. However, the country has stayed out of economic downturn over consecutive 22 years. With a population of 23 million of people and an average income of US$60,000 per person per year, Australia will still be a potential market for international seafood exporters in the coming time.
|
Australian imports of frozen pangasius and catfish fillets, kg, |
||||||
|
Origin |
Q.I/2012 |
Q.II/2012 |
Q.III/2012 |
Q.IV/2012 |
Q.I/2013 |
Q.II/2013 |
|
Vietnam |
728,143 |
1,022,756 |
1,313,328 |
1,809,715 |
1,026,972 |
1,522,070 |
|
Thailand |
0 |
0 |
0 |
9,700 |
10,400 |
20,120 |
|
Myanmar |
0 |
0 |
8,974 |
0 |
0 |
0 |
|
China |
0 |
0 |
17,000 |
0 |
0 |
0 |
|
Singapore |
0 |
0 |
15,266 |
0 |
0 |
0 |
|
Source: ITC |
||||||
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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