Japanese people love eating traditional food like sushi, sashimi, tempura and udon that are mainly processed from seafood such as salmon, tuna and shrimp. Most restaurants in
In contrast, pangasius value-added products, especially the breaded items, have surprisingly attracted many Japanese visitors to Japan Foodex 2013 in early March.
Some Vietnamese exhibitors said that breaded pangasius and other value-added products have great potential in
Fish and fish products are traditionally indispensable in Japanese people’s food culture; the country always has a high seafood demand for its domestic consumption.
However, Japanese purchase is slowing down and even got drop in some groups of fish like frozen fish (HS code 0303), live fish (HS code 0301). Some others, including frozen fish fillets (HS code 0304) reported just a slight rise in import.
According to statistics from the International Trade Center (ITC), frozen fish fillets imported into
Among
Of frozen white meat fish fillets imported into
Like the EU and
Import of seafood (HS code 03) by Japan, MT |
||||||
HS code |
Products |
2008 |
2009 |
2010 |
2011 |
2012 |
0303 |
Frozen fish |
861,680 |
810,897 |
832,579 |
783,189 |
776,140 |
0304 |
Frozen fish fillets |
468,878 |
395,888 |
445,551 |
491,489 |
503,266 |
0306 |
Crustacean |
278,756 |
270,815 |
262,942 |
263,259 |
270,921 |
0307 |
Mollusk |
217,326 |
222,091 |
221,871 |
217,872 |
211,196 |
0302 |
Fresh fish |
77,074 |
79,287 |
70,204 |
65,378 |
72,571 |
0305 |
Dried fish |
17,748 |
17,530 |
18,236 |
18,895 |
19,536 |
0301 |
Live fish |
26,624 |
21,453 |
25,192 |
18,912 |
14,037 |
(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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