In 2010 – 2011, Australian seafoods import value increased 1 percent (US$16.3 million) to a total of US$1.5 billion. In which import of seafood for human consumption reached US$1.3 billion, representing 83 percent, up 2 percent as the result of stronger value of Australian currency.
According statistics from Vietnam Customs, in the first half of 2012, Vietnam earned US$82 million of export to Australia. Shipment of pangasius products gained US$21.3 million and accounted for 25 percent.
Australia consumes mainly frozen and fresh fish fillets, especially white fish species. Therefore, pangasius from Vietnam becomes more and more popular with Australian consumers because of its good flavour and high nutrition source.
Though export of Vietnam seafood to the market kept great growth in value of nearly 35 percent in the first six months of 2012, pangasius sales reported slightly drop of 6 percent compared to the same period last year, with the deepest fall reported in March 2012. In February and April 2012, fish sales to Australia showed recovery but reached only US$4 million, lower than the record of US$4.7 million in May 2011.
Recently, seafood price is predicted to rise along with higher carbon tax regulated by the government. Consumers in Australia have to pay more for seafood as the new carbon tax will lead to soaring price of fuel used in fish freezing and reservation activities and transportation cost in the chain of food production and services, from fish gearing in marine areas to retail destinations.
ASEAN - Australia - New Zealand Free Trade Agreement was signed on February 2009 and took effect from 1st January 2010. Accordingly, Australia committed to reduce import tax on imported fish from Vietnam to zero level. This good news will help Vietnam pangasius exporters to this market to strengthen their competitiveness against other fish suppliers.
(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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