In the first eight months of 2012, cephalopod and bivalve mollusk took up 90 percent of mollusk exports of Vietnam. Cephalopod exports in the first eight months showed growth of 7.1 percent in comparison with that of the same period of last year.
However, several months in the period saw the negative growth of this kind of seafood. Bivalve mollusk sales to markets in Jan – Aug 2012 has been ups and downs in each month. In January, bivalve mollusk exports decreased sharply 44 percent over the same month of 2011 and continued to go down from April to August following rebind in February and March.
2012 is the consecutive third year when bivalve mollusk exports of Vietnam faced to a gloomy prospect.
Lower demand of EU affected to bivalve mollusk sales of Vietnam in the first eight months of this year. This year, raw material of mollusk in the domestic market increased over the last year but orders from EU customers has lessened which leading to lower exports of mollusk.
Reports on seafood consumption in EU by CBI (Center for the Promotion of Imports from developing countries), mollusk products, used to be favorite food of Southern European, have not been appeared in the households. To Western and Northern European people, in the current situation, mollusks become luxury items.
According to International Trade Center, in June 2012, world demand to mollusk products decreased 15 percent over June 2011 and continues to go down 3.55 percent in July. In the two months, mollusk exports into South Korea, Japan, the U.S, Italia, France and China showed negative growth of 2 – 15 percent due to impacts of economic crisis.
In the last months of the year, it is expected that mollusk (especially cephalopod) exports of Vietnam would recovery thanks to higher demand in international markets in end-year holidays.
(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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