For the year to date, the value of seafood exports has totalled NOK 17.8 billion (EUR 2.3 billion), an increase of NOK 806 million (EUR 105.8 million) or 5 per cent from the same period last year.
Norwegian salmon exports set new record
The value of salmon exports in April totalled NOK 3 billion (EUR 393.7 million), an increase of NOK 833 million (EUR 109.3 million) or 38 per cent compared to April last year and marking a new record for the month of April.
This year to date, the value of salmon exports has totalled NOK 11.1 billion (EUR 1.5 billion). This is an increase of NOK 2.3 billion (EUR 301.8 million) or 25 per cent compared to the same period last year and is attributable to higher export prices.
The average price for fresh whole salmon in April was NOK 42.01 (EUR 5.51) per kg, compared to NOK 29.58 (EUR 3.88) per kg in April 2012. France and Poland are the two biggest markets for salmon.
In April, exports of fjord trout were up in value by NOK 53 million (EUR 6.96 million) to a total of NOK 194 million (EUR 25.5 million). This year to date, the value of exports of fjord trout has totalled NOK 675 million (EUR 88.6 million), an increase of NOK 131 million (EUR 17.2 million) compared to the same period in 2012. The biggest markets for fjord trout are Russia and Belarus.
Herring and mackerel exports down
In April, exports of herring and mackerel were down in value by NOK 50 million (EUR 6.6 million) to a total of NOK 149 million (EUR 19.6 million). For the year to date, the value of exports of herring has totalled NOK 958 million (EUR 125.7 million), a decline of NOK 793 million (EUR 104.1 million) compared to the same period last year. Russia and Germany are the biggest markets for herring.
Mackerel exports fell in value in April by NOK 39 million (EUR 5.1 million) to a total of NOK 57 million (EUR 7.5 million). This year to date, mackerel exports from Norway have been down in value by NOK 344 million (EUR 45 million) to a total of NOK 532 million (EUR 69.8 million). Ukraine and China are the biggest markets for mackerel.
Clipfish exports up in value
Exports of clipfish increased in value in April by NOK 33 million (EUR 4.3 million) to a total of NOK 179 million (EUR 23.5 million). This figure breaks down into NOK 103 million (EUR 13.5 million) for cod and NOK 63 million (EUR 8.3 million) for saithe, with the remainder accounted for by ling, tusk and other groundfish.
The value of exports of salted fish including fillets in April was on a par with April 2012 and totalled NOK 118 million (EUR 15.5 million), of which NOK 116 million (EUR 15.2 million) was accounted for by cod exports.
Growth in exports of fresh and frozen Norwegian cod
Exports of fresh cod including fillets from fishery in April increased in value by NOK 73 million (EUR 9.6 million) to a total of NOK 195 million (EUR 26 million). Exports of frozen cod including fillets also increased in value in April, by NOK 3 million (EUR 393,662) to a total of NOK 110 million (EUR 14.4 million).
(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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