Meanwhile, the price of cod fell over the same period from an average of NOK 22.31 (€2.9/$3.8) per kilo FOB in 2012 to an average of NOK 17.06 (€2.2/$2.9) per kilo in 2013 -- a drop of 23.5 percent.
During week 33 alone, Norway exported 303 metric tons of cod at an average price of NOK 23.22 (€3/$3.9) per kilo, while in the same week a year earlier the tonnage stood at 249 metric tons and the price was NOK 22.36 (€2.9/$3.8).
Denmark was the biggest market for Norwegian cod exports with 20,499 metric tons over the 33 week period in 2013, almost doubling the amount exported to Denmark over the same period in 2012 when it was 10,634 metric tons. This represented an increase in exports of 92.7 percent year-on-year.
France followed Denmark as the second largest market for Norwegian cod exports, receiving 3,440 metric tons in the first 33 weeks of 2013 compared with 1,399 metric tons in the same period a year earlier. An increase of 146 percent.
In week 33 alone Norway exported 47 metric tons of fresh cod to France, up 176.4 percent from the 17 tons it exported in week 33 in 2012. The average price over this period dropped from NOK 23 (€2.9/$3.9) to NOK 19.6 (€2.5/$3.3) per kilo FOB a decrease of 14.8 percent.
(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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