In value alone, these exports compared with $9.5 billion from Norway, $4.5 billion from Russia, $4.2 billion from Vietnam, $3.9 billion from Chile, and $3.7 billion from Canada, said seafood economist Andy Wink of Juneau's McDowell group.
The total 5.5 billion pounds of seafood harvested in Alaska in 2012 accounted for 56 percent of all domestic commercial fisheries production, Wink told participants at the ComFish 2014 meeting in Kodiak. The bulk of that harvest, 53 percent, was Alaska pollock, with another 30 percent being Pacific cod and other groundfish.
Salmon comprised 12 percent, followed by crab (2 percent), herring (2 percent), and halibut and black cod (1 percent), Wink said, in his presentation on Alaska seafood economics and market trends.
Based on ex-vessel value alone, McDowell Group estimated the breakdown was salmon, 29 percent; Alaska pollock, 25 percent; Pacific cod and other groundfish, 16 percent; crab, 16 percent; halibut and black cod, 13 percent, and herring, 1 percent, based on data provided by federal and state fisheries agencies.
The economic impact on Alaska included the creation of jobs for an estimated 40,000 residents, including employment of one in every four residents of Western Alaska at some point in the year. Adding the multiplier effects, a total of 77,400 jobs for workers were created, the commercial seafood industry directly accounted for 7 percent of all resident income in the private sector, and backhaul lowered freight rates by as much as 10 percent, Wink said.
On a national scale, the Alaska seafood industry created jobs for an estimated 165,800 Americans, with an economic output of $15.7 billion, including $6.4 billion in labor income.
Looking ahead to the fast approaching fishing season, Wink said some key issues for the short term for salmon include increasing sales of the large canned pink salmon inventory, while retaining the value of canned red salmon. Demand for keta salmon, meanwhile, has been improving, he said. Long-term issues include differentiation of domestic and export markets and shifts in product form.
For the Alaska pollock market, key issues will include MSC certification of Russian pollock, the future of the Japanese pollock roe market and the stagnant overall value, Wink said.
Demand for Pacific cod is improving, but there is still a large supply on hand and the Brazilian Bacalao (salt cod) market is getting more competitive, he said.
For Alaska shellfish markets, the McDowell Group report noted that the outlook for Russia's illegal, unreported and unregulated harvest is down for 2014, but that Russian king crab total allowable catches are up, and there is a new Russian snow crab fishery. Another issue is the impact of weaker Japanese yen.
Looking further into the future, challenges will include continuing to develop markets, and new products, and boosting prices for about 80 percent of the seafood, which has a wholesale value of less than a dollar a pound, he said.
McDowell Group also produced a lengthy report on the economic value of Alaska's Seafood Industry for the Alaska Seafood Marketing Institute in July 2013.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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