Vietnam Pangasius has begun to be noticed by Japanese customers so far. Consumers in this country also know more about pangasius products of Vietnam. In 2019, for the first time, Japan entered the top 10 largest pangasius importers of Vietnamese enterprises. In the first quarter of 2019, pangasius export value to this market grew very positively from 31.6 to 98.5% over the same period in 2018. However, in the second quarter, the export value decreased in several months, resulting in declining in the general growth. By the end of September 2019, export growth increased by only 2.6% and it was not as expected. But up to this point, it can be said that Japan is a new and potential market for Vietnamese pangasius.
In the first 9 months of 2019, pangasius enterprises in Dong Thap, Tien Giang, Can Tho and Ben Tre focused on exports this product to Japan. In addition to the traditional frozen pangasius fillet products, businesses also diversified a wide range of items such as frozen pangasius fillet slices, frozen pangasius fillet kirimi, frozen pangasius slice. ... Some frozen pangasius products (under HS 1604) such as pangasius breaded, breaded pangasius slice…
According to the latest statistics of ITC, in the first 8 months of 2019, Japan continued to increase imports of white fish, of which Alaska pollock product (HS code 030475 - 94) accounted for a large proportion, from 60 - 92% of total imports, followed by frozen pangasius fillet products (HS code 030462). In particular, Vietnam was the third largest supplier of white fish products for Japan (after the US and Russia). Japan also imported many Alaska pollock and cod products from the US and Russia.
Japanese importers are still continuing the exploration of Vietnam's pangasius market to supplant some traditional but high-price seafood products (such as eels) in this country. Vietnamese pangasius enterprises are also in the period of "exploring" this market, so they are gradually grasping the tastes of consumers and importers. In the time to come, Japan will be a potential market for export expansion. However, due to the continuous decrease in export value in the second and third quarters, it is forecasted that in 2019, the total export value of pangasius to Japan shall increase by only 5-7% compared to the same period in 2018.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn