Russia was one of the largest suppliers of whitefish in the world. In 2018, the country exported over 959.7 thousand MT of whitefish with a total value of about $ 1.55 billion to China, the Netherlands, South Korea, Norway, the UK and Belarus ... Frozen pollock Alaska products (HS 030367) accounted for the largest proportion in the export structure of Russian whitefish products, accounting for nearly 48% of total export value of white fish. Followed by cod products (HS 030363), Alaska pollock fillets (HS 030475), cod fish fillets (HS 030471) ... It can be said that in 2019, Russia are headed exports whitefish mainly towards the Asian markets (China was the largest trading partner), and some EU markets (the Netherlands, the UK, Germany, Denmark ...).
Besides huge export activities, Russia was also a large importer of white fish. In particular, Vietnam was one of the major suppliers for this market. However, in the last 2 years, pangasius imports of Russia from Vietnam have decreased and not many pangasius enterprises have exported stably in this market.
In the past 5 years, Russia has always been in the top 10 largest importers of Vietnamese enterprises, especially pangasius/basa products (red meat). But in the last 2 years, pangasius import of Russia has always decreased and remained at a low level, the average import prices were not stable and not really attractive.
In the first 10 months of 2019, the total value of pangasius exports to Russia decreased by 30.9% over the same period in 2018. This was a further decline compared to the previous reduction in 2018. By the end of October 2019, the total value of pangasius exports to this market was only US $ 12.5 million, equivalent to the value of pangasius exports to Italian market. It is forecasted that pangasius exports to Russia will continue to decrease in the fourth quarter of 2019.
(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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