In the period from 2019 to 2022, Vietnamese shrimp exports to the Middle East ranged from 41.5 million USD to 49.8 million USD. Shrimp exports to this market block tend to grow continuously from 2020 to 2022. In 2023, the unstable world economy poses many challenges for seafood exports in general and shrimp in particular. Therefore, Vietnamese shrimp exports to the Middle East certainly face a decline, but the decline is somewhat lighter than in other markets. The largest single import markets of Vietnamese shrimp in the Middle East region are Israel, Saudi Arabia, the UAE, Qatar, Lebanon, Turkey, Iran, Kuwait, etc. In the first 10 months of 2023, Vietnamese shrimp exports to some markets in the Middle East region recorded an increase compared to the same period last year, such as Saudi Arabia recording a 42-fold increase (reaching 7.6 million USD) and Iran recording an 8-fold increase (reaching 1.7 million USD), to Kuwait and Lebanon recorded double-digit growth; exports to Oman increased 16 times, and exports to Qatar increased 4 times.
The Middle East market area is considered potential because this area is not strong in fish farming and processing, so it depends heavily on food supply from imports. Natural conditions such as weather and soil are not favorable or suitable for agricultural production. To meet domestic demand, the Middle East must import up to 80% of food and foodstuffs, equivalent to 40 billion VND per year. Demand for seafood, including shrimp, is growing strongly, especially in markets such as Saudi Arabia, the UAE, etc. The Middle East market area has high requirements for imported food products, such as requiring Halal certification. Suppliers are required to process and package appropriately to meet this standard. This is a potential market for Vietnamese seafood, where the purchasing power is on par with the ASEAN market, and the potential can increase three times if it’s focused on development. There needs to be more information channels about the needs and requirements of this market area, along with support from state programs on market promotion, so that businesses have more development channels and increase export space here.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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