Stable foreign exchange market, recovering prices in some markets have supported Vietnam shrimp exports in the first 3 months of the year. Concerns about the impact of the final rule on USDA catfish inspection program have pushed up Vietnam's exported pangasius prices in the first three months of this year, so that export value to the U.S. market increased. However, exports of tuna and cephalopods continued negative growths because of supply shortages.
Exports to the major markets were rising, in which sales to the U.S, China and ASEAN had 2 digital growth rates (to the U.S. increased 15%, China up 31% and 18.8% increase to ASEAN). Increases in exports of shrimp, pangasius have made U.S. proportion larger than in the same period a year ago. China and ASEAN became potential markets, while the EU, Japan and South Korea are fading.
In 2016, Vietnam seafood business will continue to face challenges such as reduced prices, non-tariff barriers, anti-dumping tariffs, lack of raw materials... However in an attempt to overcome difficulties, Vietnam seafood businesses hope to reach positive growths compared to 2015.
Seafood exports in the second quarter of 2016 is forecast to increase over the previous year. However, the production and exports of the second half of the year will likely be affected when pangasius, shrimp resources decline.
Report on Vietnam seafood exports in Quarter 1/2016 published on May 6, 2016 and provide businesses and readers with overview on Vietnam seafood production and exports in the first quarter, analysis on import demands of markets; competitiveness of the rival countries and results of production and sales of seafood business, compared with the same period last year. The report also identifies opportunities, challenges and forecasts on seafood production and exports in 2016.
Enterprises and readers who are interested in the report, please contact Ms. Nguyen Thu Trang - Mobile: 0906 151 556 - Email: nguyentrang@vasep.com.vn
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
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