In 2012, Russia increased frozen cod fillets exports to the EU by 25% to 55,890t in 2012; while Norwegian frozen fillets to the EU decreased by 8% to 28,896t in 2012.
“The most important factor behind this is the structural alteration to the fishing fleets of Norway and Russia,” states the report, entitled Finfish 2013, and published by AIPCE-CEP.
Iceland also decreased its sales of frozen fillets into Europe, with volumes dropping 12% to 59,320t for 2012. Icelandic companies are selling more frozen-at-sea (FAS) vessels, for financial reasons, with a Russian company buying one FAS trawler last week, from Fisk Seafood.
While Iceland is moving more toward fresh fish and land-frozen fillet production, Russia has turned its attention to expanding its processing vessel fleet, the Norwegian fleet has moved away from processing at sea to boost headed and gutted (H&G) and frozen whole production.
The increase in frozen whole has boosted exports from Norway to the EU, up by 36% in 2012 to 33,807t, the report shows.
As Norway has been increasing H&G volumes for exports, value-adding processing has taken place in other countries. The biggest importer of frozen groundfish –mainly cod — from Norway in 2013 was China, with imports valued at NOK 1.3 billion ($210 million). This is 23% more compared to the previous year, according to the Norwegian Seafood Council.
However, data for 2012 shows China decreased frozen cod fillets exports to the EU by 10%, from 137,293t in 2011 to 122,986t after several years of exports growth. This could be due to species substitution as cod was still relatively more expensive than Alaska pollock and haddock in 2012, according to the report.
“Another factor could be the effect of de-stocking to the mid-year announcement of a 33% quota increase in the Barents Sea (250,000t) that led the market to anticipate lower prices ahead,” shows the report, referring to the market shock from the million-metric-ton cod quota in 2013. The Barents Sea cod quota has been adjusted down by 7,000t for 2014.
Chinese re-processing, at risk of contracting
China preeminence in fish re-processing is backed by a strong infrastructure and investment, the report says, but the country is currently facing challenges in the sector that may begin to erode its overall processing capacity.
As previously reported by Undercurrent News, production costs for re-processing have increased. This means that attracting cheap labour to the fish processing sector is becoming harder, the report shows. Also, the advantage of processing by hand, is being affected by the development of improved technology and efficiency in EU factories for certain formats.
The importance of cod processing in Europe is still evident, the report shows: with imports of around 133,000t of H&G and 39,000t of fresh whole, in addition to EU catches of 144,000t, processing is one of the core sectors of the industry.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
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