Seafood exports in March is estimated at about US$447 – US$450 million, down 17-18 percent against the same month in 2012 due to decreasing demand from importers and lack of raw material.
Domestic shrimp producers are facing shortage of raw shrimp caused by diseases and
Shrimp exports are estimated to reduce by 10 percent to US$160 million in March and by 7.9-8 percent to US$400 million in the first three months of the year.
Exports of pangasius saw a year-on-year decrease of 13 percent to US$140 million in March, driving down total pangasius export earnings in the first quarter to US$393 million, a fall of 7.6 percent from a year ago. Pangasius exporters are still confronting with difficulties in capital and importing markets. They also suffer from low average fish price and technical barriers imposed by main importing markets.
Tuna exports rose to US$145 million in first 3 months of 2013, up 12 percent compared to the same period of last year, but down 16 percent in March. Despite positive tuna catching in the first months of the year, processors still lack tuna eligible for export. Many fishermen tend to shift to catch tuna by pole and line (to cut down costs and raise productivity). This fishing method slashed tuna’s quality. The trend is likely to continue in coming months, resulting in decline in tuna production for exports.
Marine finfish sales decreased by 28 percent to over US$60 million in last month, resulting in a 9 percent drop in Jan – Mar. Cephalopod exports saw a sharp decrease of 34 percent and 22 percent in March and the first quarter, respectively. Cephalopod exports in QI reached over US$100 million.
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|
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|
PRODUCTS |
Feb 2013 |
Mar 2013 (Est.) |
Compared to Mar 2012 (%) |
QI/2013 (Est.) |
Compared to QI/2012 (%) |
|
Shrimp (HS code 03 and 16) |
93.203 |
159.480 |
-10.6 |
401.743 |
-7.9 |
|
including: - Whiteleg shrimp |
35.836 |
60.072 |
+2.7 |
152.301 |
+4.1 |
|
- Blacktiger shrimp |
50.188 |
85.284 |
-13.1 |
211.983 |
-9.8 |
|
Pangasius (HS code 03 and 16) |
90.213 |
139.784 |
-13.2 |
393.264 |
-7.6 |
|
Tuna (HS code 03 and 16) |
50.627 |
46.724 |
-16.0 |
145.225 |
+12.0 |
|
including: - Tuna (HS code 16) |
13.840 |
19.238 |
+11.8 |
52.274 |
+38.3 |
|
- Tuna (HS code 03) |
36.787 |
27.486 |
-28.5 |
92.951 |
+1.1 |
|
Other finfish (HS code 0301 to 0305 and 1604, ex. tuna and pangasius) |
34.111 |
60.364 |
-28.2 |
166.232 |
-8.8 |
|
Mollusk (HS code 0307 and 16) |
19.391 |
35.432 |
-34.3 |
101.590 |
-22.0 |
|
including: - Octopus and squid |
14.719 |
29.072 |
-37.3 |
83.719 |
-26.1 |
|
- Bivalve mollusk |
4.672 |
6.156 |
-19.2 |
17.313 |
+2.7 |
|
Crab, swimming crab and other crustacean (HS code 03 and 16) |
3.983 |
4.904 |
-34.5 |
17.175 |
-16.0 |
|
TOTAL |
291.858 |
446.688 |
-17.4 |
1225.229 |
-7.5 |
(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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