So far this year, seafood exports have amounted to NOK 22.6 billion (EUR 3 billion), an increase of NOK 1.7 billion (EUR 223.3 million), or 8 per cent, compared with last year.
"Seafood exports for the first five months of the year have never been higher than the value reached this year. This growth is primarily due to the high price of salmon, but it is also a result of an increase in the export value of various cod products in May," says Egil Ove Sundheim, Director of Market Information at the Norwegian Seafood Council.
Record salmon sales
Salmon exports reached NOK 2.6 billion (EUR 341.5 million) in May, a similar value to that achieved in May last year. So far this year, salmon exports have totalled NOK 14.5 billion (EUR 1.9 billion). Compared with the first five months in 2012, this increase is a massive NOK 3.1 billion (EUR 407 million), or 27 per cent.
In May, the average price of whole, fresh Norwegian salmon was NOK 41.89 (EUR 5.50) compared with NOK 30.15 (EUR 3.96) in May 2012. As with the previous month,
Trout exports increased by NOK 40 million (EUR 5.3 million) in May to make a combined value of NOK 172 million (EUR 22.6 million). So far this year, trout exports have totalled NOK 843 million (EUR 110.7 million), an increase of NOK 145 million (EUR 19 million) compared with 2012. The largest purchasers of trout from
Herring up, mackerel down
Herring exports increased by NOK 23 million (EUR 3 million) in May to a combined value of NOK 169 million (EUR 22.2 million). So far this year, herring exports have been worth NOK 1.1 billion (EUR 144.5 million), a decrease of NOK 777 million (EUR 102 million) compared with last year.
Mackerel sales fell by NOK 70 million (EUR 9.2 million) in May to a total of NOK 43 million (EUR 5.6 million). So far this year, mackerel exports have increased by NOK 415 million (EUR 54.5 million) to a total of NOK 574 million (EUR 75.4 million). The most important markets for mackerel are
Increase in fresh and frozen cod
Exports of fresh cod from fisheries, including fillets, increased by NOK 49 million (EUR 6.4 million) in May to a total export value of NOK 101 million (EUR 13.3 million). In May, frozen cod exports, including fillets, increased by NOK 55 million (EUR 7.2 million) to a total of NOK 160 million (EUR 21 million).
(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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