The exports crossed earlier records in quantity, rupee value and US dollar terms. Based on quantity, the country exported 9,28,215 tonnes in 2012-13. In rupee and dollar terms, the growth was 13.61% and 0.1%, respectively.
"Increased production of Vannamei and Black Tiger shrimp and increased export of chilled items have helped to achieve higher exports. Frozen shrimp continued to be the major export value item, accounting for 51.35% of the total US dollar earnings," she said.
According to Mpeda, shrimp exports rose by 20.88%, 18.73% and 3.56% in quantity, rupee value and US dollar value, respectively. There was steep drop in unit value realization of frozen shrimp at 14.33%," highlighted Nair.
"The increase in export figures must be viewed in the light of weaker economic conditions in the European Union, still recovering economy in the US, moderate growth in China, technical barriers in trade with Japan, continuing anti-dumping duty and the possibility of countervailing duty on frozen shrimp by the US, and the devaluation of Indian currency. Supply conditions in other countries have also recovered in comparison to the previous year," said Nair.
Meanwhile, fish has retained the position as the principal export item in quantity terms and the second largest export item in value terms, accounting for a share of about 37.05% in quantity and 17.59% in US dollar earnings.
Mpeda chief also saidthat the country expects to achieve seafood exports worth $4.3 billion for the current fiscal year. Among potential markets, the agency targets
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(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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