This year, Meg Major reports one retail executive told PG: “Overall, 2013 was a consistently good year from both a dollar and pound standpoint. Consumers were still buying our biggest driver, shrimp, even as price increases were passed on. It was probably one of the best years we’ve seen with our seafood sales in recent memory.”
PG’s survey for shrimp showed average dollars per store per week of $1,861, which is a 2.5% increase from the prior year. Volume declined by 2.1%, and promotional sales were cut back a relatively large 3%. Average retail prices were $8.04 which is up 7.7% from a year ago.
Other news from the survey was quite good, according to Major. For the first time ever in the twenty year history of this survey, not one of their retail panelists projected decreased seafood sales in 2014. 45.5% projected increased sales, and 54.5% anticipated static sales.
Other positives noted by Major were stronger demand for wild-caught products, certified sustainable products, and seasonal choices.
Within fresh seafood, the fin fish category increased average dollars and volume during the latest 52 weeks (up 3.5% and 5.3% respectively).
The crustaceans category (which includes crab and lobster, but not shrimp) had the largest growth within fresh seafood, up 7.2% in average weekly dollar sales and 12.7 percent in volume, aided by a 2.1 percent dip in average retail price.
The weekly dollar sales reported were $2,580 for finfish, $1,861 for shrimp, $717 for crustaceans, and $252 for mollusks.
The most interesting aspects of this survey, going into the Boston seafood show, is the confidence boost it gives retailers that consumers will stick with seafood, driven by increased interest in health and the variety of seafood products available.
With the decrease in promotional spending, another thing highlighted by Meg Major was the increased role for partners like Alaska Seafood Marketing Institute and the Louisiana Seafood Marketing Board in developing retail promotion activities.
Navico, or Nam Viet Joint Stock Company, stands as one of Vietnam's pioneering enterprises in the farming, processing, and export of aquatic products, particularly pangasius (catfish). Established in 2000 in An Giang Province – the largest aquaculture hub in the Mekong Delta – Navico has solidified its position in the international market through superior product quality and a commitment to sustainable development. On April 4, 2025, Navico signed a green trade credit agreement with United Overseas Bank (Vietnam) (UOB Vietnam), marking a significant milestone in its journey toward green transformation.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
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