Through July 2012, France gained the third rank in the list of the leading importers of Vietnam cephalopod due to decrease in the market share of Italy and Belgium. and Vietnam marine product exporters’ shift in export structure.
In January 2012, contrary to decline in Vietnam cephalopod exports to many European markets, exports to France witnessed an impressive growth. In the first two months of 2012, export value of this item to France rose over 1,000 percent against the same period of 2011 and in February alone, exports to the market marked a surprising advance of 16,700 percent from that of February 2011. Continuous growth in exports to the market was in turn recorded in each month: March with 254 percent, April with 88.4 percent, May with 21.3 percent and June with 82.7 percent. Till the end of July 2012, cephalopod export value to France recorded the strongest growth in EU block of 81 percent in which export value of frozen, fresh, live squid increased nearly double-fold over that of the same period of last year.
According to statistics, the price of squid and cuttlefish in 10 recent years has been soaring uninterruptedly. During 2005 - 2010, average import price of these species increased 2.2 mỗi percent per year. The growth in average import price in developing countries was slower with 0.8 percent per year. In 2012, average import price of squid and cuttlefish was EUR2.5 – 2.8 per kilogram. Developing countries and countries enjoying Generalize System of Preferences (GSP) enjoyed a zero rate of duty for exports to the market while the average rate of duty for importing squid into the market was 6 percent. Thus, Vietnam exporters of cephalopod remained good opportunities to export their products to the market in the upcoming time.
(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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