Particularly, the 3 largest export markets in the bloc are Thailand, Singapore and Philippines with the rise in value of 48.1%; 25.1% and 39.3% respectively compared to the same period in 2017.
In the first 11 months of 2018, Pangasius export value to Thailand market reached 67.5 million USD. This is the largest export market of Vietnamese pangasius in ASEAN, accounting for 36.8% of total export to the region. According to ITC statistics, in the first 10 months of 2018, Vietnam is Thailand's largest market of white meat fish, with the main product of frozen pangasius fillet (HS code 030462) with the average imports ranging from US$4.4 to 6.9 million/month in terms of value; and 2.000 to 3.750 MT/month in terms of valume. In addition to Vietnamese pangasius products, Thailand also imported some other white meat fish products such as Alaska fish meat (HS code 030494) from the US and Alaska pollock fish (HS code 030367) from Russia. Until this time, frozen pangasius imports from Thailand is still quite stable with positive demand.
In addition to Thailand, in 2018, pangasius exports to Singapore and Philippines markets also achieved high growth with the value of US$42.3 million and US$37.4 million respectively. According to some pangasius enterprises, the import demand of these two markets increased sharply. In the first 9 months of 2018, Singapore imported pangasius mainly from Vietnam, in addition, the country also imported pangasius from China and Malaysia. In addition to frozen pangasius fillet, Singapore also imports frozen Alaska pollock fish products (HS code 030475) from China and frozen tilapia (HS code 030461) from Indonesia. In 2018, the demand for importing pangasius from Singapore and the Philippines is stable and growing at double digits. These are positive signs for Vietnamese pangasius in ASEAN.
(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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