South Korea- Vietnam's largest surimi market

News 16:53 17/06/2015
(vasep.com.vn) Maintaining its proportion of over 30% in surimi exports from Vietnam, South Korea has been Vietnam's biggest market for this item and potentials are still seen.

Vietnam surimi exports to South Korea in the first 4 months of the year reached US$ 27.15 million, up 8.7% from the same period in 2014. Exports to South Korea accounted for 31.6% of total exports.

Statistics from the International Trade Centre (ITC) shows that in the first quarter of 2015, South Korea imported surimi from 10 countries, 5 of which are ASEAN countries. Total surimi import value of this market was US$ 42.4 million, reporting an increase of 12.8%. Imports from ASEAN countries accounted for 69% of South Korea's total surimi imports. Vietnam, the biggest surimi exporter to South Korea was the origin for nearly half of surimi imported into this market. 

Surimi imports from Vietnam nearly tripled of those from China, the second biggest supplier.
Currently the surimi and surimi products of Vietnam are competing well in this market. Surimi from Vietnam is  mainly tropical surimi, known as Itoyori. 

Overall seafood consumption in Korea is high. According to the USDA, each Korean consume 54.9 kg per year in 2012. A year later, it grew by 1.4 kg. The good growth ensures that there are still many opportunities boost seafood exports to this market. 

Vietnam and South Korea has officially signed  Free Trade Agreement earlier this year. This will also motivate surimi exports of Vietnam to this market in the future.

Surimi exports from Vietnam (Unit: US$ millions)

Market

Jan 2015

Feb 2015

Mar 2015

Apr 2015

Jan- Apr 2015

Percentage in total exports (%)

Variation (%)

South Korea

9.379

3.961

4.767

9.041

27.148

31.6

8.7

ASEAN

7.090

3.749

5.837

7.735

24.41

28.4

9.1

Thailand

5.177

2.416

4.388

6.351

18.333

21.3

20.4

Singapore

1.151

0.887

0.865

0.954

3.857

4.5

-14.9

Malaysia

0.692

0.446

0.562

0.401

2.101

2.4

-19.4

Japan

2.687

2.183

1.717

3.655

10.241

11.9

7

China

3.162

0.888

1.242

4.035

9.326

10.9

1.9

Hong Kong

0.150

0.063

0.03

0.141

0.383

0.4

-16

EU

1.164

0.976

1.166

1.897

5.203

6.1

-31.7

France

0.643

0.576

0.265

1.619

3.104

3.6

-13.1

Lithuania

0.206

0.196

0.515

 

0.917

1.1

-42.7

Italy

0.063

0.156

0.155

0.063

0.436

0.5

12.1

Russia

1.042

1.287

2.133

0.189

4.651

5.4

47.5

Taiwan

1.085

0.678

0.876

0.755

3.395

3.9

-4.9

The US

0.095

0.164

0.09

0.139

0.488

0.6

8.3

Other

0.263

0.313

0.353

0.157

1.087

1.3

-40.8

Total

25.966

14.199

18.182

27.602

85.949

100

3.9

 

Bạn đang đọc bài viết South Korea- Vietnam's largest surimi market tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Seafood sector profits forecast to surge in 2025

 |  11:10 31/01/2025

SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.

Bac Lieu aims for 1.2 billion USD in shrimp exports in 2025

 |  09:11 24/01/2025

In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.

VASEP publishes 10-year pangasius sector report (2015–2024)

 |  09:25 22/01/2025

(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.

Vietnam's pangasius industry ready to conquer new milestones by 2025

 |  08:52 20/01/2025

(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.

Raising agricultural, forestry, and fishery exports to $70 billion in 2025

 |  09:21 16/01/2025

(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.

Wave of momentum to float Vietnam's seafood exports to 10–15% growth

 |  09:02 14/01/2025

With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.

Vietnam's seafood exports are confident of reaching 2025 billion USD by 11. How will US tax policy affect it?

 |  07:27 10/01/2025

In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...

Soc Trang achieves an estimated aquaculture output of 310,000 tons

 |  09:21 08/01/2025

(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.

Soc Trang sets 1.9 billion USD export target for 2025

 |  08:27 07/01/2025

The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.

Vietnam’s seafood sector thrives under UKVFTA with 90% exports led by shrimp

 |  08:30 03/01/2025

The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC