Fresh seafood, shellfish and crustacean suppliers needn’t be worried as household demand grew 3.2 percent over the period while demand for canned seafood was also up 2 percent.
A detailed breakdown of the statistics show that in June 2011, households consumed a total of 1.23 million kilograms of fish valued at EUR 8.79 million (USD 10.9 million) compared to 1.22 million kilograms in June 2012 valued at EUR 8.97 million (USD 11.2 million), representing the 0.7 percent decrease in consumption.
While Spanish consumers ate an average 8.79 kilograms of fish per person in June of last year, they ate an average 8.97 kilograms in June 2012, representing the 2.1 percent increase in spend. This translates into a 96.1 percent penetration rate within Spanish households — among the world’s highest recorded consumption levels.
By weight, Spanish households consumed 699,880 kilograms of fish in June 2011 of which 546,179 kilograms were fresh fish and 153,700 kilograms of frozen fish. Crustaceans and mollusks accounted for 343,240 kilograms while canned fish and mollusks stood at 188,605 kilograms.
By June 2012, fish consumption had fallen to 690,880 kilograms of which 541,652 kilograms were fresh fish and 149,227 kilograms of frozen fish. Crustaceans and mollusks accounted for 339,613 kilograms while canned fish and mollusks stood at 192,455 kilograms. This latter figure represents a 2 percent increase in 2012 over 2011.
In value terms, households bought EUR 4.61 million (USD 5.76 million) of fish in June 2011 of which EUR 3.66 million (USD 4.75 million) was fresh fish and EUR 958,161 (USD 1.19 million) of frozen fish. Crustaceans and mollusks accounted for EUR 2.57 million (USD 3.21 million) while canned fish and mollusks stood at EUR 1.6 million (USD 2 million).
By June 2012, overall spending on fish increased to EUR 4.68 million (USD 5.85 million) of which EUR 3.73 million (USD 4.46 million) was fresh fish and EUR 948,685 (USD 1.18 million) was frozen fish — this latter figure representing a 1 percent fall. Crustaceans and mollusks fell 0.2 percent to EUR 2.56 million (USD 3.19 million) while canned fish and mollusks enjoyed a healthy 7.4 percent increase to EUR 1.71 million (USD 2.13 million).
Statistics were compiled by the fisheries ministry Home Food Consumption Panel to determine real national demand and to offer a powerful analytical tool to the industry. Based on a sample of 12,000 households across the Iberian Peninsula, Balearic and Canary Islands (excluding Ceuta and Melilla, Spanish enclaves on the Moroccan coast), participants were provided with a scanner or optical reader and product catalogue for items without a European Article Number. The equipment recorded daily purchases and automatically processed the data.
(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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