Despite this likelihood of a decline in production, Thai fish meal industry has performed well in terms of quality improvement and prices. Prevailing domestic prices have been high in the past three to four years which has attracted several fish meal manufacturers to source raw materials from food-grade fish supplies, and also improved their facilities to produce high-quality fish meal geared toward the export market. The Department of Livestock Development continues its successful campaign to improve the quality of domestic fish meal by initiating GMP and HACCP training and certification to participating fish meal plants. Thus far, more than 30 fish meal plants have received both GMP and HACCP certification, and most of them are registered as plants eligible to export fish meal to China.
A decline in domestic supplies limited consumption of fish meal to grow only by two to three per cent annually in 2012 and 2013. Limited supplies also happened in 2011 which generated a fierce competition among feed mills and exporters that domestic prices for fish meal remained high for most of the year at 31-32 baht/kg ($1,015-1,050/MT).
Thailand’s imports of fish meal in 2011 increased from 13,125 MT in 2010 to 15,525 MT. Meanwhile, feed mills successfully offered high prices to compete demand for export and this resulted in decline in fish meal exports from 110,806 MT in 2010 to 73,559 MT in 2011.
Viet Nam became the largest importer of Thai fish meal in 2011 accounting for 36 per cent of total exports, followed by China 22 per cent, Indonesia 16 per cent, and Taiwan nine per cent. The trend in fish meal exports is uncertain and will depend on the level of competition among feed mills and exporters, but exports should remain between 50,000-80,000 MT in 2012 and 2113.
The Thai Government intervenes in the import of fish meal by setting an import policy each year. As reported in FAS/Bangkok GAIN report “Thai Cabinet Approves Tariff Rate Quota for Three Feed Ingredients”, there will be no MFN quotas for fishmeal from 2012-2014.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
(seafood.vasep.com.vn) In 2024, Vietnam's seafood sector successfully exported to numerous countries, reaching a milestone of USD 10 billion, a 12% increase compared to 2023. 2025 promises to be a prospective year for promoting exports to various markets, including target and potential markets such as the US, China, ASEAN, and the Middle East.
(seafood.vasep.com.vn) The EU has been one of the largest consumers of Vietnamese pangasius over the past decade. However, data from Vietnam Customs reveals a gradual decline in EU imports of pangasius from Vietnam over the last five years.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
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