From 2014 to 2018, Japan's surimi imports ranged from US $ 486.3 million to US $ 559.2 million. In which the import value in 2017 was the lowest at US $ 486.3 million and that of reached the highest of US$559.2 million in 2014. After decreasing continuously from 2014 to 2017, the import value of surimi into this market increased continuously from 2017 to now.
Norway is the largest surimi supplier to Japan, accounting for 19.8% of the total import value of this item into Japan. Followed by three major suppliers (India, Thailand and China), accounting for 15.8%, 14.8% and 9.2% of market share, respectively. Vietnam is the fifth largest supplier, accounting for 8.5%.
In the first 7 months of this year, imports of surimi into Japan reached US$334.3 million, up 11.5% over the same period in 2018. Among the top 5 main suppliers, imports from Norway and Vietnam grew by 2 digits while imports from Thailand, India, China increased slightly.
The average import price of surimi into Japan was US $ 3.8/kg in June 2019, higher than the previous two years due to high demand from the US and the EU. Japanese surimi processors are facing difficulties due to rising import prices, escalating logistics and labor costs. It is expected that in the last months of this year, surimi demand of Japan will continue to increase.
Japan was the fourth largest surimi importer of Vietnam, accounting for 11.8% of Vietnam's total export value of Vietnamese surimi to markets. In the first 7 months of 2019, Vietnamese surimi exports to Japan were not stable, the export value of this item to Japan slid in February, June and July while sharply increasing in January, Marh, April and May.
In July 2019, Vietnamese surimi exports to Japan reached US$ 1.9 million, down 44.8%. In the first 7 months of this year, the export value reached US$ 21.6 million, up 5.5% over the same period in 2018.
As of July 2019, Vietnamese surimi exports to Japan were not stable due to the high input costs for domestic production. Therefore, the export price of Vietnamese surimi products was still higher than the similar products of other competitors in Japanese market such as China, Thailand ...
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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