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 outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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%.
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.
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