In January 2014, the U.K. imported only frozen pangasius fillets from Vietnam, Poland and the Netherlands with total volume of 1,050 MT, up 7 percent from the previous month and higher than 795 MT in the same time of 2013.
In contrast, imports of fresh and chilled pangasius and catfish fillets were on the decrease. In 2013, the U.K. bought 583 MT of fresh/chilled pangasius and catfish fillets from 5 countries, down 57 percent year on year. Products from Vietnam were 392 MT, down 67 percent. Imports of these products into in the first month of 2014 were 35 MT, equal to that of the previous month and down from 185 MT of January 2013.
Currently, cod is the most imported fish in the U.K. with annual volume of 80,000 MT. It is followed by Alaska with 32,000 MT, haddock with 22,000 MT and pangasius with 11,000 MT. Imported hake products were about 2,000 MT per year.
Hake is commonly eaten in Europe, with the Spain annually consuming 6 kilograms (KG) per person. With scientific research showing burgeoning stock levels of hake in U.K. waters, catch quota for the fish has been increased by 49 percent in 2014. However, out of the 12,000 metric tons of hake caught by British fishermen last year, just 1.5 percent was consumed in the U.K.
In the EU, Portugal is the biggest consumer of hake among frozen white meat fish fillets (HS 0304) while consumption of the fish in the U.K. is still at low level. In 2013, the U.K. imported 2,328 MT of frozen hake fillets, up 20.8 percent year on year. In January 2014, purchase of frozen hake fillets into British market was 86 MT, down 70.3 percent compared to the previous month and lower than 138 MT reported a year ago.
The National Federation of Fishermen's Organizations (NFFO), which represents fishermen in England, Wales and Northern Ireland, joined forces with seafood chef, food writer and restaurateur Mitch Tonks to launch a series of free recipe cards encouraging the British public to consider hake in their diet.
The campaign comes after a research revealed that 52 percent of consumers eat fish at least once a week and 19 percent eat it around three times a week — yet the majority of people rarely stray from cod, haddock, pangasius and salmon.
(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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