In May 2024, tuna exports soared by 36% to over US$95 million, driven by robust demand for canned tuna, which jumped by 18%, and pouched tuna, which skyrocketed over 3.5 times higher. Frozen tuna loin/phlle exports also surged by 25%, while frozen whole tuna exports soared by over seven times compared to May 2023. Cumulative tuna exports for the first five months of 2024 reached nearly US$397 million, up 25% from the same period in 2023.
Crab and swimming crab exports also witnessed impressive growth, climbing by nearly 92% to over USD 26 million in May. This surge was primarily fueled by a more than twofold increase in crab exports. The two largest markets for Vietnamese crab (China and Japan) both increase imports. China emerges as the top destination for Vietnamese live crab, with imports soaring by 11 times compared to May 2023. Meanwhile, Japan primarily imports processed snow crab finished products, including snow crab meat, shelled snow crab, snow crab claws, and a small portion of processed freshwater crab.
Pangasius exports rose by 10%, while exports of cephalopod, and other fish species all experience modest growth of 3% in May. Cumulative pangasius exports for the first five months of the year reached nearly US$755 million, up slightly by 3% from the same period in 2023. On the other hand, marine finfish exports declined by 3% to US$742 million, while cephalopod exports reached US$236 million, down nearly 2% compared to May 2023.
Despite a slight dip in May, shrimp exports maintain a positive growth trajectory for the year, increasing by 7% to USD 1.3 billion for the first five months.
While some markets have yet to experience a full rebound, major export destinations are showing signs of gradual recovery in both demand and import prices. Seafood exports to the US, Japan, the EU, and South Korea all record positive growth in May, ranging from 5% to 26%. Notably, exports to China falls by 8% compared to the same period. By the end of May, the US remains the top destination, with seafood imports from Vietnam reaching US$635 million, representing a 13% growth. Exports to Japan, China, South Korea, and the EU saw more modest increases of 3-4% compared to May 2023.
(seafood.vasep.com.vn) China and the US are the two largest whitefish import markets in the world. Vietnam is the second largest supplier for both markets (mainly supplying pangasius). Frozen pangasius fillets are still the main product imported from Vietnam by these two countries.
(seafood.vasep.com.vn) The “Bien Bach Dong Commune Shrimp-Rice Project” in Ca Mau province was granted the second BAP (Best Aquaculture Practices of the Global Aquaculture Alliance) certificate for shrimp products in the shrimp-rice specialized area in Thoi Binh district, Ca Mau province.
(seafood.vasep.com.vn)The red and yellow tilapia prices in An Giang have increased sharply, reaching a new record. Recently, traders in the provinces are purchasing red tilapia and tilapia at 50,000–51,000 VND/kg, the highest price ever. With this price, fish are exported to rafts, and farmers earn a 9,000–10,000 VND/kg profit.
(seafood.vasep.com.vn) In July 2024, Vietnam's tuna exports to the EU showed signs of decline compared to the same period, down 14%. In the first half of August, although Vietnam's tuna exports to the EU increased, exports of canned tuna continued to decrease sharply.
(seafood.vasep.com.vn) In July 2024, pangasius exports to the US continued to grow impressively. According to Vietnam Customs, there were nearly US$31 million pangasius exported to the US in July, up 69% over the same period last year. Cumulative pangasius exports to the US in the first 7 months reached more than US$190 million, up 20%.
(seafood.vasep.com.vn) According to the Department of Agriculture and Rural Development of Tra Vinh province, farmers in coastal areas of Cau Ngang, Tra Cu, Duyen Hai districts and Duyen Hai town have now cultivated over 1,800 hectares of whiteleg shrimp under a high-tech super-intensive model (high density), which is double the same period in 2023.
(seafood.vasep.com.vn) With the signs of recovery in pangasius exports, the increase in farming area and output, An Giang's fisheries sector has been actively supporting farmers and businesses to boost production, processing, and consumption in the last months of the year.
(seafood.vasep.com.vn) In July 2024, Vietnam's tuna exports continued to maintain growth momentum over the same period, increasing by 14% to nearly 87 million USD. However, the export growth rate is slowing down a lot compared to previous months. Cumulatively, in the first 7 months of the year, tuna export turnover reached 558 million USD, an increase of 22%.
(seafood.vasep.com.vn) With the goal of bringing exported seafood products to Vietnamese consumers, Vietfish 2024 organized by VASEP has, for the first time, focused on a dedicated area for showcasing seafood products for the domestic market. This event provides an opportunity for local consumers to access high-quality seafood products that meet international standards at reasonable prices, products that Vietnam is currently exporting to 170 countries.
(vasep.com.vn) According to the Binh Dinh Statistics Office, the total fishery production in July 2024 was estimated at 26,226.7 tons, a 2.2% increase (574 tons) compared to the same period last year. Cumulatively, for the first seven months of 2024, the total fishery production was estimated at 172,723.1 tons, a 2.9% increase (4,786.4 tons) year-on-year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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