Through November 2010, Vietnam has exported nearly 76 thousand MT of tuna, worth over US$265.7 million, up 49.5 percent in volume and 62 percent in value compared to the same period of 2009. It is estimated that in 2010 tuna export reaches about 82.6 thousand MT, worth US$287 million.
The main causes of this growth were the high average export price of tuna, the increasing demand while some countries are proposed to reduce the catch quotas for tuna.
From January to November, 2010, the average export price of Vietnamese tuna was at 3.49 USD per kg, up 8 percent compared to 3.23 USD per kg in 2009.
The average export price of Vietnamese tuna to major markets like the U.S., EU and Japan were high at 4.41 USD per kg, 3.6 USD per kg and 4.78 USD per kg, respectively.
The U.S. market: Late May and early June 2010, the U.S. surpassed EU to become the biggest and stable importer of Vietnamese tuna. Through November 2011, the U.S. has imported over 27 thousand MT of Vietnamese tuna, worth more than US$120 million, up 54.6 percent in volume and 94.6 percent in value against the same period of 2009.
EU market: Tuna is usually considered as one of the main foods in European countries, especially in Italy, Germany and Belgium. In the first 11 months of 2010, EU has imported 15,690 MT of Vietnamese tuna, worth nearly US$57 million, up 3.9 percent in volume and 12 percent in value over the same period last year.
Japanese market: Japan is the leading tuna consumption country (accounting for about 80 percent of the total global tuna production), an average of 41 kg of fresh tuna and tuna products per a household per year. Through November, 2010, Japan has imported over 4,350 MT of Vietnamese tuna, worth over US$ 20.8 million.
(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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