Shrimp
Through Oct 2016, Vietnam’s shrimp exports valued at US$2.58 billion, up 5.2% compared to the same period last year. Of which, exports of black tiger shrimp fell by 4.8% but those of whiteleg shrimp increased by 11.3%. Total shrimp exports continued to go up thanks to the good growth in the export value to three major markets including the U.S, EU, China.
The U.S remained as the largest importer of Vietnam’s shrimp, accounting for 23.4% of total exports. In the period, the U.S was the biggest consumption market for whiteleg shrimp of Vietnam’s enterprises. According to Vietnam Customs, shipments of processed whiteleg shrimp (HS code 16) were almost 2-time higher than those of fresh/live/frozen whiteleg shrimp (HS code 03). Also according to the ITC, at present, Vietnam ranked the 4th largest suppler of shrimp to the U.S. While shrimp imports from the large suppliers such as Indonesia, India, Thailand, and Ecuador into the U.S fell in the first half of this year, those from Vietnam increased slightly over the same period last year.
China expected to be a potential importing market in 2017. As of Oct 2016, Vietnam’s shrimp exports to this market increased by 24.7% over the same period in 2015. The import demand for shrimp in China keeps growing strongly, while the country's shrimp production predicted to decline to 1.2-1.3 million MT in 2016 from 1.5 million MT in 2015 due to diseases.
Pangasius
Vietnam’s pangasius to the U.S and China are in the first 10 months of this year showed the good growth. During this period, total pangasius exports of Viet Nam reached US$1.39 billion, a slight increase of 6.4% over the same period last year. In particular, shipments to the U.S and China recorded the year-on-year rise of 22.7% and 76.1%, respectively; and both accounted for 39.9% of total exports.
So far, high anti-dumping duty and catfish inspection program has not influenced much to exports to the U.S. Currently, Vietnam’s pangasius exports to the U.S still had to fiercely compete with Chinese tilapia in this market.
Vietnam’s pangasius exports to China reached US$235.5 million in the first 10 months of this year. The gap between China and the U.S, the largest importing market, is increasingly shrinking. In 2017, China could replace the U.S to rank as the largest buyer of Vietnam’s pangasius.
Tuna
As of Oct 2016, Vietnam’s tuna exports gained US$410 million, up 5.2% compared to the same period last year. During this period, Vietnam’s enterprises tended to boost exports of frozen tuna loins (HS code 0304) and steamed tuna loins or flake form (HS code 1604). Exports of frozen tuna loins reached US$196.3 million, accounting for 47.8% of total tuna exports.
So far, Vietnam’s tuna exports to some major importing markets reported a slight year-on-year rise. Of that exports to the US increased by 0.6%; those to EU up 4.9%, those to ASEAN up 16.8%; those to Israel up 22.7%; and those to China up 54.6% over the same period last year. Total tuna exports in 2016 expected to rise by 5-7% compared to the same period last year.
Written by Ta Ha
Compiled by Dieu Thuy
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
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