2017 is a good year for Vietnam’s cephalopod enterprises exporting to the U.S. While the export value of key commodities such as shrimp and pangasius to the U.S decreased slightly, shipments of squid and octopus to this market achieved the impressive growth at 2-3 digit level in many months.
In 2017, except in January and April with falls of 37.9% and 25.5% respectively, Vietnam’s cephalopod exports to the U.S in the remaining months continuously increased and inched up over 500% in some month. In the first half of Dec 2017, this number rocketed to 759.3%. Exports of frozen squid (HS code 03) and frozen octopus (HS code 03) to the U.S remained the large share with the same value of over US$3 million.
It is interesting that Americans tended to consume Vietnam octopus in the last months of 2017, the export value of this product to the U.S increased by 309.6% over the same period in 2016 while the export value of squid item rose by over 40%.
According to statistics of Trade map, the U.S imported cephalopod from 38 suppliers in the world with the value of US$370 million, down 27.6% over the same period in 2016. In particular, Vietnam was currently the 9th largest supplier of the item to this market.
Recently, Vietnam cephalopod had to compete strongly with the same item from China, India and Taiwan in the U.S. The average import price of Vietnam cephalopod currently quoted at US$7.69/kg.
|
CEPHALOPOD SUPPLIERS TO THE US |
|||
|
Suppliers |
Value (Thousand US$) |
||
|
Jan-Oct 2017 |
Jan-Oct 2016 |
Variation (%) |
|
|
China |
104,083 |
172,065 |
-39.5 |
|
Spain |
58,911 |
51,270 |
+14.9 |
|
Thailand |
12,987 |
23,468 |
-44.7 |
|
Taiwan |
20,651 |
19,402 |
+6.4 |
|
India |
11,615 |
19,644 |
-40.9 |
|
South Korea |
6,249 |
14,543 |
-57.0 |
|
Indonesia |
8,846 |
12,338 |
-28.3 |
|
Peru |
5,632 |
7,894 |
-28.7 |
|
Vietnam |
4,955 |
3,513 |
+41.0 |
|
Total |
267,303 |
369,165 |
-27.6 |
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn