The total volume of crustaceans sold in grocery stores rose 16.2 percent, while sales increased 11.3 percent for the 52 weeks ending 28 September 2013, according to recent data from the Nielsen Perishables Group.
"Crab and lobster saw improvement because more retailers/stores carried crab and lobster, more items were carried and they sold more volume on promotion. The increased availability and lower prices enticed consumers," Sherry Frey, vice president of account services for Nielsen Perishables Group, told SeafoodSource.
Retailers heavily promoted crab and lobster, dropping their average retail price by 4 percent over the nine months.
Cooked and raw shrimp volume rose 2.4 percent, but dollar sales jumped 5.6 percent due to the higher prices on shrimp throughout the year. "Even though shrimp did see higher prices and less volume sold on promotion, more retailers carried more shrimp items last year, which helped drive overall sales," Frey said.
Finfish also realized a nice lift, with a 6.2 percent increase in volume and a 6.1 percent increase in sales during the nine months. "Part of the overall growth of seafood is due to the bounceback from the economy when people had left/opted out of the department," Frey said.
Cod volume soared 14.2 percent over the nine-month period, and sales rose 11.2 percent. Retailers dropped the average retail price on cod by 2.6 percent and increased promotions 9.3 percent, according to Nielsen.
Tilapia sales rose 6.6 percent and volume increased by 8.5 percent. Catfish sales increased by 3.4 percent but volume rose 8.1 percent. Fresh salmon was also a success story in 2013 with a 6.5 percent increase in sales and a 4.9 percent increase in volume.
Prepared fish continued to be popular with grocery shoppers, realizing a 9.7 percent lift in sales and an 8 percent increase in volume for the 52 weeks ending 28 September.
"Across the store, we continue to see interest in semi-or fully-prepared items; we even see growth in prepared seafood items in the deli department," Frey said. "This is driven by consumer interest in convenient food options to help save time and also to ease cooking skill concerns."
(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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