The Covid pandemic caused a sharp increase in the cost of sea transport to the European and American markets and the shortage of containers, which significantly affected Vietnam's seafood export activities. Among export items, shrimp had the highest sales, accounting for 38% while marine fish (except tuna) had the most positive growth, up over 14% and accounting for 23% of seafood exports. Ranked third is pangasius with 344 million USD, up slightly 3% and accounting for 19%. Tuna exports increased slightly by 3% to 344.2 million USD, while the export of squid and octopus increased by nearly 8% to 116 million USD.
While Covid-19 continues to affect exports of high-priced fresh frozen seafood products such as fresh fish, squid, frozen octopus, and tiger shrimp, the exports of canned seafood products, dry, surimi, fish sauce ... have the potential for strong growth in the first quarter of this year.
In the first quarter of 2021, Vietnam exported seafood to 140 markets, of which the US market was still the pioneer in both turnover and export growth, accounting for nearly 19% of Vietnam's total seafood exports. Next is Japan with 17.6%, ranked third is the Chinese market with 11%.
Demand for seafood in the retail and service segments both tends to increase in major markets such as the US, EU and China's resolution of the congestion of import ports since March has had a positive impact. to Vietnam's seafood export activities to these markets.
How will the new Covid wave affect Vietnam's seafood production and export in the second quarter and the whole year 2021? Does Vietnam have the opportunity and room to increase exports to markets when Asian seafood producing and processing countries are heavily affected by the Covid epidemic?
We would like to invite the businesses and readers to register the Report on Vietnam Seafood Export in Quarter I/2021 to get a detailed information and satistic on sales, prices and export trends of Vietnamese seafood products in the first 3 months of the year, assessment of supply-demand of markets and forecast of production and export of seafood in the second quarter and the following months of 2021.
See table of content, list of figures and tables in the Report here.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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