Following the recovery from the fourth quarter of 2021, Vietnam's seafood exports in the first quarter of 2022 had a strong breakthrough with sales of $2.5 billion, up 46% over the same period last year, despite the consequences of the pandemic. The Covid epidemic caused production and sales costs to skyrocket, especially sea freight.
The Russian-Ukrainian conflict that occurred at the end of February has made the input costs even higher along with the bottlenecks and disturbances in the global seafood trade, both positively and negatively affecting the seafood exports of the country. Vietnam.
Exports to Russia and Ukraine stagnated, but in return, orders from other markets increased rapidly and export prices increased, helping to increase seafood export turnover in the first quarter of 2022.
The export price of pangasius, shrimp, tuna and some main aquatic species to the markets increased sharply, in which pangasius alone increased by 40-70%, helping this product have the highest export growth.
China still has many challenges for seafood exporters because of the zero Covid policy, but the demand for seafood in this market is too high, so the demand for seafood imports from Vietnam is still high and has grown the most among the import markets.
However, the Covid epidemic and the Russia-Ukraine conflict will continue to affect seafood production and export in the second quarter. But with the flexibility and efforts of seafood enterprises, exports in the second quarter are forecasted to continue to grow positively.
Please register the Report on Vietnam Seafood Exports in the first quarter of 2022 to capture more detailed information about seafood export developments by product line, species, processing structure, locality, etc. the first quarter of 2022, as well as predictions about export trends and export results in the second quarter of 2022.
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The Report on Vietnam seafood exports in QI/2022 is available on 10th May 2022.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
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.
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