VASEP to release Report onf Vietnam's seafood exports in first 9 months of 2021

News 09:09 04/11/2021 Lê Hằng
(seafood.vasep.com.vn) In the first 9 months of the year, seafood exports still maintained a growth rate of 2.8%, reaching nearly USD 6.2 billion. To what extent will seafood exports recover in the fourth quarter? Export turnover by the end of 2021 will reach the target higher than 2020? Please get VASEP s Report on Vietnam Seafood Exports which will be issued on November 10th 2021 to get full picture of Vietnam seafood exports in firts 9 months of 2021 and forecast on last 3 months of the year.

In the first half of 2021, Vietnam's seafood exports reached 4.1 billion USD, up nearly 15% over the same period last year thanks to stable production and strong recovery in demand in many markets. Entering the third quarter, the Covid-19 epidemic broke out strongly in Ho Chi Minh City. Ho Chi Minh City and 19 southern provinces caused seafood exports in the third quarter to decrease by 15% over the same period last year to 2.07 billion USD.

Accumulated in the first 9 months of the year, seafood exports still maintained a growth rate of 2.8%, reaching nearly USD 6.2 billion, of which shrimp accounted for nearly 45%, pangasius 17.4%, and tuna accounted for 8.4 %, cephalopod molluscs accounted for 6.6%, bivalve molluscs and crabs accounted for a total of 3.5%, other fish accounted for 19.4%.

The extent of epidemic impacts in regions/localities is reflected in the decline of each commodity: Exports of pangasius and some marine products such as other marine fish, cephalopod molluscs decreased more sharply than shrimp and tuna.

Seafood exports in the first 9 months of the year to some major markets and groups such as the EU, the US and the Middle East still maintained positive growth thanks to good export results in the first 7 months, while exports to China, Japan and ASEAN decreased markedly.

From August 2021, seafood exports to all major markets decreased because domestic processing production was disrupted, seafood companies hardly maintained production in the context of disease risks and other economic conditions. required social distancing to prevent epidemics. Exports to other markets decreased from 14-36%, in September continued to decrease from 3-51%, except for the US market, which increased slightly by 3%.

To what extent will seafood exports recover in the fourth quarter? Export turnover by the end of 2021 will reach the target higher than 2020?

Please register to read VASEP's Report on Vietnam Seafood Exports  in the third quarter of 2021 to grasp the seafood export situation during the last quarter of the "Covid crisis", the export situation in the last quarter of the year. for the first 9 months of the year, identifying the trend of production and export in the last quarter of the year in the "new normal" situation of production and preventing epidemic. 

See the Content and List of figures and tables of the Report here

For detailed information and subscription, please contact: Ms Nguyen Thu Trang - Mobile: +84 906 151 556 - Email: nguyentrang@vasep.com.vn

vietnam seafood exports in 2021 vaseps report report on vietnam seafood exports

TIN MỚI CẬP NHẬT

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 |  08:57 04/12/2024

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.

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 |  09:08 03/12/2024

(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.

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 |  08:47 29/11/2024

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 |  08:51 28/11/2024

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Vietnam's $4 billion shrimp export target for 2024 within reach

 |  09:02 27/11/2024

(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.

IDI consistently ranks among Vietnam's top seafood producers and exporters

 |  08:54 27/11/2024

International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.

Exporting seafood to the US: Opportunies and challenges after the new presidential election

 |  08:41 25/11/2024

(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.

The US has a new president: what impact will it have on Vietnam’s pangasius export?

 |  08:55 21/11/2024

(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.

CEPA opens new doors for Vietnamese shrimp exports to the UAE

 |  08:54 19/11/2024

(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.

Sao Ta Foods’ October sales reach $23.25 million

 |  12:26 15/11/2024

(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.

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