With advantages in low import duty, high capacity of cold storage system, lower input costs compared to regional countries, Thailand attracted a lot suppliers of raw material from Vietnam, Peru, Iran, China, Morocco, Myanmar...
According to Thailand Customs, in the first four months of 2012, Thailand imported over 11,300 MT squid in all varieties, worth over US$26.4 million. In which there were 9,000 MT frozen squid; 1,300 MT salted, dried squid and the other were chilled squid products with average import price US$2.33 per kilogram. In the first five months, Thailand imported a large amount of octopus (HS 030759) from Peru, Chile, Senegal, Indonesia, and China with the value of US$2 million.
While Vietnam cephalopod exports to EU were dull, exports of this item from Thailand revealed a stable growth. Since the early year, exports of Thailand squid (HS 030749) to three main markets (Japan, Italy, and the U.S.) kept a positive growth.
Thailand Customs informed that in the first four months of 2012, exports reported over 12,000 MT of different types of squid, worth nearly US$77.5 million with the average export price of US$6.45 per kilogram. Main destinations of Thailand squid are Taiwan, Italy and Japan.
In April 2012, Thailand exported over 3,000 MT of squid in all varieties, valued at US$19.9 million. These figures were down 5% in volume and 9% in FOB value on those of March 2012. The average export price was US$6.28 per kilogram, FOB. From 2007 to 2011, key export mollusk items of Thailand to Japan were frozen, dried, salted or in brine, smoked squid products (HS 030749).
In 2011, Japan accounted for over 40 percent of total export of squid from Thailand, followed by Italy with 28 percent, the U.S. with 5.7 percent and Vietnam with 3.3 percent. In the first five months of this year, Japan remained the proportion of 40 percent among total Thai squid exports, Italy with nearly 30 percent, the U.S. with 7 percent. Exports to some EU markets, particularly Italy showed good figures.
Till the end of May 2012, South Korea is the largest importer of squid (HS 030759) from Thailand with the proportion of 37 percent out of total exports, followed by Japan with 29 percent, over 11 percent for the U.S. and the same number for Australia.From 2007 to 2011, shipment of Thailand octopus (HS 030759) to Italy marked a large proportion of 25-51 percent among total exports.
However, in 2011, exports to the market reduced to 10 percent while exports to other markets of EU (Germany, Belgium, Sweden) were stable.
(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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