In the first two months of 2021, the growth rate of canned seafood exports was even more of a breakthrough, up by 42%, reaching nearly 55 million USD, accounting for nearly 6% of the total seafood export turnover.
In 2020, the main species of canned seafood for export included tuna, scad, herring, saury, mackerel, crab, and shrimp ... In which canned and pouched tuna accounted for a large proportion of 66%, canned crab meat accounted for 13%, scallops 8%, shrimp 1.6%, chub mackerel accounted for nearly 2% ...
Canned tuna products include cut skipjack, yellowfin, big eyed tuna in salt/oil/water.
Related to crab products, Vietnam has pasteurized canned and pasteurized processed crab meat exported to Europe, America, Australia, Canada, Hong Kong, and Thailand ...
In 2020, there were 90 import markets for canned seafood from Vietnam, of which the top 10 markets included the US, Thailand, Germany, Egypt, Canada, Japan, France, Israel, Hong Kong, and Jordan, accounting for 73% of total exports. The US accounted for 38%, being the dominant proportion.
There were over 40 enterprises exporting canned seafood products in 2020, of which the top 10 enterprises accounted for 84%, mainly tuna exporters. In which, the top 3 companies named Highland Dragon accounted for 21% of export turnover, Pataya 16% and Foodtech accounted for 11.5%.
In the first two months of 2021, 28 enterprises participated in exporting canned and bagged seafood to the world market. Top 10 exporting enterprises accounted for over 83% with about 44.5 million USD. In which, the top 3 biggest companies were Highland Dragon, Pataya and Yueh Chyang Canned Food, accounting for 19.4%, 14% and 10% respectively.
There were 55 import markets for Vietnamese canned seafood in the first 2 months of this year, of which the top 10 markets accounted for over 84% with a value of about $ 45 million. The US accounted for the largest proportion (40%) thanks to a sharp increase in sales of nearly 60% over the same period. Except for Germany, the remaining markets in the top 10 such as Japan, Canada, Egypt, Australia, Thailand ... all increased strongly in canned fish imports from Vietnam.
It is forecasted that in 2021, canned and pouched seafood products of Vietnam will continue to take advantage of opportunities in the markets, at least in the first half of the year when the Covid epidemic is not yet controlled in the world.
(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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