Exports of fresh/frozen/dried/salted crab and crustacean products decreased by 44%. Export of canned products decreased by 74%. Export of processed products increased by 18%.
High inflation has reduced purchasing power in many import markets. Thus, Vietnam's exports of crabs and other crustaceans in the first two months of 2023 have decreased compared to the same period in 2022.
Currently, Japan, the US, China, Canada and the UK are the 5 largest crab import markets of Vietnam, accounting for 94% of the total export turnover in the first two months of the year.
In the Japanese market, exports of crabs and other crustaceans continue to grow from the fourth quarter of 2022. Export turnover in the first two months of 2023 increased by 128% over the same period, reaching more than 8.1 million USD. This growth has taken Japan from the third largest importer in the first two months of 2022 to the first position this year.
Along with Japan, Vietnam's crab exports to the UK also increased during this period. Exports to this market reached 338 thousand USD, up 33% over the same period in 2022.
Meanwhile, exports to other main markets decreased simultaneously. Although China has reopened, exports to this market have not shown any signs of recovery. Exports of crabs and other crustaceans to China decreased by 79% in the first two months of 2023 reaching nearly 3 million USD.
Exports to the US and Canada are also not better. Exports to these two markets decreased by 54% and 17% respectively.
In the current context, it is forecasted that consumers will still tighten their spending, especially with high-value products such as crabs. Therefore, Vietnam's exports of crabs and other crustaceans in the coming months cannot recover.
Compiled by Thuy Linh
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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