Vietnam crab exports have not recovered yet

News 08:19 28/03/2023
(seafood.vasep.com.vn) After a continuous decline in the fourth quarter of 2022, Vietnam's exports of crabs and other crustaceans in the first two months of 2023 have not shown any signs of recovery. Crab export turnover in the first 2 months of 2023 reached nearly 19 million USD, down 2% compared to the same period in 2022.

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 

 

Bạn đang đọc bài viết Vietnam crab exports have not recovered yet tại chuyên mục News của Hiệp hội VASEP
vietnam crab exports in 2023 vietnam seafood exports in 2023

TIN MỚI CẬP NHẬT

Vinh Hoan Corp ranked among the Top 50 most effective businesses in Vietnam for 11 consecutive years

 |  09:12 24/12/2024

(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.

Vietnam pangasius farming results for 2024 and directions for 2025

 |  09:20 20/12/2024

(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.

Sao Ta (FIMEX) achieves $18.38 million in November revenue, up 5%

 |  08:56 18/12/2024

(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.

Soc Trang’s brackish water shrimp production ranks third among provinces in Vietnam

 |  08:45 16/12/2024

(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.

Dong Thap province: Pangasius production value estimated at VND 8.802 billion in 2024

 |  08:54 12/12/2024

(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.

Vietnam’s tuna exports to Japan recover faster than expected

 |  09:00 10/12/2024

(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.

Vietnam, Netherlands boost cooperation in sustainable aquaculture

 |  09:52 06/12/2024

A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.

Agricultural and aquatic products from Ca Mau attract major partners

 |  08:46 05/12/2024

(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.

Binh Dinh: sustainable whiteleg shrimp farming with Semi-Biofloc technology

 |  08:57 04/12/2024

In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.

Trà Vinh province expanding intensive shrimp farming areas

 |  08:59 02/12/2024

(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC