Revenue from herring exports of Vietnam in 2021 was 37.5 million USD in 2021, down 9% from 41 million dollars in 2020. There is a total of 30 importing markets of Vietnamese herring products, top 5 of which account for roughly 76% of total export value, including the United States, Thailand, Japan, Korea, and Australia.
Last year, Vietnam herring exports to 4/5 of the above markets all decreased sharply, only Thailand recorded a 60% increase in imports from Vietnam.
Exports of herring to Japan in 2021 reached $7.8 million USD, equivalent to 2020. Since exports to the US market dropped from over 12 million USD in 2020 to 6.3 million USD in 2021, Japan emerged as the largest market last year. The majority of herring products exported to Japan are spiced fillets and canned fish.
In the first two months this year, herring exports to Japan reached nearly 2 million USD, up 35% on the corresponding period last year, accounting for 20% of total herring exports (10 million USD).
Raw materials are plentifully available and market demand is rising, herring exports to Japan therefore are expected to grow significantly in 2022. However, from December 2022, herring (Sardine, Sardinops spp.) exports to Japan will be subject to a new regulation requiring a catch certificate for wild-caught seafood at the request of Japanese authorities, along with 3 other products: squid and cuttlefish, Pacific saury (Cololabis spp.) and mackerel (Scomber spp).
In the first two months of this year, herring exports increased by 2.5% over the same period last year, of which exports to the US increased by 30%, to South Korea increased by 67%, to Australia by 86%...
It is forecasted that Vietnam's herring exports will continue to increase in the coming months thanks to both high raw material sources and high demand.
|
Top 10 herring importing markets of Vietnam in 2020 – 2021 (million USD) |
||||
|
Country |
2020 |
2021 |
Growth in value (%) |
Market share (%) |
|
Total |
40.963 |
37.477 |
-9.3 |
100 |
|
Japan |
7.848 |
7.775 |
-0.9 |
20.7 |
|
Thailand |
2.750 |
6.814 |
59.6 |
18.2 |
|
US |
12.226 |
6.318 |
-93.5 |
16.9 |
|
Republic of Korea |
5.306 |
3.814 |
-39.1 |
10.2 |
|
Australia |
4.723 |
3.630 |
-30.1 |
9.7 |
|
Nicaragua |
1.373 |
2.186 |
37.2 |
5.8 |
|
Honduras |
1.637 |
1.232 |
-32.9 |
3.3 |
|
Guatemala |
2.247 |
1.077 |
-108.6 |
2.9 |
|
China |
0.471 |
0.982 |
52.0 |
2.6 |
|
Laos |
0 |
0.862 |
100.0 |
2.3 |
Compiled by Khanh Linh
(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.
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
