Currently, Vietnam's fish cakes and surimi products have been exported to 19 markets around the world. South Korea, Thailand, CPTPP, China and the US respectively are the 5 largest import markets for this product group of Vietnam in the first two months of this year, accounting for nearly 92% of the total export turnover. In general, over the same period, Vietnam's exports of fish cakes and surimi to almost all markets have decreased.
In the Korean market, after a decline of 16% in January 2023, the export of fish cakes and surimi to this market increased again in February. However, the growth rate was quite modest, only 14%. Therefore, accumulated in the first 2 months of the year, exports still decreased by 7% over the same period in 2022, reaching nearly 13 million USD.
Along with South Korea, exports to Thailand also decreased by 12% in the first two months of the year, reaching nearly 10 million USD. Although there is no sign of recovery, the rate of decline in exports to this market has slowed down.
In the CPTPP markets, fish cakes and surimi exports also fell by 13% over the same period. However, in February, exports recovered. Specifically, exports to the largest import markets, Japan and Malaysia, both decreased in the first 2 months of the year, by 20% and 3% respectively. But in February 2023, Vietnam's exports of fish cakes and surimi to these two markets increased by 13% and 70%.
Similarly in the Chinese market, exports of fish cakes and surimi also declined by 12% in the first 2 months of the year. However, it is worth mentioning that after a sharp drop of 83% in January, exports to this market nearly doubled in February. The reopening of the Chinese market in the first month of 2023 has created an opportunity for the Chinese market. Producers and exporters of fish cakes and surimi have the opportunity to expand their exports to this market.
The demand of the markets is tending to slowly recover, so the export of fish cakes and surimi in March and April will gradually increase again compared to the first months of the year.
Compiled by Thuy Linh
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
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