After decreasing by 17% in 2021, mainly due to the Zero Covid policy in the China market, since the beginning of 2022 until now, exports to the market have recovered strongly. In January 2022, exports to China & Hong Kong increased by 56%, February exports outperformed with a growth of 138% compared to the same period last year.
In which, in the first two months of the year, Vietnam seafood exports to China more than doubled over the same period, reaching 145 million USD, accounting for 85%. Exports to Hong Kong increased by 46% to 25 million USD, accounting for 15%.
Importers in China and Hong Kong both boosted their orders of Vietnamese pangasius, crab and cephalopod products in the past two months. As for tuna, consumption was only strong in Hong Kong, with a growth of 56%, while China had almost no orders for Vietnamese tuna in the first 2 months of the year.
Although the growth was more modest than other products, shrimp still accounted for a high proportion of 23.4% of the total seafood export to this market, with nearly 40 million USD, up 13%. In which, China consumed nearly 28 million USD, while shrimp exports to Hong Kong reached 12 million USD.
Seafood exports to China & HK in 2021 hit the lowest level in 5 years
Vietnam seafood exports to China & Hong Kong in 2021 decreased by nearly 17% to more than 1.1 billion USD, the lowest level in the past 5 years. The main reason is China's Zero Covid policy, which has caused trade and import clearance activities to be stalled and jammed for most of the past year.
The 3 main products exported to China last year include shrimp (accounting for 36%), pangasius (39%) and other marine fish (14%); these products were all significantly reduced in export value to this market. In which, pangasius exports reached nearly 450 million USD. Shrimp exports to China & Hong Kong reached 412 million USD, dropped by 22%. In which, exports to China decreased by 22%, especially to Hong Kong fell 18%. China has reduced imports of giant tiger prawn from Vietnam by 14%, while imports of whiteleg shrimp still increased by nearly 6%.
Anchovy accounted for a significant proportion of seafood exports to China (6.4%, reaching 63 million USD), but in the past year, there has been a sharp decrease of 37%. In the first two months of this year, anchovy exports continued to decrease by 16%.
However, in 2021, China has sharply increased the import of some fish species. For example, mackerel imports increased by nearly 10 times, yellow stripe scad sales increased by 42%, fish sauce increased by 40%, herring increased by 108%...
Crab exports to China in 2021 fell 23% while exports to Hong Kong increased sharply by 116%.
Complied by Phuong Linh
(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.
(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.
(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.
(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.
(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.
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.
(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.
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.
(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.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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