CPTPP is an important export market for Vietnamese shrimp enterprises with many advantages after the CPTPP Agreement is implemented. This year, among the top 4 largest single import markets in the bloc, shrimp exports to Japan recovered slowly while shrimp exports to Canada, Australia, and Singapore tended to recover well. The markets of Canada, Australia, and Singapore are considered to be areas that have quite well controlled the Covid-19 epidemic, so the demand for importing goods here is not affected much.
Japan is the largest importer of Vietnamese shrimp in the CPTPP. As of November this year, Vietnam's shrimp exports to Japan were estimated at $534.5 million, down 4.2% over the same period last year. Exports to Japan this year are not stable: increased from March to July while decreasing from August to November. Economic growth in Japan is unstable, adding bad influence from the Covid wave, restaurants restricting activities, reducing the consumption demand of people.
Canada is the second largest shrimp import market of Vietnam in the CPTPP. As of November this year, Vietnam's shrimp exports to Canada were estimated at 166.5 million USD, down 3.6% over the same period last year. This year, shrimp exports to Canada, after decreasing in August and September, recovered again in October and November. Canada is a country with a high income of the population, the market trend of importing warm water shrimp from Asia of the market. This market increases, so there are still many opportunities for Vietnamese shrimp exports to this market.
Vietnam's shrimp exports to Australia were estimated at over $164 million as of November this year, up 23.4% over the same period. From the beginning of the year to July this year, shrimp exports to Australia grew strongly. After that, it decreased in 3rd, 8th, 9th, 10th and then recovered again in November. Vietnamese shrimp is currently the top supplier of Australian shrimp. This is a potential market for Vietnamese shrimp.
In the first 3 quarters of this year, Vietnam's shrimp exports to Singapore were not stable, but there are signs of recovery in October and November.
The demand for shrimp imports from the CPTPP market this year is good. However, it is necessary to control the Covid-19 epidemic well for enterprises to stabilize production. Vietnam's shrimp exporters are still struggling with many difficulties due to the Covid-19 epidemic, high production costs and transportation charges...
(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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