Through June, cephalopod exports witnessed a double-digit growth from 2011, in February 2012, export value of this product got an all-time high of 89 percent over that of February 2011.
In the first 6 months of 2011, cephalopod shipment to South Korea was up 6 percent in volume and over 40 percent in value over 2010. However, for the year to June, exports to the market slumped 4.5 percent in value.
There is a huge cephalopod demand from importing markets, but Vietnam exporters face scarcity of raw material and rocketing input costs while they can’t negotiate to raise export price.
Through June, amid persistent economic crisis in EU, cephalopod exports still stabilized in the market, especially in Spain and France. Till the end of June, cephalopod exports to these markets showed an impressive growth of 75 percent and 100 percent in value, respectively.
Besides, exports to ASEAN, China, Hong Kong, the U.S., Russia, and Australia got a positive result. For three consecutive years, bivalve mollusk exports remained a negative and unstable growth. In January 2012, exports fell by 44 percent because of long holidays.
Some months after Jan, exports surged slightly but in Jun, shipment of this product continued to drop by 21 percent over 2011. Through June, exports sank 4.2 percent over 2011 and exports to main markets such as the U.S., Japan, ASEAN, China-Hong Kong got a double digit reduction.
(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.
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