Some Vietnam exporters said that they have met difficulties in fish export to Indonesia as the country regulated limit of fish import licences and quota. Indonesian pangasius importers are required to mandatorily register to the government authorities to import pangasius, but theyjust receive a very low quota of fish import. Therefore, it is so hard for them to continue purchasing fish from Vietnam though the country is still having high demand for the fish.
Currently, Indonesia has low production of catfish, which is impossible to satisfy strongly rising consumption demand of the species in the domestic market. However, the country decided to tighten pangasius imports to protect its domestic industry.
Indonesian goverment will permit to import fish to compensate low volume of wild catches during the coming months of bad weather. But fish imports into the country just make up 20 percent of its whole fish production for human consumption; other 80 percent come from inside sources.
As pangasius sales showed decline in some foreign markets, it is important that Vietnam pangasius exporters intensify exports of fish to other potential markets like Indonesia to benefit from near distance and less transportation cost.
Currently, Indonesia is also supplier of frozen pangasius fillets, mostly to the U.S. But the country’s export fell from 703 MT of fish in 2008 to nearly 11MT in 2011.
Referring to statistics from Indonesia Fisheries and Marine Affairs, Indonesia’s demand for seafood and fish products keeps increasing over the years. In 2009, households’ seafood consumption reached 30.17 kilogram per person, up 5.96 percent from that of 2005 and up 7.75 percent from 2008.
(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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