Since 2007, EU has surpassed Japan to become the largest importer of Vietnam seafood with fast and stable growth. In 2011, EU took the lead in seafood importing from Vietnam with 21.8 percent of the market share, followed by the U.S. with 19.3 percent and Japan with 16.4 percent.
In the first three months of 2012, seafood exports reached over US$1.3 billion in which EU was still the largest seafood importer of Vietnam with US$260 million, representing a 7.9 percent reduction from that of the same period of 2011.
Vietnam supplies a variety of seafood products for EU in which pangasius is the main exported item. Pangasius export volume to EU was stable, however, the export price tended to be increasingly low.
In contrast, shrimp shipment to EU showed a positive sign in two recent years and was expected to rocket in the upcoming years. In 2011, shrimp exports to EU was up 20.3 percent over 2010, bringing Vietnam to rank the fifth in top shrimp exporters to EU with the growth of 6.1 percent in market share of 2010 to 7.5 percent of 2011.
Pangasius is an advantage of Vietnam seafood exports while it is more and more popular with EU consumers. Boosting pangasius exports to EU will bring mutual benefit, Mr. Struan Stevenson - Senior Vice President of the European Parliament Fisheries Committee said.
In 2011 alone, Vietnam delivered 600,000 MT of pangasius to EU and average annual growth in seafood exports to EU was 30 percent. Vietnam seafood has succeeded in getting a foothold in EU market, Stevenson concluded.
Despite European debt crisis, the food industries in the region are standing firmly. ESE 2012 attracted over 1,600 seafood companies from 80 countries all over the world which were decorated impressively in the area of 34,000 square meters. At 2012 ESE, Vietnam enterprises have nearly 40 booths with nice and professional decoration and they are among the largest booths in the Exposition.
In 2012, despite instable financial situation in many countries, VASEP still focused on improving its images in ESE 2012. This year, Vietnam seafood enterprises were more active in preparing as well as bringing new seafood products to the Exposition.
Vietnam seafood exports are affected by European credit tightening. Seafood enterprises are waiting for banks’ credit loosening for loans to reinvest and stabilize their business in the EU market.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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