In the first month of this year, exports have increased by 64% over the same period in 2023. After a continuous decline from the fourth quarter of 2022, exports from the fourth quarter of 2023 tended to be more positive and had a strong breakthrough in January, when the demand for goods for the Lunar New Year in many markets increased, especially in China and Asian countries. Part of it also caters to Vietnamese and Asian consumers in other markets.
After the Lunar New Year, normally demand levels off a bit, so exports to China do not increase as strongly as in January. However, Lent season has started, so the demand for seafood has returned in Western countries and many markets.
By the end of February, shrimp and tuna exports both increased by 37% over the same period, while pangasius exports increased by 15% and other fish increased by 8%. Particularly, cephalopod exports decreased slightly by 1%.
Shrimp exports have positive signals in many markets, such as China, the US, Japan, Canada, and Australia. In particular, in the Chinese market, demand is recovering well, while competitive exporter Ecuador is being warned about sulfite on shrimp, and the problem of increased freight due to the Red Sea tension also causes Ecuadorian shrimp imports to China to decline.
Ecuador, however, is more focused on the US and EU markets, so competitive pressure is greater in these markets.
Pangasius export prices to the US and EU both bottomed out in the last months of 2023 but recovered slightly in January, but export prices to China were still significantly lower than in previous years.
Inventory problems and oversupply are still affecting the consumption and import of main aquatic species such as shrimp, pangasius, etc.
Seafood exports are still in a difficult period because the IUU yellow card problem causes the procedures of catch certification and catch statement of seafood caught for export to the EU to be stalled. While lacking domestic raw materials, enterprises also face difficulties with imported materials because of IUU-related regulations.
In March and April 4, seafood enterprises will participate in the International Seafood Fairs in Boston, USA, and Barcelona, Spain, so expecting more positive results for their orders after these events.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
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Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
