The decision creates more burdens on the local shrimp exporters already facing a hardship situation.
In 2012,
At the same time, in 2012, South Korea was the fifth largest consumer of Vietnam shrimp with an import value of US$171.4 million, 8.8 percent up from 2011 while exports to other major markets such as the U.S., EU declined respectively by 18.6 percent, 24.5 percent and with a slight increment in the Japanese market equal to 1.7 percent.
Shrimp exports to
During the same period, shrimp shipment to 8 others, totally 10, largest importers underwent a deep decrease over Feb 2012 in which exports to Japan and EU went down of 40 and 33.5 percent respectively. Besides, lower consumption in global markets due to economic turmoil caused a further decrease of
According to the U.S. Census, in Jan 2013, shrimp imports into the
According to National Marine Fisheries Service (NMFS), in the first month of 2013, shrimp imports into Japan reached 13,649 MT, down of 13.1 percent compared to the same period of 2012 (15,708 MT) in which imports from China dropped of 40 percent, Thailand and Vietnam down of 18.6 percent and 16 percent respectively.
In Jan and Feb 2013, shrimp exports reached over US$242.2 million, down of 6 percent in comparison with the same period of 2012. The
However,
(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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