In September, shrimp exports to most of the main markets continued to decline, but the reduction rate was lower. The easing of social distancing since mid-September has helped businesses gradually restore production after the epidemic.
According to data from Vietnam Customs, in September 2021, Vietnam's shrimp exports decreased by 20% to US$308.5 million. The rate of decline was lower than in August 2021. Shrimp exports to some markets have shown signs of slight recovery: Exports to the US market in September 2021 increased by 8% over the same period last year, exports to the EU in September recorded a lower decline compared to the same period last month. 8, exports to the Korean market increased by 4%. Exports to the remaining markets in the top 10 main markets still fell sharply in September.
By the end of September 2021, shrimp exports reached 2.76 billion USD, up 2.7% over the same period in which vannamei shrimp increased by 10% to reach 2.13 billion USD, while black tiger shrimp decreased by 1.7%. reached 422.5 million USD. In the structure of Vietnam's exported shrimp products, vannamei shrimp accounted for 77.2%, black tiger shrimp accounted for 15.3%, and marine shrimp accounted for 7.5%.
Among the exported vannamei and black tiger shrimp products as of September this year, only the export value of live/fresh/frozen vannamei shrimp (HS code 03) increased by 20%, the rest of the products decreased compared to the previous year. with the same period last year. Demand for affordable vannamei shrimp products increased sharply during the Covid-19 epidemic season.
After declining in August, Vietnam's shrimp exports to the US in September 2021 recovered slightly, up 8% to $97.6 million. Accumulated in the first 9 months of the year, shrimp exports to the US reached over 775 million USD, up 22% over the same period.
Vietnam's shrimp exports to the EU in September 2021 decreased by 15% to 48.8 million USD. Although still decreasing, the rate of decrease was lower than that of August. In the first 9 months of this year, shrimp exports to this market reached nearly USD 408 million, up 10% over the same period. The three main import markets in the bloc are Germany, the Netherlands and Belgium. As of September this year, exports to Germany and Belgium increased by 22% and 2% respectively, exports to the Netherlands decreased by 1%.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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