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) 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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