However, this decline was offset by the growth in the first quarter, so the cumulative export value of fish cakes and surimi in the first half of the year still increased by 1%, reaching 195 million USD.
In Q2/2022, the position of the largest import markets for fish cakes and surimi of Vietnam has changed.
The 8 biggest importing markets of Vietnam's fish cakes and surimi in this quarter are Thailand, CPTPP, Korea, China, Taiwan, the US, EU and Russia, accounting for 95% of the total export value of fish cakes and surimi of the whole country.
Compared to the same period in 2021, Vietnam's exports of fish cakes and surimi to some main markets decreased such as China, EU and Russia.
Exports of fish cakes and surimi to Korea in Q2/2022 continued to grow.
However, the export growth rate is slow, so the country has dropped to the 3rd position in the ranking of export markets of fish cakes and surimi of Vietnam.
The export value to Korea in Q2/2022 reached 22 million USD, up 15% compared to Q2/2021, bringing the total export value to this market in H1/2022 to 45 million USD, up 11% compared to the 2021’s same period.
Meanwhile, Vietnam's exports of fish cakes and surimi to Thailand tended to increase.
This helped making Thailand the largest importer of Vietnamese fish cakes and surimi in H1/2022. Export value to this market in Q2/2022 reached 27 million USD, up 16% compared to Q1/2022. Accumulated in the first 6 months, exports to this market increased by 17%, reaching 48 million USD.
Vietnam's exports of fish cakes and surimi to markets participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) also decreased in the first month of the year and increased year-on-year in the next two months. Notably, the export of fish cakes and surimi to Japan and Malaysia accelerated in Q2/2022.
Exports to these two markets brought in for Vietnam 23 million USD and 17 million USD, respectively up by 28% and 31% over the same period in 2021. Meanwhile, exports to Singapore tend to have downward trend in the last 2 months of the quarter.
Compiled by My Hanh
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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