Through August, whiteleg shrimp exports of the country rose by 71 percent compared to the same time last year while exports of black tiger shrimp increased 2.7 percent.
So far this year, shrimp exports made up a large proportion of 41.6 percent among
Shrimp exports to all markets posted a tremendous surge, in which exports to the
The proportion of whiteleg shrimp exports out of the country’s total shrimp export value is more and more increasing. This year, the proportion of whiteleg shrimp is nearly equal to that of black tiger shrimp with 46.17 percent, increasing from 33 percent of last year.
Shrimp exports are on upward trend in upcoming months while pangasius exports have taken the downward trend since the third quarter of this year (down 1.4 percent in July and 7.7 percent in August). Pangasius exports is forecasted to contract in the forthcoming months in amid difficulties in domestic fish production. Exports of this item in Jan-Aug 2013 reached US$1.13 billion, down 1.6 percent.
Tuna exports continued to report deep dive of over 20 percent in recent months. The figure in the first 8 months of this year reached US$378 million, down 4.6 percent. Tuna exports in 2013 is expected to register US$540 million, down 5 percent over 2012.
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|
PRODUCTS |
Jul 2013 (Value) |
Aug 2013 (Value) |
Compared to Aug 2012 (%) |
Jan-Aug 2013 (Value) |
Compared to the same period of 2012 (%) |
|
Shrimp (HS code 03 and 16) |
291.267 |
335.244 |
+65.5 |
1.729.459 |
+21.9 |
|
- Whiteleg shrimp |
153.386 |
189.222 |
+194.1 |
798.476 |
+71.2 |
|
- Black tiger shrimp |
119.375 |
128.582 |
+10.8 |
808.294 |
+2.71 |
|
Pangasius (HS code 03 and 16) |
135.551 |
150.840 |
-7.7 |
1.135.929 |
-1.6 |
|
Tuna (HS code 03 and 16) |
42.595 |
41.439 |
-21.1 |
377.768 |
-4.6 |
|
- Tuna HS code 16 |
20.753 |
25.090 |
+32.9 |
163.182 |
+20.9 |
|
- Tuna HS code 03 |
21.842 |
16.349 |
-51.4 |
214.586 |
-17.8 |
|
Other finfish (HS code 0301 - 0305 and 1604, ex. tuna and pangasius) |
73.068 |
78.029 |
-7.5 |
536.033 |
-5.2 |
|
Mollusk (HS code 0307 and 16) |
44.981 |
43.977 |
-7.2 |
321.146 |
-16.1 |
|
- Cephalopod |
39.102 |
38.790 |
-6.2 |
270.860 |
-18.2 |
|
- Bivalve mollusk |
5.783 |
5.054 |
-16.8 |
49.236 |
-4.7 |
|
Crab (HS code 03 and 16) |
11.522 |
12.266 |
-14.6 |
59.893 |
-14.4 |
|
TOTAL |
598.984 |
661.795 |
+17.2 |
4.160.228 |
+4.3 |
(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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