According to the Vietnam Trade Office in Algeria, after a sharp decline in 2021 due to the Covid-19 pandemic, Vietnam's seafood exports, mainly pangasius, to Algeria, are recovering.
In the first 3 months of this year, seafood export turnover to Algeria (mainly frozen pangasius fillets) reached more than USD 780,000, up 56% over the same period in 2021.
On the Algerian market, Vietnamese pangasius fillets are sold for about USD 9.5/kg (equivalent to the cheapest fish caught in Algeria - sardine), and Vietnamese squid for USD 8/kg.
Algerian importers said that pangasius is favored by the people of this country in terms of quality and price.
However, in the past two years, due to the impact of Covid-19, the freight rate has increased, so the selling price of this item has increased by 2 to 3 times.
Despite having a coastline of nearly 1,000 km, Algeria's fishery output is only 100,000 tons/year. Seafood in Algeria is very expensive, and not affordable for the majority of people.
According to Algerian Customs, each year this country imports 32,000 tons of seafood, with a turnover of USD 90-100 million. The main supplying countries include Tadjikistan, Spain, China, India, Vietnam, and Morocco. Total import tax and fee is 53% (of which 30% import tax, 19% VAT, 2% withholding tax and 2% solidarity tax).
Before the Covid-19 pandemic, the value of Vietnamese seafood exports to Algeria was about 10 million USD/year. In 2021, our country's export turnover to this market will only reach USD 1.5 million
Compiled by Minh Trang
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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