In QIV/2016, the export value of Vietnam cephalopod touched the highest compared to those of the first 3 quarters of 2016 with the sales of US$140.7 million, up 21% compared to the same period in 2015.
In QIV/2016, the sales to top 3 largest importing markets (South Korea, Japan and the EU) reported a positive growth. The sales to top 3 markets showed the decline in the first half of 2016, however, exports to these markets showed the gradual growth in the late months of the year.
Due to lack of domestic raw material supply, processors must strengthen importing raw materials from foreign countries in QIII and QIV 2016.
In 2016, the proportion of squid for exports (58.6%) continued to rise while that of octopus (41.4%) tend to decline.
Among total cephalopod products for exports, exports of frozen/fresh/live squid (HS 03) rose; other processed squid downed; smoked/dried squid also climbed down. Exports of processed octopus (HS 16) rose 8.2%.
In 2016, the top 6 key markets including Korea, Japan, ASEAN, the EU, China and Hong Kong, the U.S., accounting for 95.2% of total export value.
In the first quarter of 2016, Russia was put into top 9 leading markets of Vietnam cephalopod. Until the mid 2016, Israel replaced the position of Russia among top 9 markets. Cephalopod exports to Israel in 2016 reported good growth.
The export turnover of cephalopod in QI/2017 is expected to reach US$80 million and US$420 million in the whole year, lower than 2016. Exports to 3 key markets (Korea, Japan slightly falls; the EU slightly rises).
Written by Ngoc Thuy
Compiled by Kim Thu
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
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.
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