Shrimp
Through Sep 2016, shrimp exports hit nearly US$2.25 billion, up 5.6% year on year in which exports of whiteleg shrimp made up 61.3% of the total shrimp exports and rose 11.2%.
The growth in shrimp exports were thanks to the rise in exports to some major markets like the U.S., the EU, China-Hong Kong and South Korea.
Shrimp exports to the largest market (the U.S.) making up 23% of the totals reported the growth thanks to stable demand and supply shortage in India, Indonesia, Ecuador, Thailand.
On Sep 7th 2016, the Department of Commerce (DOC) has announced the final result on antidumping duty on shrimp imported from Vietnam in the 10th period of administrative review (POR 10) from Feb 1st 2014 to Jan 31st 2015. The duty rate of POR10 was 4.78% for the voluntary and mandatory respondents, higher than the final result of POR9. This is a high duty rate for Vietnam shrimp exporters. Vietnamese enterprises are going to file claim against the result of POR10 to the United States Court of International Trade (CIT) and ask CIT to reconsider the zeroing method to calculate the dumping margins that is being used by DOC.
Although the result of POR10 affected to Vietnam shrimp exporters, shrimp exports in QIV/2016 is still stable.
Demand for importing shrimp from EU, Korea, Japan in the last quarter of this year is expected to rise. Predictably, shrimp exports in 2016 will touch US$3.1 billion, up 5% year on year.
Pangasius
Pangasius exports to the U.S. faced two barriers of antidumping duty and catfish inspection program. However, pangasius exports to the U.S. reported the growth.
Pangasius exports to China in Jan-Sep 2016 up 75.6% year on year. China outstripped EU to become the 2nd largest importer of Vietnam pangasius. Exports of the fish to other markets like ASEAN, Mexico, Brazil, Colombia were unstable.
It is expected that in 2016 pangasius exports of Vietnam will reach US$1.66 billion, up 6.4% year on year.
Marine products
In Jan-Sep 2016, exports of tuna gained US$354.6 million, up 3.8%; other finfish reached US$816.5 million,up 7.3%; mollusk (cephalopod and bivalve mollusk) with US$360.4 million, down 3.4%; crab and other crustacean with US$91.2 million, up 10.4% year on year.
Vietnam’s seafood exports are expected to reach US$7 billion, up 5.5% year on year.
Written by Ta Ha
Compiled by Kim Thu
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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