OTHER MARINE PRODUCTS

Vietnam surimi exports remain sluggish
08:10 07/16/2024

(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.

(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.

(seafood.vasep.com.vn) Vietnam's cephalopod exports in the first month of this year reached 62 million USD, up 45% over the same period last year. Except for the same time last year, which fell during the Lunar New Year, the growth in cephalopod exports in the first month of this year is also a good signal to start the export of the whole year.

(seafood.vasep.com.vn) China and Hong Kong were Vietnam's third-largest cephalopod import markets in 2023, accounting for 10%. Vietnam's cephalopod exports to China and Hong Kong in 2023 reached 77 million USD, down 6% over the same period.

(seafood.vasep.com.vn) In 2023, Vietnam's exports of shell mollusk products reached 127 million USD, down 12%. Vietnam's main exported shell mollusks include clams, accounting for 62% of export value, snails, accounting for 12%, oysters, accounting for 11%, and scallops, accounting for nearly 9%. In addition, some species with modest export value includes oysters, baby clams, abalone, and mussels.

The Ministry of Agriculture and Rural Development (MARD) has set a target to produce some 500,000 tonnes of seaweed by 2030 as part of the nation’s seafood development strategy.

C.P. Vietnam Livestock JSC said that it has cooperated with more than 2,500 livestock and aquatic farms across Vietnam.

More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development.

Vietnamese businesses should make greater efforts to tap the potential of seafood exports to Switzerland, a trade official said.

(seafood.vasep.com.vn) In 2023, Vietnam's cephalopod exports reached 660 million USD, down 13% compared to 2022. Despite of negative growth, cephalopod exports recorded a slighter decrease compared to other key export seafood products.

(seafood.vasep.com.vn) In 2023, Vietnam's fish paste and surimi export turnover was estimated at 303 million USD, down 27% compared to 2022. In the past five years, Vietnam's fish paste and surimi industry earned from 300-420 million USD each year, including surimi from marine fish and pangasius, accounting for 4%-5% of the country's total seafood exports.

Representatives of firms gathered to discuss how to improve the value and quality of surimi and fishmeal products which bring high export turnover

(seafood.vasep.com.vn) By the end of November 2023, Vietnam’s seafood exports reached over 8.2 billion USD, down 20% over the same period in 2022. It is estimated that seafood exports in December reach nearly 800 million USD, equivalent to November, bringing the total seafood exports for 2023 to about 9 billion USD, 17% lower than the record level of nearly 11 billion USD of 2022.

(seafood.vasep.com.vn) VASEP Surimi and Fishmeal Business Club launched on December 22, 2023 in Ho Chi Minh City, stemming from the fact that the increasing number and contribution activities of surimi and fishmeal enterprises in Vietnam’s seafood sector in general development of the global seafood.

(seafood. vasep.com.vn) Vietnam's cephalopod exports in the first 8 months of 2023 reached 417 million USD, down 15% over the same period last year. In August 2023 alone, exports of this product reached 67 million USD, down 11% over the same period. Despite continuing to see a decline, Vietnam’s cephalopod exports in August had a smaller decrease in value compared to other key seafood products.


SPECIALIST ON MARINE FISH MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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