OTHER MARINE PRODUCTS

China sharply increased imports of cephalopod from Vietnam in January 2024
10:15 03/08/2024

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

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.

(seafood. vasep.com.vn)Sales Director Igor Kint, Lenger Seafood Group based in the Netherlands, said that the company is about to expand its clam processing factory in Nam Dinh province.

(seafood.vasep.com.vn) Vietnam's cephalopod exports in the first 5 months of 2023 amounted to over 240 million USD, reflecting a 13% decline compared to the corresponding period last year. In May 2023 alone, the export value for this product reached 52 million USD, showing a decrease of 18% over the same period.

(seafood.vasep.com.vn) In recent days, many seafood businesses have reported a decline in business results and profits since the beginning of the year. The market landscape is largely covered in shades of gray as the global economy remains unstable, with inflation showing no signs of cooling down in many major countries. Vietnamese seafood exports to key markets continue to decline sharply in April 2023, reflecting the impact of inflation and economic downturn in countries with import demands and seafood consumption.

(seafood. vasep.com.vn) According to statistics of Korea Customs, Korea's import of frozen fish cakes/surimi in March 2023 reached nearly 9 thousand tons, down 35% compared to the same period in 2022. In the first quarter of 2023, the import turnover of this product group reached nearly 34 thousand tons, a decrease of 4%.

(seafood. vasep.com.vn) According to statistics of Korea Customs, Korea's import of frozen fish cakes/surimi in March 2023 reached nearly 9 thousand tons, down 35% compared to the same period in 2022. In the first quarter of 2023, the import turnover of this product group reached nearly 34 thousand tons, a decrease of 4%.

(seafood.vasep.com) Although negative growth is inevitable in the general decline trend of Vietnam's seafood exports, the export value of cephalopods recorded a slighter decrease compared to other key export seafood products.

(seafood.vasep.com.vn) After growing in February 2023, Vietnam's exports of fish cakes and surimi in March reversed and decreased over the same period. The export value of this product group in March only reached 25 million USD, down 28%. In the first 3 months of 2023, the export turnover of fish cakes and surimi was nearly $68 million, down 23%.


SPECIALIST ON MARINE FISH MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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