(seafood.vasep.com.vn) Drought and salinity in the first half of 2016 affected supply of raw materials for processing and exporting. However, with efforts of enterprise community and recovery in importing demand from some markets, Vietnam’s seafood export turnover in QII/2016 remained the growth of 2.1% after the advance of 6.4% in QI.
With export result of US$1.45 billion in QI and US$1.69 billion in QII, Vietnam’s total seafood exports in the first 6 months of 2016 hit US$3.15 billion, up 4% year on year.
After the growth of 8% in QI/2016, shrimp exports in QII/2016 only rose 2.3% due to shortage of domestic raw materials.
Sales of pangasius and tuna witnessed the respective surge of 8% and 4.8% in QII/2016 after the rise of 2.4% of pangasius and the slump of 5.5% of tuna in QI/2016.
In QII/2016, except for the decline of 12.4% in cephalopod exports (QI/2016: -4.8%), exports of other marine products tend to report year-on-year growth.
Demand from the US remained stable, so exports to the market reported positive growth of 11%. The growth of 43% was seen in exports to China. Exports to some major markets like EU, ASEAN, Australia recovered. The recovery helped to compensate for the slight reduction of 3% in exports to Japan and 1% in exports to South Korea and contributed into the positive growth of Vietnam seafood revenue in the first half of the year.
Seafood demand from markets is expected to remain stable or better in the second half of the year. However, exports of key farmed items (shrimp and pangasius) may be affected due to shortage of raw material in the late year. Lack of raw material also affect to export turnover of marine products. Vietnam seafood exporters can raise their revenue by using the domestic supply of raw materials and supply imported for processing and exporting.
Report on Vietnam seafood exports in QII/2016 published on August 8th, 2016 will provide valued enterprises and readers with performance of production and exports of seafood items in the second quarter and the first half of the year, analysis and evaluation on the market trend in the first two quarters of the year and specific forecast on seafood production and exports in the last two quarters of the year.
Enterprises and readers who are interested in the report, please contact Ms. Nguyen Thu Trang - Mobile: 0906 151 556 - Email: nguyentrang@vasep.com.vn
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