SI Research forecasts profits from seafood of PAN Group members in 2022
10:52 07/22/2022

(seafood.vasep.com.vn) The average import price of Vietnam shrimp reached 11.46 USD/kg, about 1USD higher than the average import price and other suppliers such as Indonesia or Ecuador.

(seafood.vasep.com.vn) According to Directorate of Fisheries, Vietnam fisheries production in the first 6 months of the year was estimated at 4,196.8 thousand tons, increased by 2.5% over the same period last year (in the second quarter of 2022, it reached 2,333.3 thousand tons, up 2.9%), including: Fish reached 3,044.4 thousand tons, up 1.7%; shrimp reached 520 thousand tons, up 9.4%; other marine products reached 632.4 thousand tons, up 1.2%.

(seafood.vasep.com.vn) On June 26, 2022, Nhatrang Seafood (F17) inaugurated its high quality shrimp processing factory, located in Ho Phong, Bac Lieu.

(seafood.vasep.com.vn) In May 2022, Vietnam's shrimp export turnover reached 457 million USD, an increase of 31% compared to the same period last year. Accumulating the first five months of 2022, Vietnam's shrimp export turnover went up 41% in comparison to the same period last year, to 1.9 billion USD. In May, the growth rate of Vietnam's shrimp exports to the US slowed down while exports to China went up.

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) revealed that the shrimp aquaculture this year encountered some difficulties due to the pandemic, however, the positive outcomes had resulted in the reduction of cost and an increase in profit for the second quarter of the year.

(seafood.vasep.com.vn) The InfoFish World Shrimp Trade Conference and Exhibition in Malaysia was held on 8th -10th, June 2022. At the Conference, VASEP had a stall to introduce the information about Vietnam Fisheries International Exhibition 2022 and other promotional publications of Vietnamese seafood such as: the Map of Vietnam seafood factories, the Poster of Vietnam's seafood export panorama, Report on Vietnam shrimp exports in 2016 – 2021, Report on Vietnam seafood exports in 2021…

(seafood.vasep.com.vn) In the first five months of the year, the total Ca Mau’s fishery output reached 259,715 tons, increasing 1.6% compared to the same period last year.

(seafood.vasep.com.vn) Up to May 15th, 2022, Vietnam’s shrimp export value to Canada had reached 100 million USD, up by 87% compared to the same period last year. Shrimp export to this market has recorded a considerable growth in the past two years, and is evaluated to have further opportunity to thrive in the near future.

(seafood.vasep.com.vn) After more than three years of application, super-intensive shrimp farming is considered a model that brings production efficiency and is expected to be expanded and developed soon.

(seafood.vasep.com.vn) Minh Phu Seafood Corp announced that the company aims at accounting for 25% of the world shrimp market share by 2045. This goal is projected to be achieved by Minh Phu through short, medium and long-term strategies, particularly the 2021-2025 strategy with the key objective being building a green and clean and sustainable shrimp value chain of Vietnam, with competitive prices compared to India, Indonesia and Ecuador, improving processing productivity and reducing COGS.

(seafood.vasep.com.vn) Vietnam's shrimp exports in April 2022 reached more than US$442 million, up 47% over the same period last year. Accumulated in the first 4 months of this year, shrimp export turnover reached USD 1.4 billion, up 45% over the same period. Shrimp export turnover in the first 4 months of this year reached a record compared to the same period in previous years.

(seafood.vasep.com.vn) Sao Ta's sales in April 2022 increased by 10% compared to the same period last year and it is forecast that May's operation will improve significantly when the agricultural products segment arrives at the time of mass delivery and shrimp from the farm will focus on harvesting.

(seafood.vasep.com.vn) Vietnam's shrimp exports experienced an energetic first quarter of this year with export revenue of nearly $955 million, up 44% over the same period last year, which signals a promising year for shrimp exports nationwide.


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