Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Image: VASEP

Vietnam's seafood exports reached 10.2 billion USD

Click on the flag for more information about Viet Nam VIET NAM
Wednesday, December 07, 2022, 07:00 (GMT + 9)

VASEP, the Vietnam Association of Seafood Exporters and Producers, report that November 2022 was the first time since the beginning of the year, seafood export growth fell (down over 14%) over the same period last year, reaching only about 780 million USD, the lowest level since the Lunar New Year. Accumulated in the first 11 months of the year, Vietnam's seafood exports reached 10.2 billion USD, up nearly 28% over the same period in 2021.

Vietnam pangasius fishing

In November 2022, exports of shrimp, pangasius and tuna all decreased by 20-26% compared to the same period last year. Only cephalopods and marine fish exports still maintained positive growth of 9% and 6%, respectively.

By the end of November, pangasius exports still grew strongly by 63% to nearly 2.3 billion USD, shrimp exports earned over 4 billion USD, up 14%. Tuna is the sector with the second largest growth of 40%, reaching 941 million USD. Export of cephalopods also increased strongly by 30% to 704 million USD.

The US market contributes the largest amount of foreign currency to Vietnamese seafood with over US$2 billion, up nearly 10% over the same period in 2021. Exports to China - Hong Kong and the Japanese market achieved approximate sales, about 1.6 billion USD. By the end of November, seafood exports to the EU market brought in over $1.2 billion and to South Korea reached over $882 million.

The CPTPP countries (including Japan), accounted for over 26% of Vietnam's total seafood exports with nearly $2.7 billion in the first 11 months of the year, up 34%.

CPTPP countries

In general, the achievement of over 10 billion USD by the end of November is the result of strong growth in the first 3 quarters of the year, with favorable market demand, increased export prices, and sufficient raw materials to supply orders.

In the second half of 2022, Vietnam's seafood export growth slowed down

However, in the second half of the year, export growth slowed down and market demand dropped, especially in the fourth quarter. In October, seafood exports only increased by 2% over the same period. In November, seafood exports increased 14%, lower than in November 2021.

Seafood exports in December are forecasted to fall further and the decline trend will last until 2023. Inflation heavily affects import markets, and decreases the purchasing demand in the first quarter of 2023. Many seafood enterprises said that orders have dropped sharply not only for high- Priced items such as black tiger shrimp, large white leg shrimp, and high-class seafood such as squid, octopus, tuna, etc, but also other affordable products such as small shrimp, pangasius, small sea fish, fish cakes, surimi also saw a significant reduction in demand for the next quarter.

Compiled by Thuy Linh / VASEP

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Jan 30, 08:00 (GMT + 9):
A new way of measuring fish welfare in wild-capture fisheries
South Korea
Jan 30, 06:00 (GMT + 9):
South Korean seaweed report: 70% global market share, exported to 114 countries … Overwhelming Japan and China
Japan
Jan 30, 05:00 (GMT + 9):
'Sea grapes' farming using hot spring heat aiming to make it a special product from cold regions in Ishikawa
Portugal
Jan 30, 05:00 (GMT + 9):
Replacing single-use plastic film with algae-based biodegradable edible film
Norway
Jan 30, 04:10 (GMT + 9):
Fresh report on copper from aquaculture facilities
Spain
Jan 30, 03:00 (GMT + 9):
Skretting : 'A leap forward for farmed Atlantic bluefin tuna'
Sri Lanka
Jan 30, 01:10 (GMT + 9):
IN BRIEF - Korean envoy meets Fisheries Minister to boost shrimp farming
Spain
Jan 30, 01:00 (GMT + 9):
The Galician Canning Strategic Plan 2022-2030 is committed to promoting internationalization and innovation in the sector
Uruguay
Jan 30, 01:00 (GMT + 9):
IN BRIEF - The first Uruguayan fishing trawler that incorporates women in the crew has set sail
China
Jan 30, 00:50 (GMT + 9):
Statistics │ Import │Salmon │ USA, Russia and Chile │ 2021-22
United States
Jan 30, 00:40 (GMT + 9):
Statistics │ Export │ Frozen salmon: Chum, Pink │ MNSF │ 2021-22
Japan
Jan 30, 00:30 (GMT + 9):
Catch │ Chum salmon │ Aomori │ until 10/Jan/2023
Japan
Jan 30, 00:30 (GMT + 9):
Catch │ Chum salmon │ Iwate │ until 01-Jan-2023
Japan
Jan 30, 00:30 (GMT + 9):
Capture and Migration │Hokkaido-Honshu │ Chum salmon (Oncorhynchus keta) │ 2011-22
Japan
Jan 30, 00:30 (GMT + 9):
Capture and Migration │Chum salmon (Oncorhynchus keta) │31-Dec-2022



Lenguaje
FEATURED EVENTS
  
TOP STORIES
'This Olympic race on shrimp is not good for anyone'
Argentina Eduardo Boiero is the president of CAPeCA, the chamber that brings together most of the historical pole boats that developed the fishery. In this interview he talks about the shrimp quota, not only as...
Russian fishermen go with an excess of last year's catch by 15%: almost 280 thousand tons were caught
Russia Fed. According to the industry monitoring system, by January 24, 2023, Russian fishermen caught 279.3 thousand tons of fish, which is 15% more than in 2022. In the Far Eastern fishery basin, the catch amo...
Commercial fishing through auctions
Ukraine The beginning of 2023 was marked for the fishing industry by significant changes in the processing of permits for commercial fishing. "One of the main goals of the implementation of the experi...
Cocaine in a tuna can container headed for the UK
Ecuador Ecuadorian authorities managed to seize 924 packages of cocaine destined for Great Britain. The drug was hidden in a container that intended to leave from one of the Guayaquil seaports. In addition to...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2023 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER