According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in the third quarter of this year reached 2.76 billion USD, up nearly 13% over the same period last year. Of which, in September alone, it reached 866 million USD, up 6.4% over September 2023. In total, seafood exports in the first 9 months reached 7.16 billion USD, up 8.5% over the same period last year.
Key products all had significant breakthroughs including: pangasius increased by 13.5%, shrimp increased by 17.5%, crab increased by 56%, and shellfish increased by 95%.
In September, tuna exports decreased by nearly 6% compared to the same period last year, making the third quarter exports only about 4% higher than the same period last year. Starting from August, tuna exports stagnated and are on a downward trend in the last months of the year, because the regulation on catching tuna with a minimum size of 0.5m makes it impossible for fishermen to catch and businesses do not have raw materials for processing.
In the first 9 months, tuna exports increased by 16% compared to the same period last year, reaching 715 million USD. Of which, frozen tuna loin/fillet accounted for 48% with 346 million USD, up 9.6%, canned tuna accounted for 30% with 214 million USD, up 16.6%. Most of the growth in tuna exports was the result of the first half of the year.
Pangasius exports in the first 9 months of the year brought in a turnover of 1.46 billion USD, up 8% over the same period last year. Of which, processed pangasius increased dramatically by 42%, frozen whole pangasius increased by 24%, and frozen fillet/cut pangasius increased slightly by 4%.
Seafood exports in the first nine months of the year reached 7.16 billion USD, up 8.5% over the same period last year. In September alone, they reached 866 million USD, up 6.4% over September 2023. Photo: VASEP
Shrimp brought in the highest export turnover of nearly 2.8 billion USD, up 10.5% over the same period in 2023. According to VASEP, in 2024, frozen shrimp exports will still be affected by the price trend that has not clearly recovered, along with competitive selling price pressure with shrimp from Ecuador and India. However, Vietnam's processed shrimp still has a good position in the markets.
As a result, by the end of September, processed white-leg shrimp exports still increased by nearly 10%, while frozen white-leg shrimp increased by 4.5%. In the first 9 months of the year, white-leg shrimp exports reached nearly 2 billion USD, and black tiger shrimp exports reached 334 million USD.
Regarding squid and octopus, the processed product segment also showed better export signals than frozen products. Accordingly, processed squid exports increased by 22% in the third quarter and by 13% in the first 9 months of the year. However, total squid and octopus exports in the first 3 quarters of the year still decreased slightly by 2.7% compared to the same period last year, reaching 464 million USD.
Crab exports have maintained a high growth rate since the beginning of the year. In the third quarter alone, exports of this product increased by 56% and in the first 9 months of the year increased by 66% to reach 227 million USD, mainly due to the sharp increase in live crab exports to the Chinese market.
According to VASEP, seafood exports continued to grow in September, showing many positive signs compared to 2023, with export turnover in 2024 expected to reach 9.5 billion USD, up 7%. Of which, shrimp exports are estimated to reach nearly 4 billion USD, pangasius about 2 billion USD, tuna nearly 1 billion USD, squid and octopus about 640 million USD, the rest are marine fish and other seafood products.
"Demand from markets is recovering, export prices in markets are increasing and will continue to increase, which is the driving force for businesses to promote exports in the last months of the year and in 2025," VASEP commented.
Source: https://danviet.vn/xuat-khau-thuy-san-dat-71-ty-usd-tom-ca-tra-mang-ve-hon-42-ty-usd-trung-quoc-mua-cua-ghe-tang-66-20241002101524015.htm
Comment (0)