- news, features, articles and disease information for the fish industry


Viet Nam's Seafood Exports Starting to Recover

31 July 2013

VIET NAM - Viet Nam seafood exports are showing signs of recovery after two months of consecutive decline in export value from 10.7 to 30.8 per cent over the same period last year. What an unexpected surprise is the rebalancing of major export items of shrimp and "plunge" of most seafood products.

According to the General Administration of Customs, the country's seafood export the first half of 2013 reached US $ 2.89 billion, compared with the same period last year increased slightly by 0.3 per cent, which has led to shrimp export value reaching $ 1.1 billion, had the strongest growth in the value structure of seafood, 8.6 per cent, reports VASEP.

White shrimp exports up 71.5 per cent

In the first six months of 2013, only February with shrimp export value decreased by 32.8 per cent compared to the same period in 2012. In three consecutive months of the second quarter, the value of shrimp exports increased by nine per cent, 22.9 per cent and 18.5 per cent compared to the quarter II/2012 average export value of about $ 230 million / month. The first half of this year, shrimp exports accounted for 38 per cent of total seafood export value, up three per cent compared to the quarter II/2012.

Currently in most major markets, the volume of shrimp imports increased but the price has increased continuously. One of the main causes of lack of supply from Thailand - the largest producing countries in the world - the world have pushed shrimp prices continued to rise. In the first two quarters of this year, early mortality syndrome and adverse weather have decreased shrimp production in the country.

The economic downturn that white shrimp become "sold out" in the first quarter. With reasonable prices and pick up before demand will rise this year, many countries such as China, Thailand, Ecuador, Viet Nam, India, Indonesia ... boosted production and export of vannamei. Particularly, Indian , white shrimp export value in FY 2012 - 2013 double.

Currently, the export rate of white shrimp in the shrimp export structure of Viet Nam accounted for approximately 41.3 per cent , 50.8 per cent prawn and shrimp all kinds of 7.9 per cent . In the first six months, white shrimp export value also fell 19.5 per cent in February, the remaining months will increase from 5.8 to 71.5 per cent over the same period last year.

Fish exports increased slowly

Despite growth in four months Pangasius export value from 1.8 to 40.7 per cent over the same period last year, but for the whole 6 months of the year, export value decreased slightly by 0.5 per cent , reaching 849, 5 million. According to the seafood enterprises, the growth figures do not show the actual situation Pangasius time is better.

Most noticeable feature of the painting Pangasius six months of this year is the rise of three powerful market "cure" is ASEAN, Mexico and Brazil. The three offset market has mitigated the decline in export value from two fish import market is the largest US and EU, namely: ASEAN exports to six months increased from 8.5 to 82.2 per cent , exports to Brazil rose to two figures - including two in May and six increased more than 110 per cent over the same period last year, exports to Mexico have relatively positive month.

From May 5, 2013, the EU took the US to become the largest import market of Viet Nam pangasius despite "heavy burden" of anti-dumping duty by the EU fish imports decreased continuously from 5.3 to 39 per cent compared to the same period last year, and ended the June 2013, fish exports to the U.S. rose 12.8 per cent .

Six months of this year, fish exports to the EU - markets NK Viet Nam's largest catfish in 2012, accounting for 23 per cent of the country's fish exports - up to 14 per cent , resulting in overall export value of all fish to mitigate market.

Seafood exports fell unexpectedly

In 2012, if there is no growth in export value of seafood commodities - especially tuna and marine fish types, make sure seafood export value of the country will achieve lower. At the end of 2012, many companies had hoped to export the value of this group this year. However, in the first half, most export seafood items such as marine fish, fried fish and surimi, crabs and other crustaceans, squid - octopus, bivalve mollusks has plummeted from 10 months - 27 per cent compared with the same period last year.

Generally six months, the value of fish exports decreased 4.2 per cent ; octopus ink plummeted 22.8 per cent decrease bivalve mollusks nearly 2 per cent ; crabs down 21.2 per cent ; single product tuna products increased slightly by 2.7 per cent . However, in both May and June 2013, tuna exports were down by 12.5 per cent and 26.9 per cent compared to the same period last year due to exports to the US and Japan have problems.

In recent months, due to the depreciation of the yen and the Japanese government launched various policies to tighten food safety control to export seafood and tuna in particular to this market more difficult towel.

TheFishSite News Desk

Our Sponsors


Sustainable Aquaculture Modular Courses AVAILABLE NOW - University of St Andrews

Seasonal Picks

Know Your Freshwater Fishes - 5m

Aquacullture Webinars from TheFishSite - Sign Up Now