OTHER MARINE PRODUCTS

Vietnam squid and octopus exports increased by 36% in the first 8 months of 2022
09:11 09/21/2022

The annual Vietfish Seafood Expo hosted by VASEP is going to take place from August 24th -26th, 2022 at Saigon Exhibition and Convention Center (SECC) – 799 Nguyen Van Linh street, District 7, HCM City!

(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) In May 2022, total export value of Vietnamese marine products reached nearly 358 million USD, increased by 22% year-on-year. In the first five months, Vietnam’s total marine product exports reached nearly 1,7 billion USD. Up to now, marine products exports accounts for 35% of the total seafood export value of the country.

(seafood.vasep.com.vn) In April 2022, the total export of Vietnam's marine products reached nearly USD 377 million, up 24% over the same period in 2021. In the first 4 months of 2022, exports of these products reached over USD 1.3 billion, up 26% over the same period last year. Currently, marine product exports account for 35% of the country's total seafood export value.

(seafood.vasep.com.vn) Following the growth in the fourth quarter of 2021, Vietnam's crab exports continued to grow well in the first quarter of 2022. The value of crab exports in this quarter reached nearly USD 52 million, up 62% over the same period in 2021. This is the highest level in the past 5 years, doubling compared to the same period in 2019, the time before the Covid-19 pandemic.

(seafood.vasep.com.vn) In QI/2022, clams remained the main product of mollusk shells, accounting for 66% with nearly 21 million USD, up 36% over the same period in 2021.

(seafood.vasep.com.vn) According to the data of Vietnam Customs, Vietnam's cephalopod exports in QI/2022 reached over 156 million USD, up 35% over the same period last year.

(seafood.vasep.com.vn) In March 2022, the total exports of Vietnam's caught marine products reached over 355 million USD, up 17% over the same period in 2021. In the first 3 months of 2022, exports of these products reached over 920 million USD, up 26% over the same period last year. Currently, exports of marine products account for 36% of the country's total seafood export value.

(seafood.vasep.com.vn) In 2021, Vietnam’s mollusk shells are the only products that were not impacted by the Covid epidemic. The reason is that the majority of raw material production areas are located in the northern provinces - areas less affected by the Covid epidemic. Furthermore, the foreign demand for mollusk shells (mainly clams) is still significant in major markets such as Italy, Portugal, Spain, and the US.

(seafood.vasep.com.vn) While raw materials for many marine species are scarce, herring and anchovies are still Vietnamese products with readily available supply from domestic catch. Fishermen in the central provinces are bouncing herring, especially in the first months of this year, providing a firm supply of raw materials for processing companies to export.

(seafood.vasep.com.vn) China is still a large importing market for Vietnamese seafood, but the recovery forecasts for 2022 are not enough to make a statement of growth with certainty.

(seafood.vasep.com.vn) Vietnam's seafood exports to the EU market in 2021 recorded a figure of over 1 billion USD, up 12%. Exports to most EU member countries increased. In which, the top 5 markets include the Netherlands, Germany, Belgium, Italy and France, accounting for 72%. Exports of all major products to the EU grew positively, except pangasius. In which, clam exports grew the most, up 42% and became the 4th largest seafood species in terms of export value to the EU.

(seafood.vasep.com.vn) According to data of Vietnam Customs, Vietnam's exports of squid and octopus as of November 2021 reached over US$543 million, up 7% over the same period in 2020. Export of squid and octopus in December 2021 was estimated at over 60 million USD, up 10%. Accordingly, for the whole year of 2021, exports have witnessed over 600 million USD, up 7% compared to 2020.

(seafood.vasep.com.vn) By the end of November 2021, fish cake, surimi is one of Vietnam's marine products with a high growth rate, up 28% over the same period last year reaching 381 million USD. . In 2020, surimi fish cakes accounted for only 3.9% of seafood export turnover, this year thanks to a strong recovery in the proportion of this product to 4.8%. The Covid epidemic is considered a factor driving the demand for surimi fish cakes in markets.


SPECIALIST ON MARINE FISH MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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