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Vietnam’s total marine product exports reached nearly 1,7 billion USD in the first five months
08:29 06/29/2022

(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.

The Japanese consume around 10,000 metric tons of pufferfish each year, according to Business Insider, but Japan's quality of wild puffers has decreased over the years, so Vietnam can explore the potential of a future market for the fish.

(seafood.vasep.com.vn) The EU is the largest import market for Vietnam's bivalve molluscs, accounting for 62% of Vietnam's total export value of this item to markets. As of November 15, 2021, Vietnam's bivalve mollusk exports to the EU reached $73.7 million, up 38.5% over the same period last year. Italy, Spain and Portugal are the three largest single import markets for Vietnamese bivalve molluscs in the EU.

(seafood.vasep.com.vn) On November 22, the first container of canned clam meat from Vietnam was exported to Europe with the quantity of 200,000 boxes.

(seafood.vasep.com.vn) Thanks to good growth in the first 7 months of this year, the EU has surpassed Thailand to become the third largest import market of Vietnam's squid and octopus, accounting for 10.8% of the total value. Export of squid and octopus from Vietnam. In August 2021, due to the impact of the Covid-19 epidemic, Vietnam's exports of squid and octopus to the EU as well as most markets decreased. However, from September, exports are recovering thanks to the policy of easing social distancing to restore production.

(seafood.vasep.com.vn) While the export of some marine products decreased significantly in August 2021, Vietnam's bivalve mollusk exports still increased strongly by 36.2%, reaching over 13.2 million dollars. In the first 8 months of the year, the export of bivalve molluscs reached USD 86.8 million, up nearly 40% over the same period last year. In which, clam is the key product, accounting for 72% of the value, reaching 62.6 million USD in 8 months, in August alone increased 75% to 11.5 million USD.

(seafood.vasep.com.vn) Although Vietnam's seafood exports to the EU in August 2021 decreased by nearly 31%, there are still some important markets that maintain positive growth this month such as Spain and Portugal with the main contribution of clam exports.

(seafood.vasep.com.vn) Mr. Nguyen Quang Hung, Deputy Director of Directorate of Fisheries, Ministry of Agriculture and Rural Development, said that the electronic log-book is being piloted in some coastal provinces of Vietnam.


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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