(seafood.vasep.com.vn) In the first 9 months of the year, seafood exports still maintained a growth rate of 2.8%, reaching nearly USD 6.2 billion. To what extent will seafood exports recover in the fourth quarter? Export turnover by the end of 2021 will reach the target higher than 2020? Please get VASEP s Report on Vietnam Seafood Exports which will be issued on November 10th 2021 to get full picture of Vietnam seafood exports in firts 9 months of 2021 and forecast on last 3 months of the year.
In the first half of 2021, Vietnam's seafood exports reached 4.1 billion USD, up nearly 15% over the same period last year thanks to stable production and strong recovery in demand in many markets. Entering the third quarter, the Covid-19 epidemic broke out strongly in Ho Chi Minh City. Ho Chi Minh City and 19 southern provinces caused seafood exports in the third quarter to decrease by 15% over the same period last year to 2.07 billion USD.
Accumulated in the first 9 months of the year, seafood exports still maintained a growth rate of 2.8%, reaching nearly USD 6.2 billion, of which shrimp accounted for nearly 45%, pangasius 17.4%, and tuna accounted for 8.4 %, cephalopod molluscs accounted for 6.6%, bivalve molluscs and crabs accounted for a total of 3.5%, other fish accounted for 19.4%.
The extent of epidemic impacts in regions/localities is reflected in the decline of each commodity: Exports of pangasius and some marine products such as other marine fish, cephalopod molluscs decreased more sharply than shrimp and tuna.
Seafood exports in the first 9 months of the year to some major markets and groups such as the EU, the US and the Middle East still maintained positive growth thanks to good export results in the first 7 months, while exports to China, Japan and ASEAN decreased markedly.
From August 2021, seafood exports to all major markets decreased because domestic processing production was disrupted, seafood companies hardly maintained production in the context of disease risks and other economic conditions. required social distancing to prevent epidemics. Exports to other markets decreased from 14-36%, in September continued to decrease from 3-51%, except for the US market, which increased slightly by 3%.
To what extent will seafood exports recover in the fourth quarter? Export turnover by the end of 2021 will reach the target higher than 2020?
Please register to read VASEP's Report on Vietnam Seafood Exports in the third quarter of 2021 to grasp the seafood export situation during the last quarter of the "Covid crisis", the export situation in the last quarter of the year. for the first 9 months of the year, identifying the trend of production and export in the last quarter of the year in the "new normal" situation of production and preventing epidemic.
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