NEWS ARCHIVES

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Archive for February, 2012

Vietnam Pangasius Export in January 2012

Tuesday, February 28th, 2012

In January 2012, Vietnam reached US$116 million of pangasius export, down 16 percent from the same month of 2011. All key markets in the EU decreased their import this month, causing a drop of 35.8 percent. However, some markets like Colombia, Russia and Brazil reported great growth of more or less than 28 percent.

Source: Vasep

Vietnam Shrimp Export in January 2012

Tuesday, February 28th, 2012

In January 2012, Vietnam shrimp exports fell by 18.7 percent from the same period of 2011. Export of shrimp to most important markets saw drop in value; but some markets in Asia kept stable growth. Malaysia reached the highest growth of 455.6 percent, followed

Source: Vasep

Thailand’s shrimp export volume down 40,329 MT

Tuesday, February 28th, 2012

At the beginning of 2011, a severe flood happened in southern Thailand (the main shrimp farming area of the country) leading to lower shrimp production of 10 percent. Some months later, Thailand continued to be hit by record flooding happening from the late July 2011 and lasting many months after that. Although this is not shrimp farming area but transportation and logistics services were badly affected. According to statistics of Thailand Customs, in 2011, shrimp exports in all varieties of the country reached over 382,055 MT, worth THB107,978 million (US$3.23 billion), reducing by 40,329 MT on that of 2010 but the export value was up 7.6 percent. In 2011, Thailand shrimp exports to the U.S. (the largest importer) also witnessed a decrease. The statistics of the U.S. Customs indicated that Thailand shrimp imports into the U.S. in 2011 achieved 185,132 MT, down 8.3 percent on that of 2010. In the structure of Thailand shrimp exports, raw shrimp (HS 0306 code) and processed shrimp (HS 1605 code) have an equal proportion. In 2011, raw shrimp shipment of Thailand reached 191,267 MT, valued at THB50,180 million (US$1.5 billion) while processed shrimp exports reached 190,788 MT, worth THB57,797 million (US$1.73 billion). At the early 2012, it is forecasted that Thailand shrimp exports this year is positive in spite of concern on epidemic outbreak after floods and trade barriers of the world markets.

Source: Vasep

Vietnam tuna exports to US increased in 2011

Friday, February 17th, 2012

From the middle of 2009 up to now, the U.S. has surpassed EU to become the largest export market for Vietnam tuna. According to General Department of Viet Nam Customs, export value of Vietnam tuna to the U.S. last year reached US$171.37 million, representing a 31.8 percent increase against 2010. The U.S. was the only market remaining two digit growth in importing Vietnam tuna in 2011.According to statistics, in the period from 2006 to the end of October 2011, tuna export price of Vietnam was on uptrend. In the first 10 months of 2011, Vietnam tuna price to the U.S. rose by 40 – 60 percent compared to the same period of 2010. Since 2011, Vietnam has switched to export frozen, chilled, fillet tuna products (HS 03 code) (mainly skipjack and yellow fin tuna) instead of shipping canned tuna products (HS16 code). The export value of tuna products (HS 03 code) made up over 70 percent of tuna export value of Vietnam to the U.S. during 2011. Thank to the higher price, Vietnam tuna export value to the U.S increased, however export volume to the market in 2011 fell slightly against 2010. Meanwhile Thailand, Philippines, Indonesia and Ecuador also switched to export high-value tuna products to the U.S. In recent years, Vietnam ranked the fifth in the world after Ecuador in tuna export value to the U.S. However, since the late October 2011, Vietnam has outstripped Ecuador to become the fourth largest tuna supplier to the U.S. Although Vietnam tuna export volume to the U.S. reduced slightly, Vietnam tuna exporters made progress in exporting tuna products to the market. In the long term, if exporters improve the quality of tuna products and food safety and hygiene, they will enlarge their share in the market.

Source: Vasep

Asia will be a promising market for Vietnam shrimp in 2012

Tuesday, February 14th, 2012

This year, Vietnam seafood exporters will boost their shipments to Asian markets such as China, Japan, South Korea thank to their advantages of geography, and credit-worthiness and high demand said General Secretary of Viet Nam Association of Seafood Exporters and Producers (VASEP), Mr. Truong Dinh Hoe. Shrimp consumption is still high in its major markets such as Japan, the U.S., China and South Korea in which the U.S. and Japan have tendency to increase importing value-added products and reduce purchasing raw shrimp. However, demand in the EU market is expected lower due to impacts of economic crisis. In 2012, Vietnam shrimp exporters will step up export to China and South Korea, the U.S., and value-added shrimp to Japan. Ministry of Agriculture and Rural Development (MARD) targeted US$6.5 billion of earnings from seafood exports this year, US$1.8 – 2 billion of which will be from pangasius, US$2.5 billion will be from shrimp and US$2 billion will be from marine products.

Source: Vasep