Seafood News

By Vasep: www.vasep.com.vn

Vietnam seafood exports has finished year of 2016 with positive results, meeting the target of US$7.05 billion, up 7.3% compared to 2015, though the fisheries sector experiencing difficulties in raw material sources due to drought and salinity and the barriers such as anti-dumping tariff in the US market.

The exports of main products are achieving positive growths, in which shrimp exports reached $3.1 billion, US$1.7 billion for pangasius. Tuna exports recovered with the highest rate of 12% to nearly US$510 million, cephalopod exports also rose slightly by 2.3% to reach US$439 million.

With proactive and flexible dealing with market barriers, anti-dumping tariff, adaptable with conditions of domestic and international supply - demand, companies maintained traditional markets of the USA, EU, Japan, on the other hand they boosted exports of key products of shrimp, pangasius, tuna and cephalopods to the potential markets, e

(seafood.vasep.com.vn)

According to the International Trade Centre (ITC), shrimp imports into Japan in the last four years (2011-2015) tended to decrease. However, in 2016, shrimp imports into this market for the first time after 6 years showed signs of recovery with the growth rate of 4% to hit US$2.4 billion. Shrimp imports from Thailand and India into Japan increased by 5% and 9%, respectively, while those from in Vietnam and Indonesia were down 2% and 5%, respectively.

In 2016, demand for shrimp from Japan was improved. Market demand for high-end marine and farmed black tiger shrimp climbed up. Sales of semi-processed/peeled/tail-on shrimp and processed shrimp also went up in 2016. Imports of processed/value-added shrimp such as cooked/peeled shrimp, ready to cooked tempura shrimp, shrimp for sushi and other shrimp products accounts for 27% of total shrimp imports into Japan. Demand for peeled/tail-on shrimp (PTO) and frozen raw shell-on shrimps was als