Vietnam’s bivalve exports reached over 30 million USD in the first quarter of 2022
MEKSEA.COM – In 2021, bivalve products are the only items that weren’t 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 in the past year. Furthermore, the demand for bivalves (mainly clams) is still high in major markets such as Italy, Portugal, Spain, and the US.
In 2021, exports of bivalve products reached 141.6 million USD, up 35% compared to 2020. Except in February, exports decreased by 24% due to the Lunar New Year holiday, November grew slightly by 9%, and others double-digit export growth (from 22-82%).
In the structure of bivalves exports last year, clams were the main product, accounting for 73% with about 103 million USD, up 52% compared to 2020. The second-largest export product was snails accounting for 10% with over 14 million USD, up 3%. Followed by scallop products, scallops accounted for 8% with 11.4 million USD, up 13%. The rest are oyster products, scallops, mussels, abalone and mixed types…
In 2021, Vietnam exports bivalve products to more than 50 markets. The top 10 markets consume more than 90% of Vietnam’s total bivalves exports.
Spain is the largest single market for Vietnam’s bivalves, accounting for 18%, Italy and the US are second, accounting for 17%, and Portugal is 15%. Japan ranks fifth, accounting for 8% of Vietnam’s bivalves exports.
Last year, exports to most of the main markets grew by double digits. In which, exports to the US increased the most, 93% reaching 23.6 million USD. Exports to three major EU markets including Spain, Italy and Portugal increased from 37.5 to 43.7%, reaching $26 million, $24.6 million and 20.9 million USD, respectively. However, exports to Japan fell by over 18% to only 11.4 million USD.
Particularly for export clam products, Spain, Italy and Portugal are the three largest markets, accounting for 25%, 24% and 20% of the export value, respectively. The US ranked 4th with 14%. Clam exports to all markets increased by 2-3 figures, with the US alone increasing by 144%.
In the first quarter of 2022, the country’s bivalves exports increased by 24%, reaching over 30 million USD, of which clams alone were estimated at nearly 20 million USD, up 40% over the same period in 2021.
It is forecasted that bivalves exports will continue to increase in the coming months, according to which it is estimated that exports in April 2022 will reach over 12 million USD, up 4% over the same period in 2021.
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After a long time of expectation and waiting, recently, the 40th Seafood Boston Show took place in mid-March, 2022 in the US. During three days at the exhibition, Meksea’s team had the opportunity to welcome more than 400 partners & customers from many different markets, and receive more than 200 inquiries and many value supply agreements. We have shared and exchanged openly about current market situation, seafood demands, future trends and more cooperating opportunities. Meksea will always strive to contribute more value to our worldwide partners. |
By Hayati (Meksea Team)
(hayati@mekseaconnection.com)
(Reference: Vasep)
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