Dear valued customers,

For searching about seafood sittuation, Mekong Seafood would like to share with you some significant material in Vietnam.

• Overview the major seafood production & export in Vietnam.

Tuna: In April 2021, Vietnam’s tuna exports continued to grow with the export value of tuna reaching more than 74 million USD, an increase of nearly 50% compared to the same period in 2021, bringing the total export value in the first 4 months. year to nearly 226 million USD, up 15% over the same period.

Compared to the first 3 months of the year, by the end of April, exports to main markets had “accelerated”. The growth rates in major markets such as the US, EU, CPTPP, Israel… are all higher than in March. The epidemic in markets is gradually being controlled and controlled, along with the food service industry. are gradually reopening. This has made the structure of imported tuna products into markets have changed compared to 2020.

Shrimp: Vietnam is one of the countries with the best business results in 2020, thanks to its diversified market reach and little impact from Covid. Unlike India and Ecuador, Vietnam is a very diverse country in terms of global reach. Their sales value is not decreasing in 2020 – they are not affected like Ecuador or India in terms of both market and supply. They’ve got an industry that’s been doing well amid Covid. In terms of monthly sales, they ended the year with positive results and we could see Vietnam bounce back strongly in 2021.

Prices are also positive and Vietnam enters 2021 with similar prices in 2020 and 2019, a good omen for Vietnam, as they have good market access and are quite balanced between the EU – where they have a trade agreement – and the US, the key market. China is a huge part of the Vietnamese market, so we can be optimistic for them for 2021 and beyond.

Pangasius: Because in January 2021, Vietnam’s pangasius exports to the China – Hong Kong market were affected due to the regulations on inspection of imported food products to prevent corona infection of some Vietnam – China border gates, causing pangasius export value to this market to decrease by 31.3% over the same period last year. However, since late February and early March 2021, regulations have been relaxed, so the value of pangasius exports to this market increased from 16.7 to 28% over the same period last year.

COVID-19 restrictions had been relaxed in the UK from May 17, allowing people in the country to meet in private homes or pubs, as well as indoor restaurants, as in other European countries such as Greece and Spain. Many seafood suppliers hope that the reopening will help revive orders from the European foodservice sectors. Currently, the seafood situation in Vietnam is also very positive. From March 2021, Vietnam’s seafood export started to recover markedly with a growth of 17% over the same period. In April, exports broke out more strongly with a growth of nearly 30% to nearly 800 million USD. Vietnamese exporters success thanks to favorable market structure. They chose their own key market to develop. Moreover, they grow thanks to stable raw materials and flexible product structure

• Basing on the situation, seafood price is expected to increase again in the near future, especially for shrimp and pangasius, so if you have a plan to import goods for the next few months, I think now is the best time to order, and you could contact us to get the best price and keep material source.
• I hope the above news are useful for your business plan and Mekong would be pleased to hear your buying project to support the best.

It’s will be great hear from you soon dear!

By Bryan (Business Team).