To achieve the export target of 10 billion USD this year, seafood enterprises need to adapt and adjust their operation plans to the context of the market.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first 5 months of the year, Vietnam’s seafood exports reached nearly 3.6 billion USD, up 6% over the same period in 2023. Among the main products, squid, octopus, and other fish (sea fish, freshwater fish) have a lower export value compared to the same period last year, with a decrease of 1% and 3%, respectively.
The seafood industry aims to export more than 10 billion USD in 2024.
Meanwhile, exports of shrimp and catfish increased slightly, up 7% and 4%, respectively. The group of crab products grew the most (up 84%). Tuna also increased positively (22%). And shellfish exports increased by 13%.
In the top 5 markets for Vietnamese seafood, the US had the most positive growth, with an increase of 7% in the first 4 months of the year. Exports to South Korea increased slightly by 2%. And exports to China, Japan, and the EU were almost the same as last year.
The seafood industry aims to export more than 10 billion USD this year.
The VASEP assessed that, in the context of many difficulties, seafood exports still grew by 6% in the first 5 months of the year. This is an encouraging result for the recovery and development of the industry.
The VASEP forecasts that seafood exports in the first half of 2024 will reach 4.4 billion USD, up 6% over the same period in 2023. Of which, shrimp exports may reach 1.65 billion USD; catfish 910 million USD; tuna 457 million USD; squid and octopus 294 million USD; crab 119 million USD; and shellfish nearly 74 million USD.
To achieve the export target of 10 billion USD this year, seafood enterprises need to adapt and adjust their operation plans to the context of the market. In particular, it is necessary to diversify export markets to avoid dependence on one market. At the same time, increasing exports to new markets aims to expand and promote the development of the domestic market.
In addition, enterprises need to promote the products to consumers, build an image and recognition for Vietnamese seafood, update information from markets, and properly assess situations, thereby providing the most appropriate and timely response. /.