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Vietnam's Frozen Tuna Exports See Strong Growth in Key Markets
Frozen tuna meat and loins continue to lead Vietnam’s tuna export sector, achieving remarkable growth across major global markets. With strong demand in the U.S., EU, and Russia, Vietnam is solidifying its position as a top supplier of quality frozen tuna.
Vietnam Shrimp Exports Soar to $2.8 Billion with Strong Demand and Rising Prices
Vietnam’s shrimp industry is on track for a record-breaking year with exports nearing $2.8 billion as of September 2024. Key markets including the U.S., Europe, and China drive demand as prices continue to rise, boosting the outlook for the year’s final quarter.
Container Freight Rates from Asia Drop as Ports Face Congestion: What This Means for Shippers
The container shipping market is undergoing significant changes, with freight rates from Asia on a downward trend, even as port congestion challenges persist. A three-day strike by the International Longshoremen’s Association (ILA) recently stranded 70 vessels at East Coast ports, causing substantial delays. Experts anticipate it could take days, even weeks to fully clear this backlog. However, this congestion has not slowed the broader decline in freight rates, which have been decreasing steadily as demand softens.
Vietnam Shrimp Exports Surge on Global Demand: A Promising Outlook for Q4 2024
Vietnam's shrimp industry is experiencing a surge in global demand, with positive growth across key export markets. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of September 2024, shrimp exports have shown impressive gains: an 8% increase to the U.S., a 15% rise to Europe, and a remarkable 26% jump in shipments to China and Hong Kong. This boost has been accompanied by a steady rise in export prices since June, particularly to the U.S. and European markets. Vietnamese shrimp is not only in demand but also increasingly valued by global buyers—a trend that's expected to continue.
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NEWS
Vietnam's Frozen Tuna Exports See Strong Growth in Key Markets
Frozen tuna meat and loins continue to lead Vietnam’s tuna export sector, achieving remarkable growth across major global markets. With strong demand in the U.S., EU, and Russia, Vietnam is solidifying its position as a top supplier of quality frozen tuna.
Vietnam Shrimp Exports Soar to $2.8 Billion with Strong Demand and Rising Prices
Vietnam’s shrimp industry is on track for a record-breaking year with exports nearing $2.8 billion as of September 2024. Key markets including the U.S., Europe, and China drive demand as prices continue to rise, boosting the outlook for the year’s final quarter.
Container Freight Rates from Asia Drop as Ports Face Congestion: What This Means for Shippers
The container shipping market is undergoing significant changes, with freight rates from Asia on a downward trend, even as port congestion challenges persist. A three-day strike by the International Longshoremen’s Association (ILA) recently stranded 70 vessels at East Coast ports, causing substantial delays. Experts anticipate it could take days, even weeks to fully clear this backlog. However, this congestion has not slowed the broader decline in freight rates, which have been decreasing steadily as demand softens.
Vietnam Shrimp Exports Surge on Global Demand: A Promising Outlook for Q4 2024
Vietnam's shrimp industry is experiencing a surge in global demand, with positive growth across key export markets. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of September 2024, shrimp exports have shown impressive gains: an 8% increase to the U.S., a 15% rise to Europe, and a remarkable 26% jump in shipments to China and Hong Kong. This boost has been accompanied by a steady rise in export prices since June, particularly to the U.S. and European markets. Vietnamese shrimp is not only in demand but also increasingly valued by global buyers—a trend that's expected to continue.
Vietnam’s Shrimp Exports to China Rebound Strongly in 2024
Festive Demand and Strategic Growth Fuel Optimism for Year-End Surge
Vietnam’s shrimp sector is experiencing a powerful comeback in the Chinese market, bouncing back after early-year challenges to post robust growth in the latter half of 2024. Shrimp exports, which initially faced a dip in May, surged in June and saw even stronger momentum in July and August. With demand continuing to climb, especially ahead of China’s National Day celebrations, Vietnam’s shrimp exports are on track for a strong finish this year.
Vietnam’s Seafood Exports Exceed $7 Billion in First Nine Months of 2024
Shrimp and Pangasius Lead Growth as Sector Rebounds Strongly
Vietnam’s seafood export industry has made an impressive recovery in 2024, with export values surpassing $7 billion by the end of September. This marks a significant turnaround after recent global disruptions, with key products like shrimp and pangasius driving growth. As of September, seafood exports had reached $866 million, reflecting a 6.4% increase year-on-year, pushing the total value for the first nine months of 2024 to $7.16 billion.
Vietnam’s Pangasius Exports Skyrocket: On Track for $2 Billion Success
Vietnam's pangasius exports have seen remarkable growth in 2024, setting the stage for the industry to potentially hit its ambitious US$2 billion export target by the year’s end. August alone witnessed an impressive 12% year-on-year increase in Vietnamese pangasius exports, generating US$191 million in revenue, according to the latest report from industry experts.
Vietnam’s Pangasius Captures Over Half of Colombia’s Whitefish Market
Vietnam has cemented its status as a dominant force in the global seafood industry, particularly in the supply of whitefish to Colombia. The growing demand for frozen pangasius from Vietnam has not only elevated Vietnam’s standing in the Colombian market but has also demonstrated the critical role Vietnamese seafood plays in global trade.
Predicted Seafood Price Surge by Late 2024
Vietnam’s seafood industry is entering a pivotal phase as global demand rebounds and new market opportunities arise. With rising input costs and shifting consumer preferences, exporters must remain agile and focus on quality and transparency to maintain a competitive edge
Vietnamese Consumers Increasingly Value Transparency in Seafood Products
As consumers in Vietnam and abroad increasingly value transparency in seafood products, ensuring clear, trustworthy sourcing and sustainability practices will be key to sustaining this momentum.