Vietnam’s seafood exports to Middle East reached US$141 million in H1 2011
Saudi Arabia, Egypt and UAE are the top three importers of Vietnam’s seafood in the region throughout 2010 and 2011
Abu Dhabi, UAE: In the first half year of 2011, Vietnam’s total seafood export to the Middle East stood over US$141 million. The export value represented a 23% increase compared to the same period in 2010.
The trade report was released by Vietnam Association of Seafood Exporters and Producers (VASEP) in line with their participation at SIAL Middle East - an international trade show for the food, drink and hospitality industry, set to take place from 21 -23 November 2011 at Abu Dhabi National Exhibition Centre.
According to the report data, total seafood export to the Middle East in the year 2010 reached US$236 million. Saudi Arabia, Egypt and UAE remain the top three import markets for Vietnam seafood in the region, throughout 2010 and 2011.
Frozen pangasius has been the top strategic export product to the region with a growth of 10% in volume and 24% in value (in comparison with H1 2011 to H1 2010); followed by frozen shrimp and canned tuna. Abundant domestic supply, stable price and low cholesterol content are favourable conditions to boost the export of pangasius to this region.
Kim Ngan, Promotion Vice Director of VASEP commented, “Seafood exports of VASEP members represent 80% of Vietnam’s total seafood export. SIAL Middle East becomes far more important in B2B markets with a multiplier effect to our seafood industry. Vietnam Seafood Pavilion at SIAL Middle East will bring in major seafood enterprises to develop their market share substantially across the globe, including the Middle East as we see growing consumption of seafood in the region in late months of the year.”
Saudi Arabia, Egypt and UAE are the top three importers of Vietnam’s seafood in the region throughout 2010 and 2011.
In 2010, Egypt ranked first with seafood import of 30 MT, worth value of US$65 million. Saudi Arabia came second with 21 MT of seafood import valued at US$41 million. UAE followed next with 13 MT of seafood import valued at US$32 million.
According to Ministry of Foreign Trade’s latest food trade report, the UAE imported a total of 132 thousand tons of seafood products in 2010. The value of these imports reached over US$298 million (AED 1 billion).
UAE’s re-exported seafood products stood over US$20 million (AED 74 million) in 2010.
The figures augur well for Vietnam’s Seafood Pavilion at SIAL Middle East – a high impact platform to further fuel the current unprecedented growth of the global foodservice industry.
His Excellency Mohammed Hilal Al Muheiri, Director General of Abu Dhabi Chamber of Commerce and Industry (ADCCI) commented, “SIAL Middle East is one of the most important food exhibitions in the region and an exceptional opportunity for the international food companies to present and promote their products in the region’s markets.”
Global Target for 2011
VASEP stated they were aiming Vietnam’s global seafood exports to hit US$5.5 billion this year.
During H1 2011, global seafood exports reached US$3 billion, with United States, Japan, Korea, China and Germany being the largest importers for Vietnam’s seafood.
“Our seafood industry has witnessed an impressive growth globally in the past few years, thanks to higher export price, strong demand from international markets and application of advanced quality management systems,” Ngan said.
Besides its seafood pavilion, VASEP will also organize a seminar at SIAL Middle East to exchange information with Middle East importers and distributors.
SIAL Middle East 2011 is a part of SIAL Group, the world’s largest network of professional B2B food exhibitions which include SIAL Paris, SIAL China, SIAL Canada, and SIAL Brazil.
Held annually in strategic partnership with Abu Dhabi Food Control Authority, the event brings together professionals involved in buying and selling food products, services and equipment in addition to the latest innovations in the food industry.
More than 12,000 trade visitors from 80 countries are expected to attend this year as the SIAL Middle East will host over 500 exhibitors and national pavilions from Turkey, Argentina, Korea, China, Taiwan, Iran, France, Italy, Vietnam, Thailand, United States, Pakistan, Tunisia and the UAE. 70% of the exhibitors and the food products on display will be seen for the first time in the region.
The trade show will also host 500 key food buyers from the region under its SIAL Middle East Purchasers Club programme. This exclusive club has been created to match food, beverage and equipment buyers with relevant exhibitors to help facilitate business.
Name of seminar: "Vietnam seafood for a sustainable future"
Venue: Conference Theatre – SIAL Middle East
When: November 21, 2011
Where: 14.00 – 16.00
R.S.V.P: Ha Phuoc Huy (Mr.) Email: email@example.com
About SIAL Group
First developed in Paris, in 1964, SIAL has become the global brand serving the food and retail industries. Now the largest network of professional food events in the world, SIAL Group exhibitions assemble over 9,300 exhibitors and deliver more than 216,000 visitors from 200 countries. Since 1997, SIAL exhibitions have also been organised in Asia, North America and Latin America. SIAL Middle East, the trade only event, will welcome more than 12,000 industry professionals in November this year in Abu Dhabi. For more information, visit: www.sialme.com
About SIAL Middle East
SIAL Middle East is the part of the world’s largest network of professional food events and is the latest exhibition to be launched in the Middle East as a part of the SIAL Group of events. Held annually, under strategic partnership with Abu Dhabi Food Control Authority, the event brings together professionals involved in buying and selling food products, services and equipment in addition to the latest innovations in the food industry. After being highly commended in the Best Trade Exhibition category at the Middle East Event Awards 2011 and already named as the largest and best attended business event launched in Abu Dhabi last year, SIAL Middle East has fast become the region’s dynamic event for the professional food industry.
For more information, visit: www.sialme.com
The Abu Dhabi Food Control Authority was established in 2005 as an independent food regulatory agency for the emirate of Abu Dhabi. The Authority embodies the Abu Dhabi Government’s commitment to protecting its consumers, particularly by ensuring the safety and quality of food served throughout the public. It enforces policies and standards and conducts research and awareness campaigns to maintain a sustainable agriculture and food sector that delivers safe food to the public, protects the health of animals and plants, and adheres to sound environmental practices.
For more information, visit: www.adfca.ae
About Turret Media
Following more than 50 years of experience in the United Kingdom, Turret Media migrated its business headquarters to the UAE in 2006 after becoming a foundation partner of the Abu Dhabi National Exhibitions Company.
Turret Media has since been behind numerous exhibitions, conferences and consumer events in Abu Dhabi and Dubai that collectively attract some 1,400 exhibitors and deliver more than 120,000 visitors in industry sectors as diverse as ports and shipping, renewable energy, IT, gourmet food and waste management. For more information, visit: www.turretme.com