On the business results of the past year, Dr. Ho Quoc Luc, CEO of Sao Ta Food Joint Stock Company, said that 2022 is over, leaving our fish industry with mixed joys and sorrows. Happy start to the year with unexpected growth numbers full of excitement and pride. Sadly at the end of the year, when production and consumption fell too much, it was also somewhat surprising and worrying that the fallout hadn’t stopped.

SEAFOOD “CELEBRATE”, WOOD FAILS TO MEET THE TARGET

The world is full of unpredictable changes that make every country, place and industry unstable. In early 2022, the conflict in Eastern Europe unfolded with an unexpected scenario, the severity and duration of which plunged the world into inflation. The main cause is the disruption of some fairly basic supply chains like energy, food, fertilizer, etc.

“Our seafood export processing industry is facing difficulties from this situation and also from the fierce international competition. The cash flow of our businesses is stagnant, it is difficult to meet the responsibilities to the investor in a timely manner, it is difficult to overlap,” said Dr. said Ho Quoc Luc.

But the main difficulty is that the “faithful” companion of the economy and the business world faced many difficulties. But the fishing industry was strong and grew over the long term. Difficulties only help the industry to purify the team and make the remaining power more elite. To overcome the difficulties, the fishing industry held a ceremony in late November 2022 to celebrate the record milestone of US$10 billion in export sales.

For the timber industry, Vietnam’s exports of timber and timber products will reach only US$14.8 billion in 2022, much less than the US$15.5 billion target.

Regarding the result, the Vietnam Timber and Forest Products Association said that the timber industry has never faced so many difficulties and challenges as this year. Rising input costs and high inventories are making it difficult for logging companies to stack up.

Timber exports still grew strongly in the first quarter of 2022, but since the beginning of the second quarter of 2022, the export activities started to slow down and almost stagnated until the fourth quarter of 2022. Due to the high inflation in major markets like the US and the EU, people have increased spending prioritized food and cut spending on non-essential items. This leads to a decrease in the demand for wooden furniture.

Looking at the outlook for 2023, Mr. Vu Tien Thap, CEO of D’Furni Furniture Joint Stock Company, said that in previous years, wooden furniture exporters would have received first furniture orders by this half of next year, but currently the company has from now until to no orders in the first 6 months of 2023.

According to Mr. Nguyen Chanh Phuong, vice chairman of the Ho Chi Minh City Fine Arts and Woodworking Association (HAWA), given the high inflation situation, not all retail chains have dared to place orders yet, so this may be the case from January 1st May 2023 growth will not be able to match the pace of 2022. Hopefully by June, when inflation is controlled, development resources will be allocated for the second half of 2023.

Looking back to 2022, despite many difficulties and challenges, many product groups in the agriculture, forestry and fisheries industries have set new record sales milestones, typically: aquatic products, wooden furniture and rice, coffee, rubber.

STILL HAVE MANY COLORS OF LIGHT

Rice exports in 2022 will reach nearly 7.3 million tons and bring in $3.54 billion, representing a 16.3% increase in volume and 6.9% in value compared to 2021. The year , which recorded rice exports, hit a record high in 2012 with an export volume of 7.72 million tons valued at US$3,300, or US$5 billion. Although the volume of rice exports is not as high as in 2012, the rice export turnover in 2022 is still the highest ever.

In 2022, Vietnam’s rice export market has many advantages when traditional rice buyer, the Philippines, increased imports from 2.9 million tons to 3.4 million tons. Some European countries are tending to import more rice to replace the severely reduced wheat supply due to the Russia-Ukraine conflict. The average export price of Vietnamese rice in 2022 will reach $485/ton, the highest in the world, well ahead of rivals India and Thailand.

According to the Vietnam Food Association (VFA), the high average export price of Vietnam’s rice is due to a strong shift into the fragrant rice and quality rice segment. Vietnam’s fragrant and high quality rice segment is made from rice varieties: ST24, SR25, OM18… which cannot be replaced by any other rice exporting country.

In terms of agriculture, forestry and fisheries export markets in 2022, Asian markets account for 44.7% market share, America 27.4%, Europe 11.3%, Oceania 1.7% and Europe Phi 1.7%. The United States remains the largest export market, reaching $13.3 billion, accounting for a 25% market share. China ranked second with about USD 10.05 billion and a market share of 18.9%; Japan follows in third place with a value of USD 4.2 billion and a share of 7.9%; In fourth place is Korea with a value of USD 2.5 billion, which corresponds to a share of 4.7%.

The content of the article was published in the special issue Xuan Quy Mao of Vietnam Economic Magazine, published on January 23, 2023. Welcome readers to read This:

https://postenp.phaha.vn/chi-tiet-toa-soan/tap-chi-king-te-viet-nam