Currently, the export value of Vietnam's tuna product groups increased over the same period, except for frozen tuna meat/loin code HS0304. Compared to the same period last year, Vietnam's frozen tuna meat/loin exports decreased by 42%, reaching nearly 281 million USD.
In August this year, tuna exports to main markets had many fluctuations. The highlight in August was the growth of the US market after a period of continuous decline. Tuna exports to the US in August increased slightly by 2% over the same period. This growth is due to Vietnam's canned tuna exports increasing by 24% in August. However, the increase is modest, therefore, cumulative tuna exports to the US in the first 8 months of 2023 still dropped by almost 45%, totaling around 208 million USD.
Along with the US, exports to the EU continued to accelerate, with an increase of 37% in August. Notably, in August, tuna exports to Italy increased 45 times over the same period. Along with Italy, tuna exports to Germany and the Netherlands are still increasing, but the growth rate is slowing down.
Tuna exports to other small main markets are also growing well in August, including Thailand and the Philippines.
On the contrary, exports to Israel, after a period of good growth, decreased sharply in August, down 57%. Exports of processed and canned tuna products to this market decreased sharply by 82% over the same period. However, thanks to good growth, cumulatively in the first 8 months of 2023, tuna exports to Israel still increased by 50%.
In August 2023, Vietnam's tuna exports reached more than 87 million USD, down 5% over the same period last year.
In the CPTPP market block, exports to member markets have not yet shown signs of improvement. Exports to Japan, Canada and Mexico all fell sharply in August by 53%, 49% and 14% respectively.
Up to now, Vietnam's tuna exports are gradually narrowing the decrease compared to the same period last year. However, the ability to recover exports to key markets such as the US, Japan or Canada to the level of the same period last year is very difficult. But according to information from businesses, the markets are gradually recovering. Falling prices of raw tuna in the world are boosting importers' demand at the end of the year. Therefore, it is expected that tuna exports in the coming months will return to the same level in 2022.
Compiled by Thuy Linh
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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