According to statistics from Vietnam Customs, tuna exports to Belgium have continuously decreased so far this year. Cumulatively, in the first 10 months of 2023, tuna exports to Belgium reached more than 9 million USD, down 48% compared to the same period in 2022.
Compared to the previous year, exports of frozen tuna loin/meat products HS code 0304, Vietnam's main export product to Belgium, decreased sharply by 55%. Meanwhile, exports of processed and canned tuna increased by 7%.
Vietnam is currently the 4th largest non-EU supplier of tuna to the Belgian market, after Ecuador, the Philippines, and Ivory Coast. In 2023, Belgium reduces tuna imports from Vietnam and Ecuador while increasing tuna imports from the Philippines and Ivory Coast.
According to Eurostat statistics, Belgium's canned tuna imports in the first 8 months of 2023 increased by 13%, while frozen tuna meat/loin imports decreased by 49% over the same period.
The COVID-19 epidemic and lower purchasing power have changed the consumption habits of Belgians. Consumers go to traditional restaurants less often and go to fast food restaurants more often because the dishes there are cheaper. In addition, consumers are often splitting their purchases more, buying smaller quantities, and switching to cheaper products to accommodate the new reality of their purchasing power. Therefore, the demand for cheap canned tuna products increases.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
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