In spite of having the largest tuna fishing fleet in EU, the country still looks for raw tuna from many origins in the world due to restriction in fishing quota. In 2011, the country spent over US$436 million on buying tuna.
With high demand of raw tuna for producing tuna canneries amid shortage of domestic raw material supply, Spain imported tuna (fresh, chilled, frozen and loin) from other origins, including Vietnam.
For the year to date, Spain is one of member countries of EU which reported the most impressive growth in tuna imports from Vietnam (triple digit growth). According to Vietnam Customs statistics, in 2011, Spain ranked the fourth out of EU countries in tuna imports from Vietnam but till Feb 2012, the market outreached to the third position.
Vietnam tuna products exported to Spain was diversified, including processed/canned tuna In two recent years, tuna shipped to Spain was mainly frozen tuna fillet. Through July 2012, tuna fillet export value achieved over US$5.9 million, up 33.5 percent; fresh, live, frozen, dried tuna exports reached US$2.51 million - up 1,783 percent compared to the same period of 2011.
Yellowfin tuna, longfin tuna and skipjack tuna are widely used in canned tuna production in Spain. Mexico, the Philippines, Netherlands Antilles, South Korea and Senegal are the main suppliers of yellowfin tuna (fresh, live, frozen) for Spain. Among 37 suppliers of yellowfin tuna for the market, Vietnam ranked the 15th position. Indonesia and Thailand also exported this product to Spain but low export value.
Although hurt by European economic slowdown, Spain is still the largest tuna consumer in EU and tuna imports into the market are likely to surge in the upcoming time. Consuming demand of fresh tuna in Spain tends to decline while demand of processed and frozen finfish is on an upward trend thanks to reasonable price.
In 2012, with the favorable conditions in raw material supply (yellowfin tuna catch was up 30 percent through August over 2011), Vietnam tuna exports to Spain are expected to continue rising sharply in the near time. Spain still belongs to top 3 largest importers of Vietnam tuna among EU.
|
Canned tuna demand in Spanish retail market (Unit: US$ million) |
||||||
|
Products |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
|
Canned tuna |
1,180 |
1,221 |
1,262 |
1,303 |
1,343 |
1,383 |
(Source: datamonitor, 2012)
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn