Cumulatively in the first 8 months of 2021, Vietnam's tuna export value to China reached US$3.6 million, up 63% over the same period. From the end of May 2021, Zhanjiang - one of the major transshipment hubs in China has announced to suspend the import of frozen food from major seafood producing countries including India, Vietnam and Thailand. , along with 8 other Asian countries from June 20 to July 15, 2021. In addition, the outbreak of the fourth Covid-19 wave in Vietnam from the end of July has caused Vietnam's tuna exports to this market to tend to slow down from the beginning of the third quarter.
According to statistics of Vietnam Customs, China is increasing imports of frozen tuna meat/fillets with HS code 0304 and canned tuna from Vietnam. Among the tuna products exported from Vietnam to this market, frozen tuna meat/fillets with HS code 0304 accounted for 66% of the total export value, followed by canned tuna with 19%.
China imports a lot of tuna species, in which frozen whole skipjack tuna , purchased by tuna loin factories, accounts for the largest proportion. The majority of this tuna loin is exported to EU canning plants under an annual autonomous tariff quota (0%). Canned skipjack or other tuna products came in second, followed by frozen skipjack steaks, including mackerel.
In 2020, due to the impact of the Covid-19 pandemic, China's domestic demand for preserved products increased. The country's canned tuna imports increased by 71% compared to 2019, reaching 7,320 tons. However, entering 2021, experts expect canned tuna imports of this country to decrease, but will still be higher than 2019. In the first half of 2021, China's canned tuna imports only reached 2,218 tons. .
In addition, Chinese consumers continue to worry about corona virus infection from imported seafood. Therefore, this country increases domestic seafood consumption and will raise trade barriers in the near future. Even the control of Covid-19 through border gates and import ports will be tightened. Exports of frozen seafood products, including tuna, from Vietnam to this market are likely to slow down.
Currently, there are more than 23 Vietnamese tuna processing and exporting enterprises participating in exporting to the Chinese market.
(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.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
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