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.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
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