The country’s imports of pre-cooked, frozen tuna loins have been declining – which suggests its domestic production is down – while it experienced a record high in canned tuna imports last year.
Since 2006, Italian imports of canned tuna have grown by about 26%. Italy received an outstanding 87,500 tons – the largest volume in the five year period – and more than half of the products were shipped from Spain. Major Spanish companies, such as Calvo, Garavilla, JEALSA and FRINSA are exporting to Italy, where they mainly supply the private labels of supermarkets. The Italian canneries increasingly lose the competition with the Spanish plants.
Spain now controls 52% of the market and delivered 45,800 tons of canned tuna to Italy last year, which is a 10% increase from 2010. Calvo’s Nostoromo brand is second in the market behind the leading brand, Rio Mare, which is owned by Italy’s Bolton Group.
Colombia’s exports to Italy also significantly jumped last year – up 21% from 2010 – reaching a total volume of 9,700 tons. The developing South American country has duty-free access to the European market.
Seychelles did not perform as well in 2011, with its exports of canned tuna dropping by about 13% since the previous year. The small island country, located in the Indian Ocean, was especially hurt by the increased presence of piracy in its waters.
(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.
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