Vietnam's canned tuna exports continue to grow over the same period in 2019. Meanwhile, exports of fresh, frozen, and processed tuna products continued to fall.
By the end of June, tuna export value to most major importers slashed compared to the same period in 2019, except for ASEAN and Egypt.
The US: Vietnam's tuna exports to the US continued to dive in June. For the first 6 months of 2020, Vietnam's tuna exports to the US reached nearly US$ 127 million, down 20% over the same period in 2019. Due to the impact of the Covid-19 pandemic, the demand for canned tuna soared, so the US went up imports of this product group from Vietnam, up nearly 10% compared to the first half of 2019. The growing outbreak of the disease is causing tuna exporters to worry about the market's resilience.
The EU: EU tuna imports from Vietnam continue to be a modest amount. The value of Vietnam's tuna exports to the EU in the first 6 months of 2020 was only nearly US$ 57 million, down 17% compared to the same period in 2019. Due to the effects of the Covid-19 epidemic, imports Vietnamese tuna from EU countries fluctuated unpredictably. In May 2020, Vietnam's tuna exports to the Netherland slumped, exports to this market in June reversed to increase. Meanwhile, tuna exports to the German market continued to grow well. However, like the US, although the EVFTA agreement will take effect early next month, businesses still cannot expect an export recovery to this market.
The ASEAN: In June, Vietnam's tuna exports to ASEAN reversed unexpectedly. Tuna export value of Vietnam to this market in June elevated to nearly 73%, bringing the total export value in the first 6 months to nearly US$ 21 million. Notably, while exports of other commodity groups of Vietnam declined, Vietnam's exports of canned tuna to ASEAN skyrockted, up 1,265% over the same period. It can be seen that the Covid-19 pandemic is having a great impact on the production and consumption of tuna in ASEAN countries, creating export opportunities for Vietnamese enterprises.
Egypt: In the context of continuous decline in tuna export to major markets, Egypt was considered a bright spot with continuous high growth. By the end of June, Vietnam's tuna exports to Egypt increase tremendously by 74% over the same period in 2019, reaching nearly US$ 8 million. Egypt is currently importing a score of processed and canned tuna from Vietnam, especially canned tuna.
(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