January to July 2013 has seen Ecuador’s exports to Germany soar dramatically, already reaching a whole 87 percent of its 2012 total export figure to the European country. Exports show growth of a massive 93 percent on the same period last year. In the first seven months of 2013, Germany imported 963,041 cartons (48x185g) from Ecuador.
The nation more than doubled its canned tuna exports to Germany in a dramatic upsurge from 2010 to 2011, that saw volumes rise from 825,811 cartons to 1,704,369 cartons. However, last year Ecuador’s exports to Germany dropped by a significant 35 percent from 2011. This caused the South American country to fall behind Philippines and Papua New Guinea for shipped volume.
It seems that Ecuador is witnessing a recovery this year, with its exports of canned tuna to the Germany market increasing dramatically compared to 2012. It is thought that this is prompted by enhanced landings of tuna for the country at the end of last year.
It appears that Germany’s total canned tuna imports are increasing dramatically this year. With over 20 nations shipping the product to its borders, imports for the country for January to July are up 14 percent on the same period in 2012, and at 4,869,842 cartons, already 63 percent of last year’s total import figure.
Ecuador’s free trade agreement on canned tuna to the EU makes it surely stronger and more competitive against other top exporting nations such as the Philippines, Vietnam, Indonesia, Spain and Thailand that do not enjoy this benefit, and pay in the range of 20.5 and 24 percent duty on canned tuna destined for the European Union.
The Philippines continues to maintain strong competition in the market however, producing canned tuna at an average CFR value per carton of 48x185g at USD 38.24 in 2012. Its considerably lower CFR price, at a whole USD 15.39 less than Ecuador for the same year, allows the country to hold a powerful position for German imports, while still subject to over 20 percent duty on its trade. Philippines is in Germany the dominant player in the catering tuna range, but continues also to be an actor in retail packs.
(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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