Greece is currently imports a large of canned processed tuna from Vietnam. According to statistics of Vietnam Customs, export value of Vietnamese canned tuna to Greece accounted for over 94% of the total export value of Vietnamese tuna to this market.
Greek canned tuna imports are also recovering after a decline in 2017, the volume of canned tuna imported into this market decreased from 6,934 tons in 2016 to 6,061 tons in 2017. In 2018, Greek canned tuna imports have recovered and rose by 7% compared to 2017, reaching 6,511 tons. And this trend continues in 2019.
The supply of canned tuna for the Greek market was largely from intra-regional countries, accounting for 58% of total tuna imports of the country. In particular, Italy, the Netherlands and Spain were the three largest suppliers.
In 2018, Italy's canned tuna exports to Greece decreased by 15% in volume. However, the country continued to maintain its leading position among intra-regional suppliers, with a market share of 33%. The Greeks favour Italian canned tuna products offered by the premium brand Rio Mare.
However, since 2016, the demand for high quality canned tuna products has been decreasing. The reason is that the tuna price of Italy increased sharply. In 2018, the price of canned tuna in Italy increased by 8% compared to 2017 and 37% higher than in Spain. However, the volume of canned tuna imported from Spain was still significantly lower than that of previous years.
While reducing canned tuna imports from Italy, imports from the Netherlands to Greece increased by 50% in 2018, although the price of canned tuna in the Netherlands in 2018 rose by 4% compared to 2017.
Contrary to the trend of imports from intra-regional countries, supply from Asian countries tended to increase. Asian tuna processors provided 2,712 tons of canned tuna in 2018, an increase of 21% compared to 2017. Of which, Thailand, Philippines, Vietnam and Turkey were the four largest suppliers.
Although canned tuna products exported to Greece are subject to a high tax of 24%, Thai canned producers remained at the top of the canned tuna suppliers for this market, accounting for 16% market share by volume. Followed by the Philippines at 9% and Vietnam at 4%.
Globally, Greece is also a tuna processing country. North Aegean Sea Canneries SA was the largest tuna producer of the Greece that owning the Trata brand. The company usually imports steamed tuna filets/loin, caught near the equator from a selected supplier, who meets their stringent quality requirements.
(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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