Vietnam, along with three other Southeast Asian countries, Thailand, Indonesia, and the Philippines, were the largest suppliers of canned tuna for the Japanese market in the first 5 months of this year. Compared to other countries in the region, Vietnam has the highest export growth rate of processed and canned tuna products in the first 5 months of 2020. However, Vietnam's market share in the Japanese market was modest compared to the other three countries.
Moreover, after growing well in the first 5 months of 2020, Vietnam's tuna exports to Japan tended to decrease. According to statistics of Vietnam Customs, the value of Vietnam's tuna exports to Japan in June diminished by 39.4%, reaching more than US$1.7 million.
In the first half of 2020, exports of other processed tuna from Vietnam to Japan tend to increase, while exports of fresh, live, frozen and canned tuna have decreased. This has led to an increase in the proportion of exports of processed and canned tuna products from 61% in the second quarter of 2019 to nearly 77% in the same period in 2020. Notably, the export of other processed tuna products, especially frozen steamed tuna loin products (HS16041490) continued to increase over the same period in 2019. Compared to the same period in 2019, the average export price of processed tuna to Japan fell, while the prices of frozen tuna meat/fillets products tend to go up.
Currently, the Covid-19 epidemic in Japan has not yet been controlled, which is expected to continue affecting Japan's imports of tuna. Japanese tuna imports are expected to continue to decline in the coming months.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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