The economic instability and the war between Israel and the Hamas Islamic in 2023 have affected seafood export activities in general and tuna in particular to this market. Vietnam's tuna exports to the Middle East have continuously decreased every month since the beginning of the year. And only until November 2023 did tuna exports to this market tend to recover.
Vietnam’s tuna exports to some markets in the Middle East region recorded an increase over the same period in 2022, such as: Israel (up 37%), Lebanon (up 17%), UAE (up 23%), Turkey Ky (up 73%). Meanwhile, exports to some markets decreased sharply, such as: Egypt (down 47%), Saudi Arabia (down 78%)...
Currently, the Middle East is Vietnam's 4th largest export market of Vietnam tuna after the US, EU and CPTPP, accounting for nearly 10% of total tuna export turnover. In recent years, facing many challenges from main consumption markets, Vietnamese tuna enterprises have turned to smaller but potential markets such as the Middle East to diversify export markets.
However, this market area also has high requirements for imported food products such as the requirement of Halal certification. Suppliers are required to process and package appropriately to meet this standard.
According to recent information from the Vietnam Trade Office in Saudi Arabia, the Saudi Food and Drug Administration (SFDA) has sent a document to the leaders of the Federation of Chambers of Commerce, Chamber of Commerce Riyadh, Jeddah, Dammam about some food products exported to Saudi Arabia with Halal certificates but the issuing agencies of these certificates are not on the list approved or authorized by SFDA. Therefore, seafood export enterprises to the Saudi Arabian market need to comply with regulations on Halal certification and approach the Halal certificates of the unit authorized by SFDA to avoid being detained or returned.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
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