Philippines had been the leading exporter to Germany for many years, but Ecuador has since taken over that position.
In 2011, Ecuador gained significant ground in the growing German tuna market, rallying from the middle of the pack in 2010 to become the top exporter with a quarter share of the market. Last year, the South American country boosted its deliveries by 107% to ship 15,149 tons of canned tuna, surpassing the imports from both Philippines and Papua New Guinea.
Ecuador has the second largest fleet in the Eastern Pacific Ocean and it catches the majority of the region’s skipjack (62%). It’s also one of the world’s largest processors of canned tuna, next to Thailand and Spain, producing more than 500 tons daily. It sends the majority (60%) of its canned tuna products to Europe, where it has duty free market access.
The Philippines, which also has a significant domestic fleet, also continues to be a major player in the German market, but its position is shrinking. In 2011, it shipped about 10% less for a total volume of 15,074 tons compared to 2010. While it controlled a relatively equal 25% share of the market with Ecuador last year, it previously accounted for 32% of Germany’s canned tuna imports. This decline could be caused by the disadvantage in duty that Philippines has compared to Ecuador. Canned tuna from Ecuador is duty free while Philippines has a 20.5% or 24% tariff.
Still, Philippines remains strong in the German food service sector, with most of the canned imports being in the 60.5 oz can size.
In that sense, the expansion of Indonesia and Vietnam (also with 24% duty) are remarkable. Compared to 2010, Vietnam’s canned tuna exports to Germany grew by 62% to 5,379 tons, while Indonesia’s climbed by 23% for a total of 8,027 tons.
Germany is also importing less duty free canned tuna from Papua New Guinea. Last year, the canned tuna volume from Papua New Guinea – which has duty free market access – declined by 22% to reach 8,300 tons. As a result, the country lost 6% in market share in 2011.
(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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