According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
However, Portugal's tuna imports from Vietnam in 2023 decreased by 63%, reaching just over 2 million USD. In 2024, Vietnam's tuna exports to this market are showing signs of recovery. While Vietnamese tuna businesses failed to secure any export orders to Portugal in the first two months of 2023, they have already achieved over 148,000 USD in exports to this market in 2024, double the value compared to the same period in 2022. However, these figures indicate that Vietnam's tuna market share in Portugal remains low.
Vietnam mainly exports tuna meat/loins to the Portuguese market
Among the tuna suppliers to the Portuguese market in 2023, Vietnam is currently the 10th largest non-EU tuna supplier. Despite enjoying preferential tariffs under the European-Vietnam Free Trade Agreement (EVFTA), Vietnamese tuna products still struggle to compete with similar products from China and Indonesia, which do not benefit from such preferential treatment.
Businesses claim that exports to the EU generally and to Portugal specifically are being hampered by the restricted domestic material supply and the difficulties presented by the IUU yellow card. Currently, there are very few Vietnamese tuna companies that have access to the Portuguese market. Among them, Dragon Waves is the leading supplier of Vietnamese tuna to this market.
(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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