The proportion of fresh, frozen or dried tuna stayed at 54.07%.Canned tuna occupied the rest.
Due to the lack of raw material, exports of all tuna products, except for tuna loins continued to fall.
From January to July, Vietnam sent tuna to 100 markets around the globe. Export value of tuna to 8 major markets accounted for nearly 82%. Exports to Russia and Mexico surged, with the rate of 136% and 112%, respectively.
The US continued to be the most attractive market. Tuna exports from Vietnam to the US in first 7 months this year reached over US$ 111 million, up more than 13% over the same period in 2014.
Statistics of the International Trade Centre (ITC) revealed that tuna imported by the US increased by 2% in terms of volume and by 4% in terms of value. Average import price slightly increased over the same period last year. Vietnam is currently the second biggest source of tuna to the US.
The EU - This year, Tuna exports from Vietnam to the EU continued to decrease, reaching nearly US$ 61 million, down 23%. Germany, Spain and Italy continued to be biggest importers in the EU. It is noted that exports to Spain increased by more than 23% to more than US$ 8 million.
This year, demand for tuna in EU markets is low, and this lower tuna import price. Tuna exports from Ecuador and the Philippines to the EU also fell. Vietnam is now ranked 9th in EU's top tuna suppliers.
Japan - Similar to the EU, Vietnam's tuna exports to Japan declined. After a rebound in June, in July, decreased again. In the first 7 months of 2015, Vietnam's tuna exports to Japan touched US$ 11.6 million, down 23% from the same period in 2014.
The second half of 2015 is expected to be a difficult time. Raw material import is needed. Exports to the EU and Japan will remain low as demand has not recovered and currencies weaken. Exports to the US, ASEAN and other markets will offset the decline and total tuna exports in the second half of this year can be better.
(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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