In terms of the export structure of tuna products to the EU market, it is worth noting that export of other processed tuna tends to increase. Meanwhile, canned tuna products declined. Currently, other processed tuna products are dominant in the group of processed and canned tuna products to this market.
The top 3 biggest tuna export markets from Vietnam to the EU changed in 2018. With the impressive growth continuously at 3 digits in the past months, Spain is occupying the top position with a total export value of US$30 million. Followed by the Netherlands with US$25 million. Meanwhile, exports of tuna to Germany continued to decline, which made this market drop to the 3rd position.
According to ITC, in the first 10 months of 2018, EU tuna imports decreased by 47% compared to the same period in 2017. In particular, import of canned tuna declined by 46%, while imports of loin/fillets frozen tuna dropped by 47%.
In the market segment of canned tuna, Italy, Spain, France, England and Germany were the 5 largest import markets for this product in the EU. Compared to the same period in 2017, import of canned tuna of all 5 markets increased in value, but in terms of volume, only Spain has the growth.
Ecuador remained the largest supplier of canned processed tuna for the EU. The value of canned tuna processing from Ecuador to the EU accounted for 19% of the total import value of this market. Followed by Mauritius and the Philippines with 7% and 6% respectively. Meanwhile, Vietnam was the 14th largest supplier canned processed tuna for the EU, accounting for only 1.2%.
For this canned processed product of HS16 code, Vietnam was still difficult to compete with the import tax rate of 20.5%, while Ecuador has an advantage with 0% tax rate. China was subject to a 24% higher tax rate than Vietnam, while the Philippines enjoys 0%.
In the loin/ frozen tuna fillets, France, Spain, Italy, the Netherlands and Germany were the 5 largest import markets for this product in the EU. Compared to the same period in 2017, while Germany reduced imports of these products, the remaining 4 countries were all increasing. Vietnam was the second largest supplier of frozen loin/ filet tuna for the EU, after Korea.
In general, in 2018, because of the high price of tuna at Manta, the catch in this area decreased, causing the supply to be limited. So EU countries tend to find alternative suppliers from Asian countries like China or Vietnam.
For frozen tuna loin/ fillet, with a tariff of 14.5%, Vietnam has no advantage over Korea, or Mexico and Ecuador - the two countries were enjoying 0% tax.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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