In early 2021, the crisis of lack of containers caused the cost of transporting frozen seafood exports to the US to skyrocket, many orders could not be fulfilled, or delivery was not on time… Besides, the US importers often buy goods at FOB (shipping on board) prices, so many importers have delayed orders due to damage. This is one of the reasons why Vietnam's tuna exports to the US declined in the first 2 months of the year.
In early 2021, because the Covid-19 epidemic continued to break out in the US, the country's imports of processed and canned tuna continued to increase. According to statistics from the World Trade Center (ITC), US imports of processed and canned tuna in the first two months of 2021 raised 21% in volume over the same period in 2020, while imports of fresh and frozen tuna from the US in the first 2 months of 2021 were up 21% in volume compared to the same period in 2020.
This trend has also affected Vietnam's tuna exports to the US market. Vietnam's processed and canned tuna exports to the US continued to increase, while fresh and frozen tuna exports decreased.
Compared to the same period last year, Vietnamese tuna products exported to the US have lower prices. The price of frozen steamed tuna loin from Vietnam exported to the US fluctuates at $6.4 - 6.6 USD/kg. And frozen tuna meat/fillets ranged at $9.3 - 9.9/kg.
According to statistics from the International Trade Center (ITC), in the US frozen tuna meat/fillet market segment in the first months of 2021, Vietnamese products have good competitive prices and are relatively stable compared with countries such as the Philippines, Indonesia or Thailand.
As for processed and canned tuna products, this year, the average export price of Vietnamese products tends to be higher than that of rival countries such as Thailand, Ecuador or Mauritius. The average import price of these products from Vietnam to the US is the highest among the four main suppliers. This is helping Ecuador to gain market share from Vietnam in this market segment in the US.
In the first quarter of this year, there were about 40 enterprises participating in exporting tuna to the US market. In which, Mariso Vietnam, Highland Dragon and Dragon Waves are the 3 largest tuna exporters.
(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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