From 2010’s peak of 65,800 MT, the U.S. imported 46% less of the raw material in 2011. American seafood giant Bumble Bee closed two of its plants last year, and the effect can be seen in the decline of imports. In July 2011, its albacore loining plant in Fiji closed temporarily after a dispute with the U.S. Food and Drug Administration (FDA). As a result, the small Pacific island nation’s market share dropped significantly from 2010 to 2011, with its export volume declining by 69% to a total of 4,600 MT.
Bumble Bee also entirely stopped processing albacore tuna at its factory in Trinidad and Tobago last September due to low production volumes. Trinidad and Tobago exported 5,600 MT in 2011, a 26% decrease from 2010.
Thailand, the leading exporter in tuna loins to the U.S., also fell 8% last year, but overall it showed exceptional growth from 2006 to 2011, peaking at 26,800 MT in 2010. Thai Union the owner of Chicken of the Sea has in 2010 set up a canning plant in the US, Tri-Union Seafoods, based in Georgia. This plant also runs entirely on pre-cooked loins.
Other exporting countries, not including Trinidad and Tobago or Ecuador, made a huge impact in 2011 as they made zero deliveries in tuna loins to the American market. This is a dramatic change from 2010, when they exported a combined total of 16,400 MT.
Since 2006, the U.S. imports of the raw material, used for canned tuna, have declined by 30% to reach the lowest point in the five year period, totaling 35,800 MT. This suggests the domestic canned tuna production is also decreasing, which mirrors the country’s shrinking consumer demand for canned tuna as well. Since 2000, about 11% of American households have stopped eating tuna.
At this years Infofish World Tuna Conference in Bangkok Thai packers also said they would be reducing their output of frozen pre-cooked loins due to the higher labor costs they are facing. Thailand will concentrate more on canning.
The closure this year of Bumble Bee its plant in Puerto Rico, is also a sign that even more of the US consumed canned tuna will in the future come either from tuna canneries in Thailand, Philippines, China or Vietnam or from American Samoa.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(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.
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