Compared to September, Vietnamese tuna exports to major markets have seen many changes. Notably, the growth has returned to ASEAN and Canada. Meanwhile, tuna exports to the US market are showing signs of slowing down.
The US: Until the end of October 2019, the US continued to be Vietnam's largest tuna importer. The proportion of export to this market was still higher than the same period in 2018. Notwithstanding, after a period of continuous good growth, tuna export to the US in October has slowed down, making the proportion of the US in total tuna export of Vietnam decrease compared to the previous month. Tuna export value of Vietnam to the US in October was only equivalent to the same period in 2018, reaching US$26 million.
Currently, the US is the most diversified import market for Vietnamese tuna products with live, fresh and frozen and canned tuna products such as: Frozen yellowfin tuna loin, frozen yellowfin tuna cubes, frozen yellowfin tuna saku, canned bigeye tuna...
EU: Vietnamese tuna export to EU has not shown any sign of recovery. The export value of Vietnamese tuna to this market in October 2019 decreased by nearly 25% compared to October 2018. Therefore, in the first 10 months of 2019, Vietnamese exports to this market still fell by nearly 12% over the same period in 2018, reaching US$120 million. In particular, exports to the three largest importers in the block (Spain, Italia and the Netherlands) also declined by 7%,18% and 18% respectively.
ASEAN: Contrary to the trend of tuna exports to the EU, Vietnamese tuna exports to ASEAN are showing signs of recovery. The export value of Vietnamese tuna to this market in October rose by 10% compared to October 2018. However, due to the continuous decline in the previous months, the total export value in the first 10 months still slid by 3% over the same period in 2018, reaching US$43 million. In this market, Thailand continued to reduce Vietnamese tuna imports, while the Philippines and Indonesia tend to increase imports tuna from Vietnam.
Japan and Canada: These two markets are also continuing to increase tuna imports from Vietnam. Both countries are currently increasing imports of canned tuna from Vietnam, while reducing imports of live, fresh and frozen tuna. Vietnamese tuna is currently very attractive in these two markets after a gloomy period of export.
Mexico: In October, 2019 Mexico was still a thriving market. Vietnamese tuna exports to this market continued to grow at a high rate, up 255% over the same period in 2018. However, Vietnamese tuna exports to this market were not diversified. Currently, Vietnam only exported frozen tuna loin products to Mexico.
(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.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
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