In the first 7 months of 2020, exports of other processed tuna from Vietnam to Japan tend to spike, while exports of fresh, live, frozen, and canned tuna have slumped. Due to the fact that the proportion of exports of processed and canned tuna products increasing from 62% in the first 7 months of 2019 to more than 77% in the same period in 2020. Notably, the export of other processed tuna products, especially frozen tuna loin products, HS code 16041490 continued to jump compared to the same period in 2019.
Compared to the same period in 2019, the average export price of processed tuna to Japan fell, while the price of frozen tuna meat/ fillets tended to increase.
There were nearly 21 businesses that exported tuna to Japan in the first 7 months of 2020.
The growing outbreak of Covid-19 epidemic in the Japanese market continued to affect the tuna industry. Japanese people are changing their tuna consumption habits, switching from eating at restaurant to eating at home. Although sushi restaurants have converted to take-out, sales have still declined.
Retail sales of sushi and sashimi to households for home consumption elevated sharply, but sales of tuna products to restaurants remained stagnant. Japanese fresh tuna market is declining. The price of premium fresh tuna for sashimi processing in Japan has decreased, in addition, the cancellation of the spring festival and the rescheduling of the 2020 Olympics to 2021 has caused the demand for tuna in the market decline.
It is expected that in the coming time, when the Covid epidemic is not under control, Vietnamese tuna export to Japan is unlikely to go up.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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