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.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
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