In 2014, Thailand tuna exports declined by 10% over 2013. Canned tuna made up nearly 97% of total Thailand tuna exports.
The US, EU, Australia and Japan are biggest importing markets for tuna from Thailand in 2014. Thailand tuna exports to its major markets declined by value as raw tuna prices were lower. Exports to US, the largest import market, reached over US$ 474 million, down 9% year on year. Exports to the EU-28 valued over US$ 265 million, down 40%. Exports to Australia reached US$ 215 million, down nearly 9% and exports to Japan reached more than US$ 197 million, down more than 12%.
Meanwhile, exports to emerging markets such as the Middle East, West Africa and South America reported positive growth. In particular, exports to Jordan increased by 75% and to Peru rose by 98%.
As skipjack raw material prices fell, average export price for canned tuna from Thailand to the US and EU fluctuated. After a surge in July, canned tuna exports to the US suddenly dropped as the ban on fish aggregating device (FAD) came into effect. Tuna exported to the EU experienced stable prices until the early 2014, when prices fell to the level in the US. This greatly influenced canned tuna exports of Thailand.
The EU is imposing tax on tuna products from Thailand, which is as high as 24%. It is noted that this is double from tuna tax of the US exported to EU (12.5%), and much higher than 0% tariff for Australia and Japan. Annual growth of tuna exports remained at 5-10% while Thai companies are good at expanding their business in different markets.
It is forecast that in 2015, Thailand tuna exports will rise from the level of 2014, but less speedy.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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