According to statistics of Vietnam Customs, French tuna imports from Vietnam decreased continuously in the first 3 months of 2023. Accumulated in the first quarter of 2023, the value of tuna exports to this market decreased by 38%, reaching 605 thousand USD.
Frozen tuna meat/loin is still Vietnam's main export product to France, accounting for 55% of total import value. Compared to the same period last year, Vietnam's tuna exports to this market all decreased, except for other processed tuna products, which increased by 42%.
The average price of these products (HS code 03048700) to France in the first three months of 2023 was around US$6.4/kg, up 12% over the same period in 2022.
Vietnam is the 11th largest tuna supplier outside the EU in the French market
France is currently the 17th largest Vietnamese tuna importer in the EU. In the EU, France is the third largest tuna import market in the bloc.
According to statistics of the World Trade Center (ITC), Vietnam is the 11th largest tuna supplier outside the EU in the French market. However, the IUU yellow card and limited supply of raw material has
reduced the competitiveness of Vietnamese tuna products in this market. Moreover, tuna inventories in EU countries in the beginning of 2023 were high, so French tuna imports from outside sources decreased
It is forecasted that Vietnam's tuna exports to France in the second quarter of 2023 will still not be able to recover. Exports to this market as well as other EU markets will gradually recover in the second half of this year when inventories are reduced and inflation is controlled.
Compiled by Thuy Linh
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(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.
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