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
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(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
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