Last year, loin was the major tuna product Vietnam sent to Italy accounting for nearly 93% of total tuna exports to the market, valuing nearly US$ 14.5 million. This year, it declined to US$ 926 thousand, taking up for only 9.2% of total tuna exports to the market.
In contrast, exports of tuna fresh/live/frozen/dried spiked to nearly US$ 8.3 million, equivalent to 15-fold of last year's result and accounted for 87%.
This year, Italy got out of recession but the economy remained at a low level. Consumer spending was low, therefore, Italy's tuna imports still fell. The market's tuna imports in H1/2015 surpassed US$ 410 million, down 19.5% year on year. Statistics from the International Trade Centre (ITC), the Italian market is currently world's 5th largest tuna importing market.
Italy sourced tuna from 42 countries around the world. Indonesia, Ecuador and Mauritius were top producers to this market. Vietnam now ranks the 13th among non-EU tuna sources.
With the exeption of Indonesia, the leading source, tuna imports from all countries in H1/2015 went down. In H1/2015, Italian spent nearly US$ 35 million on tuna products from Indonesia, up 133.6% year on year. Nearly all (99.7%) tuna sold from Indonesia to Italy was loin.
This year, supplies from the main tuna manufacturers in the Philippines and Thailand decreased, giving the floor to Indonesia. Though having advantages in tariff, tuna exports from Ecuador and the Philippines were down by 42% and 39%, respectively.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
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