According to statistics of Vietnam Customs, Vietnam's tuna exports decreased continuously in the first 2 months of 2021. Japan continued to drop in the ranking of the largest tuna import markets of Vietnam. .
This year, the structure of Vietnam's tuna exports to Japan has also changed. If in the previous years, processed and canned tuna was the main export product group of Vietnam to this market, this year Japan tended to increase imports of fresh, frozen tuna - the increase is up to 91% over the same period in 2020. Meanwhile, the import of processed and canned tuna products decreased by 49%.
Currently, according to statistics of the World Trade Center (ITC), Japan is also reducing imports from other countries. Japan's import of tuna in the first 2 months of 2021 decreased by 15% in volume compared to 2020.
The Covid-19 epidemic continued to affect heavily on the Japanese tuna market. Since Japan removed its emergency at the end of May 2020, the Japanese tuna market is expected to bounce back. However, delaying major events and public vigilance about dining out have slowed market recovery.
By 2021, after a long period of confidently controlling the epidemic, Japan is currently facing the 4th Covid-19 epidemic wave. The number of Covid-19 cases in Japan is skyrocketing. There is a state of emergency in place in six major Japanese prefectures including Tokyo and Osaka. The government is proposing to tighten the anti-epidemic measures, and is expected to cancel the 2021 Tokyo Olympic Games. This will make the Japanese tuna market difficult to recover. Japan's imports of tuna are expected to remain low, due to reduced demand.
By the end of February 2021, there were 11 Vietnamese enterprises participating in tuna export to Japan.
(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.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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