In 2018, the US increased the import of fresh, frozen and dried tuna products from Vietnam. Frozen fillets/loin tuna were the main export products from Vietnam to the US in 2018, accounting for 63%. During this period, the export of canned tuna to the US continued to decline. Meanwhile, exporting other processed tuna products went up.
Imported canned tuna to the U.S is increasing. Including canned tuna from the three largest suppliers, Thailand, Ecuador and China, Vietnam is currently the 4th largest canned tuna supplier to the US market, out of 37 countries exporting this product line.
The trend of products made from tuna to the US continues to increase. China supplied the largest share of this product line to the US market. According to statistics from the US National Oceanic and Atmospheric Administration (NOAA), the average FOB price of this product imported to the US increased by 11% over the same period last year, but the products of tuna family still have a lower price than skipjack.
Import tax has increased from 4% to 10% for products imported from China. Meanwhile, Import taxes from other countries remain at 4% lower than 12.5% of traditional skipjack tuna, yellowfin tuna, or longfin tuna. This is creating an unfair competition for traditional canned tuna products.
In the market segment of frozen fillet/loin tuna, export from Vietnam continued to increase. Currently, Indonesia and Vietnam continue to be the largest tuna suppliers to the US market, with the proportion of 38% and 36% respectively. In the first 10 months of 2018, the average price of frozen tuna fillet/loin in the US ranged from US$ 11-12/kg, the price of imports from Indonesia also fluctuated in this range. Meanwhile, Vietnam's price of frozen filet/loin tuna ranged from US$ 9.96 to US$ 11 /kg.
(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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