November 2013 witnessed the lowest canned tuna imports for the United States that year, with volume falling to a low of 1,210,646 cartons (48x5oz). Compared to 2012, this was a modest drop from that year’s import for November of 1,384,572 cartons of canned tuna.
The drop has been ongoing from June to November 2013, with imports falling continuously. Initially January, the month of the single duty quota, showed promising results for 2013, and displayed a six year peak in imports for that month. Also imports in February, March, April and May still showed hope for the year; but the amount of canned tuna shipped into the US began to drop at the close of the first half of last year.
As usual, January shows significantly higher figures than other months, due to the US single duty quota, with import tax on canned tuna in brine at six percent rather than 12.5 percent at this time of the year. This quota is filled within the first day of the year.
The United States is the largest canned tuna importing nation in the world, with a total volume of 23,542,756 cartons entering its borders in 2012. January to November volume for 2013 has totaled just over 21.9 million cartons. If the 2013 import trend shows a continuation from November, this year’s US canned tuna imports are likely to show a drop from last year.
In October 2013, atuna.com published that there had been a considerable 7.7 percent drop in US consumption of canned tuna from 2011 to 2012. According to NOAA’s Fisheries of the United States 2012 report, a 0.2 pound (90.6 gram) drop in per capita consumption of canned tuna had been identified across the American population. This trend was coupled with an 18 percent decrease in US imports of canned tuna from 2011 to 2012.
Continuing declines in imports of canned tuna into the United States in 2013 could indicate that consumption in the country is suffering an ongoing fall.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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