In 2019, after two people were hospitalized with food poisoning from eating tuna, many Israeli consumers turned away from tuna products. This has led to a decline in sales of tuna in Israel and affected Israel's imports of processed and canned tuna. This trend has also caused Vietnam's tuna exports to decline continuously in the 2018-2020 period. But from the end of 2020 until now, tuna exports to this market have tended to recover. At one point, tuna exports to the Israeli market increased by 2.5 times compared to the same period in 2020, but still have not returned to the level of the same period in 2018.
Compared to the same period in 2020, Vietnam's exports of tuna products increased over the same period. In which, frozen tuna meat/fillet of Vietnam with HS code 03048700 is still the main export product to this market, accounting for 47% of total export value. The average export price of products to the Israeli market in the first seven months of this year stood at $5,464 per ton.
According to statistics of the World Trade Center (ITC), in the first 6 months of 2021, Vietnam surpassed Thailand to become the largest tuna supplier to Israel, accounting for nearly 31% of the total tuna import value from this country. Notably, in the first half of this year, while Israel's tuna imports from most sources decreased, imports from Vietnam increased.
Currently, there are 8 Vietnamese enterprises exporting tuna to the Israeli market, the largest of which are TUNA VIETNAM, BIDIFISCO and HAVUCO.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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