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) 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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