The three largest importing markets in the bloc included Germany, the Netherlands and Italy. In the second quarter of 2018, exports to Germany and Italy decreased by 4.6% and 10.4% respectively, while exports to the Netherlands increased by 61%.
In the first half of this year, exports of tuna loins/fillets and other processed tuna from Vietnam to the EU increased, while those of canned tuna and other fresh/live/frozen tuna reduced. Notably, exports of other processed tuna products from Vietnam to this market sharply increased by 337%, exports of tuna loins/fillets, the key export product to the EU in this period, rose by 34.7%.
This year, the EU countries tended to reduce imports of canned tuna. According to the latest Eurostat statistics, the EU countries imported nearly 135,600 MT of canned tuna products from countries in the first three months of this year, down 10% (over 15,000 MT) over the same period in 2017.
In the EU, Spain continued to be the largest exporter of canned tuna products to countries in the bloc. During the first three months of this year, Spain's canned tuna exports fell by 21% to hit 27,200 MT.
Generally, the tariff rate of 24% for canned tuna products led to a competition in EU markets, but Thai processors played an important role in supplying commercial and MSC-certified tuna products to the region.
In recent months, tuna capture was low; therefore, supplies to the main production areas such as Manta, Ecuador and Bangkok, Thailand went down. This pushes tuna prices up in the first month of the year, and this has affected the consumption demand for this item in final markets.
(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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