In 2020, Vietnam's tuna industry brought an export turnover of 649 million USD, down nearly 10% compared to 2019. In which, the export of canned tuna and other processed tuna accounted for an outstanding proportion (52%) while frozen tuna accounts for 48%.
Tuna export decreased in the first half of the year, of which the strongest decline in the second quarter (-28%), in the third quarter it recovered slightly (up 2.1%) and in the fourth quarter only decreased by 0.5% over the same period of 2019 (reaching 172 million USD), demonstrating the flexibility of tuna exporters in using the opportunity to increase exports of canned and processed products. In product structure, exports of loin tuna and frozen fillets fell sharply (down 25%), mainly due to a decrease in the first 3 quarters of the year (in which the second quarter fell the most with a decline of 50%). The fourth quarter showed more positive signals with a decrease of only 4%. Meanwhile, canned tuna exports increased by 19% and the highest increase in the third quarter (up nearly 50%) and continued to increase 12% in the fourth quarter.
By the end of 2020, Vietnam's cephalopod exports reached $560 million, down 2.6% compared to 2019. Like tuna, cephalopod exports tended to recover in the second half of the year, whereby exports surged 12% in the third quarter and 10% in the fourth quarter reaching $162 million.
Frozen octopus accounted for the highest proportion (38%) with 216 million USD, down 11% mainly due to the deep drop in the first and second quarter (down 35% and 21%), but since the third quarter it has reversed with the increased by 11% and 3% respectively in the last 2 quarters of the year.
Frozen squid accounted for the second largest proportion (27%) with 154 million USD and surged 12% in the fourth quarter after declining in 3 consecutive quarters. Dried squid exports started to recover from the second quarter with a spectacular increase in 3 quarters: up 36% in the second quarter, 50% in the third quarter and 33% in the fourth quarter, bringing in $131 million in revenue in the past year, up 29% compared to 2019. Only processed octopus plummeted 20% to over 30 million USD in 2020 and decreased in the first 3 quarters of the year, then recovered slightly by nearly 4% in the fourth quarter.
In addition to tuna and cephalopod, exports of crab, bivalve mollusks and other marine fish all increased compared to 2019. In which, crab exports reached 182 million USD, up 22%, bivalve mollusk exports increased 12% to 105 million USD, other marine fish (except tuna) recovered slightly by 0.8% to 1.68 billion USD.
(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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