According to the latest statistics from ITC, in 2017, Germany imported about 71 thousand MT of tuna with the value of US$411.7 million, up 24% in volume and 40% in value over the previous year. Vietnam held as the 6th largest tuna supplier to the German market (behind Ecuador, the Philippines, Papua New Guinea, the Netherlands and Spain).
Last year Germany increased its imports in most of the major suppliers and reduced imports from the Netherlands - the largest tuna supplier to Germany in the EU.
Up to 92.5% of the total value of tuna imports into Germany is processed/canned tuna products (HS code 160414). Last year, the import value of processed tuna products into the country also increased by 40%. In addition, imports of frozen tuna increased by 56%, and those of fresh and chilled yellowfin (HS code 030232) also went up 26% compared to 2016.
According to FAO statistics, in 2017, the total import value of tuna into Germany increased remarkably because the average import price was higher than that in previous years. In particular, the price of canned tuna ranged from US$4.5 to US$4.8/kg, higher than the level of US$3.8 to US$4/kg in the previous year. In the past year, the import volume of tuna into Germany also increased, ranging from 9,000 to 11,000 MT per month.
Three major suppliers to the market were the Philippines, Ecuador and Papua New Guinea, which mainly exported canned and processed tuna to the German market. In particular, imports of processed/canned tuna (HS code 160414) doubled compared to 2016. Papua New Guinea continued to keep a large market share of processed tuna exports to the market.
In the first quarter of 2018, tuna imports, especially processed and canned tuna (HS code 160414), expected to go on the rise over the same period in 2017. In addition to large suppliers, German customers tended to increase imports from ASEAN, including the Philippines and Vietnam.
(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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