Among the various exported tuna products, frozen tuna meat/loin under HS code 0304 consistently holds the highest proportion. These products include frozen tuna loin, tuna steak, and tuna saku.
Vietnam's frozen tuna meat/loin products have been exported to over 70 markets worldwide, with the United States, the European Union, Russia, Canada, and Israel being the top five import markets. Exports of frozen tuna meat/loin from Vietnam to all five of these markets have seen an increase compared to the same period last year.
Exports of frozen tuna meat/loin to the US have experienced continuous growth since the beginning of the year, peaking in August at more than $23 million. Accumulated in the first eight months of 2024, exports to this market reached $137 million, up 15% compared to the same period in 2023. However, the growth rate of exports to this market is slowing down towards the end of the year.
Exports to the EU in the first eight months of 2024 reached $55 million, up 9% compared to the same period in 2023. The Netherlands, Lithuania, and Belgium are the three largest importers of this product group from Vietnam in the EU. Among these markets, the Netherlands stands out, with its imports from Vietnam showing triple-digit growth over several months. Accumulatively, Vietnam's export value of frozen tuna meat/loin to the Netherlands surged by 68%, reaching nearly $18 million in the first eight months of 2024.
According to enterprises, tariff preferences under the EVFTA agreement have been instrumental in driving exports of these products to the EU. However, rising transportation costs due to tensions in the Red Sea region have greatly affected the export of this product group.
A notable development in the first eight months of this year is the significant increase in exports to Russia. As of the end of August 2024, exports of frozen tuna meat/loin to this market have increased by 80%, reaching nearly $18 million. This figure has made Russia the second largest single importer of frozen tuna meat/loin from Vietnam, after the US. With tariff preferences and efficient transportation systems, Russia is emerging as a promising market for Vietnamese tuna during this period.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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