Among Vietnam's exported tuna products, canned tuna exports experienced a decline in November. The export value for this product decreased by 8% year-on-year, which was one of the main reasons for the slower growth of Vietnam's tuna exports toward the end of the year.
In November, exports to key markets such as the EU, Israel, Russia, Japan, and South Korea declined compared to the same period last year. Although exports to the U.S. continued to grow, the growth rate slowed down.
In the EU market, tuna exports to Italy and Germany dropped significantly in November, with decreases of 95% and 39%, respectively, compared to the same period. Conversely, exports to the Netherlands increased slightly, by only 3%.
Similarly, tuna exports to Israel and Russia, after a period of strong growth, plummeted in November. Geopolitical instability in these two markets is impacting Vietnam’s tuna trade.
In the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) market bloc, tuna exports to Japan, which saw consistent high growth in September and October, reversed in November with a 6% decrease. However, thanks to the growth in earlier months, cumulative exports to this market for the first 11 months still increased by 4% year-on-year.
Meanwhile, exports to Canada, which had previously declined, rebounded in November with an 11% year-on-year increase. Alongside Canada, exports to Mexico and Chile continued to show strong growth during the month.
According to enterprises, demand in various markets remains high; however, challenges related to raw materials and export procedures are hindering export activities. Businesses are urging the government to promptly revise regulations on the minimum size of skipjack tuna (50cm) permitted for harvesting under Decree No. 37/2024/NĐ-CP to facilitate export activities in the coming year.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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