Vietnam’s tuna exports to Germany increased continuously in the first 2 months of 2023

News 10:49 10/04/2023
(seafood. vasep.com.vn) According to statistics of Vietnam Customs, Germany is one of the few markets of Vietnamese tuna that can maintain a good growth momentum in the first two months of 2023. Tuna export turnover to this market continuously increased in the first 2 months of the year, reaching more than 5 million USD, up 47% over the same period in 2022. This has helped Germany become the 3rd largest single tuna import market of Vietnam in this period.

In 2022, Germany is the largest tuna import market of Vietnam in the EU bloc, accounting for about 3% of total tuna export turnover, up 20% compared to 2021.

Canned tuna and frozen tuna meat/loin are still Vietnam's main export products to Germany, accounting for 63% and 30% respectively in the first 2 months of 2023. Compared to the same period in 2022, Vietnam's exports of both these products increased by 28% and 68% respectively.

According to data from the Federal Statistical Office of Germany, the inflation rate in December 2022 dropped from a record high of 10.4% in October 2022 to 8.1%. Prices fell thanks to a one-time payment under the government bailout package to consumers' winter gas bills in December.

 According to statistics of Vietnam Customs, Germany is one of the few markets of Vietnamese tuna that can maintain a good growth momentum in the first two months of 2023

However, the effect of this package seemed to have waned in January 2023, when the inflation rate rebounded to 8.7% and the prices of consumer goods, household goods  and services simultaneously increased. Food prices in Germany also increased by 21.8% in February 2023 compared with the same period last year. The inflation rate for groceries is still more than double the overall inflation rate. This is expected to cause Germans to still tighten their spending. Inflation will continue to make German tuna imports unstable this year.

Besides, preferential tariff quotas for processed and canned tuna products from Vietnam to the EU are gradually being used up while inventories are still high. Therefore, it is expected that Vietnam's tuna exports to this market will slow down.

Currently, there are 11 companies participating in exporting tuna to the German market. FoodTech, KTCFood and Bidifisco are the 3 biggest tuna exporters to this market, accounting for 64% of the total export turnover to this market.

Top 5 Vietnamese tuna exporters to Germany

No

Company

Proportion (%)

1

Foodtech

29

2

KTCFood

20

3

Bidifisco

15

4

EDISON FOODS

13

5

HALONG CANFOCO - DA NANG CO. LTD

9

Compiled by Thuy Linh 

vietnam tuna exports to germany

TIN MỚI CẬP NHẬT

NAVICO completing pangasius value chain, aiming for 8-fold profit increase in 2024

 |  08:29 13/05/2024

(seafood.vasep.com.vn) NAVICO has announced that it has closed the value chain for pangasius fish by ensuring 100% self-sufficiency in feed for aquaculture and raw fish production, creating favorable conditions for a breakthrough in this year's business results.

Seafood value-added products shine at Barcelona exhibition

 |  09:24 10/05/2024

(seafood.vasep.com.vn) On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.

Vietnam shrimp enterprises strive to "overcome the waves"

 |  09:47 08/05/2024

(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.

The picture of shrimp exports in the first quarter of 2024

 |  10:19 06/05/2024

(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.

Shrimp exports to major markets bounce back

 |  08:50 03/05/2024

Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.

Enterprises want clearer regulations on seafood production

 |  10:08 29/04/2024

It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.

Canada - a potential tuna market

 |  08:47 25/04/2024

(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.

Vietnamese tuna exports to Chile nearly doubled

 |  09:11 23/04/2024

(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.

Millions of aquatic species released to regenerate fisheries resources

 |  15:03 22/04/2024

Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.

Prices for raw pangasius and fingerlings drop in March 2024

 |  09:16 17/04/2024

(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC