In the period, Vietnam tuna loin exports to the Netherlands saw a year-on-year sharp growth of 396 percent. Whereas, exports of canned tuna and frozen/live/fresh tuna downed 22 percent and 55 percent, respectively.
In the past 2 years, Vietnam tuna sales to the Netherlands recovered after the sharp decrease in 2011. In 2013, total tuna exports by Vietnam to the market reached US$10 million, up 23 percent from that of 2009 and 75 percent against 2011. Thanks to sharp growth in Vietnam tuna exports to the Netherlands through April 2014, the market surpassed Spain to claim the third largest importer of Vietnam tuna among EU block.
According to statistics of International Trade Center (ITC), tuna imports into the Netherlands in the past 5 years increased by 143 percent, putting the market into the list of top 11 largest tuna consuming markets.
Through February 2014, the Netherlands imported tuna from 21 suppliers in the world. Ecuador is the leading supplier of tuna products to the market, making up 41 percent of the market’s total tuna imports. It is followed by Mauritius with 12.5 percent and Thailand with 9.97 percent. Vietnam ranks the 9th behind Philippines among leading tuna suppliers to the Netherlands.
With the advantage of high catch volume, Ecuador’s tuna exports to the Netherlands in the past years reported positive growth. The trend is expected to remain in the coming time. Thanks to Free Trade Agreement between Ecuador and EU, canned tuna exports from Ecuador to EU have stronger competitiveness against other suppliers such as Thailand, Vietnam and Philippines who must pay duty rate of 20.5 percent – 24 percent.
Tuna shipment from Thailand to the Netherlands tends to increase in recent years. Thailand is the third largest supplier of canned tuna to the market after Ecuador and Mauritius.
(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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