As of Feb 2016, tuna catching reaped high yieldings thanks to lower fuel price and now is on the northern fishing season.
In Jan-Feb 2016, tuna production in three main producing provinces estimated to reach 2,929 MT in which Phu Yen hit 1,065 MT, down 7.4%; Binh Dinh with 1,370 MT, equal to the same period of 2015; Khanh Hoa with 494 MT, up 4.3% year on year.
The U.S.
After the growth in tuna sales in the first month of 2016, Vietnam tuna exports to the U.S. reported a year-on-year slump in Feb 2016. Tuna sales to the market in Feb 2016 hit US$8.6 million, down 36% from Feb 2015 (US$13.4 million) and occupying 36% of the total exports.
In Jan-Feb 2016, Vietnam tuna shipment to the U.S. touched US$21.5 million, lower than that of Jan-Feb 2015.
EU
Vietnam tuna exports to EU in Feb showed the recovery with US$7.3 million, up 7% year on year and making up 31% of the total tuna exports.
The cumulative figure in Jan-Feb 2016 reached over US$15 million, down 11.5% year on year.
Until Feb 2016, Italy claimed the top position in importing Vietnam tuna in the EU bloc with the three-digit growth. Belgium outstripped the Netherlands to hold the third rank.
ASEAN
In Feb 2016, Vietnam tuna sales to ASEAN countries reported the year-on-year growth of 99% with the value of US$2.7 million. The figure in the first 2 months of the year reached US$6.9 million, up 11% year on year.
Vietnam tuna exports to Thailand (the largest importer of Vietnam tuna in the ASEAN bloc) achieved US$1.9 million, up 90% year on year. However, the figure in Jan-Feb downed 13.7%.
Japan
Vietnam tuna exports to Japan in Feb 2016 increased by 28% to touch more than US$1 million. However, the value in Jan-Feb 2016 downed 20%.
Forecast
Vietnam tuna exports in March 2016 are expected to post a slight growth thanks to higher demand from European importers because the quota of 20,000 thousand MT of frozen cooked tuna fillet/loin with duty exemption are remained.
Written by Nguyen Ha
Compiled by Kim Thu
(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.
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.
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.
(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.
(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.
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.
(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.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
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