Cumulatively in the first 9 months of the year, tuna export turnover to this bloc reached more than 123 million USD, up 16% over the same period.
One of the reasons for this growth is that the markets soon enter the peak season to serve the year-end holiday. In addition, the veda ban in the EPO area from July 29 and lasted for 72 days has reduced the supply of tuna to the EU market from this area. Moreover, the price of tuna in the Manta region, Ecuador is much different from that in the area of Bangkok, Thailand, so the EU tends to strongly increase tuna imports from Asian countries at this time. In this context, Vietnam's tuna products with tariff advantages under the EVFTA agreement are more competitive than countries such as the Philippines, Indonesia or Thailand.
This year, due to high sea freight costs, EU canners are reluctant to ship their goods through the port of Rotterdam in the Netherlands, which will add to the cost of their CFR bills. Therefore, countries such as Germany, Belgium, Romania or France tend to reduce indirect imports through the port of Rotterdam, increase direct imports.
Cumulatively in the first 9 months of the year, Vietnam tuna export turnover to the EU reached more than 123 million USD, up 16% over the same period.
According to the statistics of Vietnam Customs, Italy used to be one of the three major tuna import markets of Vietnam, this year exports to this market decreased by 70% and dropped to 7th position. Along with Italy, exports to Spain, one of the three largest import markets, also decreased. However, Germany and Belgium tended to increase during this period, especially exports to Belgium increased by 111% over the same period.
In addition, exports to some other EU markets are also increasing strongly over the same period, such as Romania up 102%, France up 155% and Denmark up 305%.
Currently, there are more than 50 enterprises participating in exporting tuna to the EU. Bidifisco, Tuna Vietnam and FoodTech are the 3 largest tuna exporters to this market, accounting for 45% of the country's total tuna export turnover to the EU.
Inflation in Europe is forecasted to still increase, tuna consumption in this market will continue to increase, especially for canned tuna products. However, the devaluation of the Euro against the US dollar is making canned tuna products expensive for Europeans. Therefore, European importers will tend to increase imports of raw tuna from sources with competitive prices and advantages in terms of position. Vietnam's tuna exports to the EU in the last months of the year will therefore continue to increase over the same period in 2021.
Compiled by Thuy Linh
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
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