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) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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