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
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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