The U.S.
As of Sep 2016, the U.S. retained as the largest importer of Vietnam tuna, accounting for 40.8% of Vietnam tuna exports, with the value of US$144.5 million, up 2.2% year on year. This year, demand for canned tuna in the U.S. was on the downward trend despite a slump in global tuna price. Currently, Thailand, Vietnam and Indonesia were top 3 largest suppliers of tuna to the market, in which, shipments from Thailand took up 25.5-28% of the U.S imports. In spite of the year-on-year decreases of 7.3-20.6% in the first 2 quarters of this year, Vietnam tuna exports to the U.S. rebounded from May 2016, and expected to rise sharply in the last quarter.
EU
The EU stayed as the 2nd biggest buyer of Vietnam's tuna. In Jan-Sep 2016, sales to the region reached US$73.9 million, down 3.3% compared the same period of 2015. In particular, out of top 3 largest markets in the bloc, exports to Italy and Belgium registered the climbs of 116.3% and 23.5%, respectively, while those to Germany posted a fall of 41.2% year on year.
ASEAN, Israel and China
Through Sep 2016, Vietnam tuna exports to 3 potential markets, including ASEAN, Israel and China remained quite stable. Exports to Thailand picked up almost 7% of total tuna exports, up 24.3% over the same period last year. Thailand was both a tuna importer and a supplier of Vietnam.
According to the ITC, in the first half of 2016, total tuna imports into Israel hit over US$37 million, of which, imports from Thailand reached US$10.8 million, those from the Philippines was over US$8 million, and those from Vietnam touched US$7 million. Israel is a potential market, Vietnam tuna exporters continue to boost exports of processed tuna (HS code 4160414) to the market.
Through Sep 2016, Vietnam tuna exports to China gained US$15 million, up 56.3% over the same period last year. In the coming time, China remains as a potential market of Vietnam. Besides, exports to Canada and Mexico also expected to go up in the last quarter of the year.
Written by Ta Ha
Compiled by Dieu Thuy
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
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