According to statistics of Vietnam Customs, Vietnamese export turnover to the EU reached $144m in 2021, a growth of 6.4% compared to the previous year. Although yearly export value records an expansion, some monthly statistics did show a downward trend compared to 2020, especially for the last few months of the year when Covid-19 broke out.
In 2021, Vietnam was the 7th largest supplier of tuna for EU markets, following Ecuador, Seychelles, the Philippines, Papua New Guinea, China, and Mauritius. Due to the costly ocean freight costs in 2021, there was a shrink in the EU’s imports of tuna from Asian countries, namely China, the Philippines, Indonesia, and Thailand, in contrast to the rising imports from African or Central American countries like Seychelles, El Salvador, and Ecuador.
Moving on to 2022, Vietnamese tuna exports to most countries in the EU have recovered. Export turnover of January 2022 approximated $15m, almost doubled that for January 2021. Exports to many markets recorded a surging growth rate of 3 to 4 digits, including Lithuania (at 1,938%), Netherlands (at 243%), Belgium (at 215%), etc.
It is expected that the upward trend of tuna exports to the EU will continue for this year. As the economies of the Euro are growing strongly again and reaching the same size as the end of 2019 - the time before the Covid-19 pandemic, it has boosted the demand for tuna in recovering EU countries. In addition, the tariff preferences as agreed in the Free Trade Agreement between Vietnam and the EU (EVFTA) resumed in the first months of 2022 are creating a driving force to promote Vietnam's tuna exports to this market.
However, this year, due to the escalating conflict between Russia and Ukraine, Vietnamese tuna processing and exporting enterprises will continue to face challenges such as increased transportation costs and production costs (the price of preprocessed fish, sunflower oil, etc.) increased. These issues are expected to affect product prices and reduce the competitiveness of tuna enterprises in target markets such as the EU.
Currently, the whole country has 48 enterprises participating in exporting tuna to the EU market, in which Tuna Vietnam, Bidifisco, and Nha Trang Bay are the 3 largest tuna exporting companies to the EU market, accounting for 57% of the total tuna export value to this market in 2021.
| VIETNAMESE EXPORTS OF TUNA TO THE EU, JAN 2022 | ||||
| No | Market | Jan 2022 | % | Growth |
|
1 |
Netherlands |
3.478 |
23.3 |
242.8 |
|
2 |
Germany |
2.034 |
13.6 |
53.3 |
|
3 |
Lithuania |
1.499 |
10.0 |
1,937.50 |
|
4 |
Belgium |
1.456 |
9.7 |
215.2 |
|
5 |
Spain |
1.398 |
9.3 |
227.4 |
|
6 |
Italy |
1.318 |
8.8 |
-45.8 |
|
7 |
Rumania |
1.312 |
8.8 |
179.1 |
|
8 |
Croatia |
0.441 |
2.9 |
22.1 |
|
9 |
Denmark |
0.381 |
2.5 |
215.2 |
|
10 |
Sip |
0.379 |
2.5 |
|
|
11 |
France |
0.319 |
2.1 |
-15.8 |
|
12 |
Greece |
0.266 |
1.8 |
183.9 |
|
13 |
Portugal |
0.247 |
1.7 |
-45.6 |
|
14 |
Slovenia |
0.135 |
0.9 |
61.3 |
|
15 |
Sweden |
0.122 |
0.8 |
4.8 |
|
16 |
Czech |
0.121 |
0.8 |
214.3 |
|
17 |
Finland |
0.05 |
0.3 |
-43 |
| Total | 14.956 | 100 | 81.5 | |
(seafood.vasep.com.vn) On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(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.
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