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) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
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