Up to now, Spain is still the leading country in Europe in terms of production, consumption, import, and export of frozen seafood. This is also the gateway and "big fish market" connecting many markets in this area.
In the first quarter of 2022, after more than 3 years of dismal pangasius exports to this market, the export value increased by 67.5%, reaching nearly $4.9 million. Up to now, Spain is the 4th largest export market in the EU for Vietnamese pangasius enterprises.
In the first three months of this year, there were about 20 Vietnamese pangasius enterprises exporting to Spain, the largest of which were C.P Vietnam Joint Stock Company (in Ben Tre), NAVICO, and HAPPY CORP.
Last month, Spain proposed sanctions against Russia after the outbreak of hostilities in Ukraine such as not importing white fish from Russia, and banning Russian fishing boats from docking in Spanish ports and ports of other member countries of EU.
Spain's move to "make it difficult for whitefish products" from Russia also poses many difficulties to their own businesses because many Russian and Spanish workers working on fishing boats in Russian waters have to unload goods outside of Spain and the EU.
The EU's whitefish fishing industry is also facing other difficulties such as fuel oil prices increasing by more than 7%, plus an increase of more than 100% over the last two years due to the pandemic; lack of cargo containers due to ships having to transport outside the war region.
Spain is the fishing center of Europe and is a large "market" in this area, so its trading in seafood products such as squid, octopus, shrimp, crab... (belonging to HS 0307 and 0306) is very dynamic. This country is also a major exporter and importer of seafood products in this region.
Currently, the whitefish importers of Spain and the EU are facing difficulties due to inflation and rising prices of seafood and aquafeed. Cod products and Russian Alaska pollock are in short supply. Therefore, at the upcoming Global Seafood Expo 2022 in Barcelona, Vietnamese pangasius enterprises look forward to having more orders from these importers. The EU in general and Spain, in particular, are considering solutions to solve the problem of food security, so it is possible to find more customers and sign new contracts.
Compiled by Minh Trang
Image source: Seafood Expo Global
(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.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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