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
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.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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