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 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.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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