Tuna exports to France last year increased by nearly 103% compared to 2020, reaching more than 3 million USD. In the fourth quarter of 2021 alone, tuna exports to France reached nearly $1.1 million, an increase of 99% over the same period in 2020. In general, tuna exports to this market grew strongly in the second half of 2021.
The structure of tuna exports to France is also very diverse. In which, accounting for the highest proportion is frozen tuna meat/loin with HS code 030487 and canned tuna with HS code 160411, accounting for 49% and 47% of the total tuna export value to the market, respectively.
In 2021, there are 7 enterprises exporting tuna to the French market, of which the 2 companies with the largest export value are Halong Canfoco and Bidifisco.
According to statistics of the International Trade Center (ITC), France's tuna imports are on an uptrend and this country is the second largest tuna importer in the EU after Spain. Besides, France once again became the main importer of canned tuna in this market block in the past year. French canned tuna imports in 2021 reached the highest level in the past 5 years.
Vietnam is currently one of the 15 largest tuna suppliers to this market outside the EU. While tuna exports of countries such as Indonesia or Thailand to this market decreased, Vietnam's exports increased. Therefore, it is forecast that Vietnam's tuna exports to this market will continue to increase this year, especially when the preferential tariff quotas for Vietnam's tuna products as agreed in the Free Trade Agreement between Vietnam and the EU (EVFTA) is restarted.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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