According to statistics of Vietnam Customs, tuna export turnover to Belgium in the first 7 months of 2022 reached more than 12 million USD, up 95% compared to the same period in 2021. Among exported products, Belgium mainly imports frozen tuna meat/loin products (HS code 0304) from Vietnam, accounting for 91% of the total tuna export value to this market.
Currently, there are about 20 Vietnamese enterprises exporting tuna to the Belgian market. Trang Thuy Seafood, Bidifisco and Tithico are the 3 exporters with the largest export value to this market in the first 7 months of 2022.
Before, the Belgian tuna market was heavily dependent on suppliers from other EU countries, such as the Netherlands rather than imported from sources outside the bloc. However, due to limited imports from EU sources in the first months of 2022, Belgium is increasing tuna imports from non-EU countries.
According to ITC statistics, Belgium's tuna imports from non-EU sources are increasing rapidly in the first five months of 2022, up 49% over the same period in 2021.
Among the 20 sources outside the EU, Ecuador, the Philippines and Vietnam were the 3 largest tuna suppliers to this market in the first 5 months of 2022. Tuna imports from these three sources in this period all increased sharply, but the growth rate of imports from Vietnam was slower. With the advantage of a strong fishing fleet, Ecuador and the Philippines are rapidly expanding their market share in Belgium.
Tuna suppliers (outside the EU) to Belgium May 1, 2021 – 2022 (Thousand USD) |
|||
Supplier |
Jun-May/2021 |
Jun-May/2022 |
Change (%) |
Total |
15,844 |
23,553 |
48.7 |
Ecuador |
2,810 |
7,213 |
156.7 |
Philippines |
2,220 |
5,188 |
133.7 |
Vietnam |
3,170 |
5,068 |
59.9 |
Korea |
859 |
1,731 |
101,5 |
Sri Lanka |
1,407 |
1,100 |
-21.8 |
Thailand |
376 |
379 |
0.8 |
Papua New Guinea |
1,436 |
584 |
-59.3 |
Mauritius |
1,247 |
388 |
-68.9 |
Morocco |
235 |
176 |
-25.1 |
Indonesia |
92 |
217 |
135.9 |
Top 10 Vietnam tuna exporters to Belgium, Jan-May/2022 |
|
No |
Company |
1 |
Trang Thuy Seafood Co., Ltd |
2 |
BIDIFISCO |
3 |
TITHICO |
4 |
HAI TRIEU COMPANY LIMITED |
5 |
VIET SEA VN CO., LTD |
6 |
GOLDEN SHRIMP JSC |
7 |
Hai Son Food Co.Ltd |
8 |
BA HAI JSC |
9 |
KIEN GIANG TRADING JOINT STOCK COMPANY |
10 |
FOODTECH JSC |
Compiled by Thuy Linh
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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