The raw material problem of canned tuna exported to the EU
09:02 09/11/2024

(seafood.com.vn) Over the past 3 consecutive months, Vietnam’s tuna exports to South Korea have been growing at a triple-digit rate. Notably, tuna exports to this market in June reached a record high. The export value to this market reached nearly $6 million, nearly 6 times higher than the same period in 2023.

(seafood.vasep.com.vn) In 2023, Vietnam's tuna exports to Spain continuously declined. This decreasing trend continued in the first 2 months of the year. However, since March 2024, Vietnam's tuna exports to this market have grown continuously at a high level over the same period.

Tuna exports are projected to reach 456.8 million USD in the first half of 2024, a year-on-year increase of 20%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Binh Dinh Marine Essence Festival 2024, themed 'Binh Dinh - Sea Aspiration,' will take place from July 11th to 15th.

(seafood.vasep.com.vn) Vietnam's canned tuna exports continue to grow rapidly in the first months of 2024. In April 2024 alone, canned tuna exports to this market increased by 127%, reaching more than 10 million USD. Cumulatively, in the first 4 months of 2024, exports to this market reached more than 38 million USD, up 102% over the same period in 2023 and up 25% over the same period in 2022.

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, tuna exports in April 2024 grew high in most main markets. Tuna export value this month reached nearly 87 million USD, an increase of 29%. Accumulated in the first 4 months of 2024, export turnover of tuna reached nearly 302 million USD, an increase of 22%.

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, tuna exports in April 2024 grew high in most main markets. Tuna export value this month reached nearly 87 million USD, an increase of 29%. Accumulated in the first 4 months of 2024, export turnover reached nearly 302 million USD, an increase of 22%.

(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.

(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.

Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.

(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.

(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.

(seafood.vasep.com.vn) Since the end of 2023, Vietnam's tuna exports have tended to recover and are expected to increase again in 2024, especially in the year's second half.

(seafood.vasep.com.vn) Entering 2024, Vinh Hoan Corp showed signs of improvement right from the beginning of the year when it reached a revenue of 921 billion VND, an increase of 102% over the same period last year. Vinh Hoan Joint Stock Company (MCCK: VHC) has just announced its business results for January 2024, with revenue reaching 921 billion VND, an increase of 102% over the same period last year and an increase of 13% compared to December 2023. This is also the highest result in the past 8 months.


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