Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Image: Vasep / FIS

Positive Signals from Tuna Export Markets

Click on the flag for more information about Viet Nam VIET NAM
Friday, May 24, 2024, 07:00 (GMT + 9)

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%.

Source: Vasep

HS16 tuna exports are increasing

In the past 5 years, Vietnam's processed and canned tuna exports have tended to increase. In the first 4 months of the year alone, the export turnover of this product group has increased from 91 million USD in 2020 to 154 million USD in 2024, an increase of 70%. In particular, Vietnam's canned tuna exports are gradually recovering, higher than the same period in 2019, before the Covid pandemic.

Source: Vasep

On the contrary, exports of fresh and frozen tuna, mainly frozen tuna meat/loin with HS0304 code, are unstable. After peaking in 2022, exports of this product group decreased sharply. Entering 2024, export of product groups has increased again, but the increase is not high - up 6% over the same period.

SourceStockfile FIS -->

According to experts' forecasts, convenience is key for shoppers and value-added seafood that is pre-marinated or ready to heat and eat will continue to attract buyers looking to create combination meals to combine cooking with prepared dishes. Therefore, consumption demand for processed and canned tuna products will improve in the near future.

Exports to major markets accelerated

Entering April 2024, Vietnamese tuna products were exported to more than 90 markets. In particular, tuna exports to main markets such as the US, EU, Israel, Canada, Japan, or Mexico... all increased faster.

Source: Vasep

In the US and EU markets, Russia and Korea, the export growth rate in April 2024 compared to the same period doubled compared to the previous month, reaching 37%, 71%, 32% and 158% respectively. %. Notably, in the EU market, exports to the three leading markets, Italy, Germany and the Netherlands, all grew "gallopingly" at 3 digits.

Along with that, tuna exports to some markets have reversed and increased, such as Japan increased by 33% and Mexico increased by 43%.

<-- Source: Stockfile FIS

However, according to businesses, this growth is due to a decrease in inventory in the markets, but actually market demand is still better.

Currently, the tuna industry is still constrained by a lack of raw materials, because the catch is not enough to meet demand, so it must increase supply from imports. Meanwhile, EU market regulations and Vietnam's new regulations on "Do not mix TS materials originating from imported exploitation with TS materials originating from domestic exploitation in the same export shipment" in Decree 37/2024/ND-CP and regulations on administrative sanctions for this behavior in Decree 38/2024/ND-CP are making this bottleneck more congested.

Author: Nguyen Ha | Vasep (Translated from the original in Vietnamese)

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Argentina
Jun 21, 01:00 (GMT + 9):
Excellent Shrimp Catches
European Union
Jun 21, 01:00 (GMT + 9):
The EU is ready to ratify the High Seas Treaty (BBNJ)
Japan
Jun 20, 13:00 (GMT + 9):
IN BRIEF - Amendment to the law on the management of large bluefin tuna has been enacted
India
Jun 20, 07:00 (GMT + 9):
India’s seafood exports reach record high
Netherlands
Jun 20, 07:00 (GMT + 9):
The Hague Tribunal Supports Policy Freedom in BAR Funds Distribution
Viet Nam
Jun 20, 07:00 (GMT + 9):
China and CPTPP Sustain Growth in Vietnamese Pangasius Imports
Russian Federation
Jun 20, 07:00 (GMT + 9):
Over 5 Million Scallop Juveniles Released into Primorie's Marine Farms
Marshall Islands
Jun 20, 06:50 (GMT + 9):
Marshall Islands fisheries agency wins ‘Stop IUU Fishing’ award
Russian Federation
Jun 20, 05:00 (GMT + 9):
IN BRIEF - Thanks to labeling, 26 new caviar producers have appeared in Russia
European Union
Jun 20, 02:00 (GMT + 9):
IN BRIEF - Europêche, asks Von der Leyen to guarantee neutrality until the new Commission is established
Japan
Jun 20, 01:00 (GMT + 9):
IN BRIEF - Seafood retailer Sansho to file for bankruptcy
United States
Jun 20, 01:00 (GMT + 9):
IN BRIEF - Hawaii Longline Fishery sees revenue decline
Argentina
Jun 20, 01:00 (GMT + 9):
Coast Guard Oversees Modernization of Vessel to Reduce Carbon Emissions
Spain
Jun 20, 01:00 (GMT + 9):
The Spanish sector takes distance itself from 'plant-based' products
Norway
Jun 20, 01:00 (GMT + 9):
Salmon Evolution ASA: Contemplated Private Placement and Increased Debt Financing



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Shell processing plant suspends operation, 20 staff laid off
Canada The following is an excerpt from an article published by CTV News: Coastal Shell Products in Richibucto, N.B., has suspended all operations. The company made the announcement in a news release ...
Orpagu and ABANCA strengthen ties to improve the financing and modernization of the fishing fleet
Spain • The new deal includes a variety of credit solutions tailored to address the industry's key challenges  • Products such as the naval mortgage stand out, which will allow longliners ...
Shrimp and Squid, Main Topics of the CFP
Argentina Data on the current shrimp (Pleoticus muelleri) season were presented and the possibility of prospecting new areas was left open. A summary of the topics addressed in the illex monitoring commission w...
VARD hosts a christening ceremony for the third VARD 8 02 design stern trawler
Norway Naming ceremony for stern trawler Sørkapp VARD 8 02 stern trawler design was developed by VARD in close collaboration with Nergård Havfiske Nergård Havfiske and VA...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER