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Archive for the ‘General’ Category

Four main factors for increase in Vietnamese tuna export in 2012

Friday, April 26th, 2013

In 2012, Vietnam’s tuna exports reached US$569.4 million, up 50.1 percent on that of 2011. Vietnam sent tuna products to 96 markets, the same level of the previous year.
In the last quarter of 2012, Vietnam earned US$133 million from tuna export, down 11.3 percent from the previous quarter but up 40.7 percent from the same quarter of 2011.
There are 4 main factors for the increase in Vietnamese tuna export:
– Bumper crop of tuna by three main producing provinces including Phu Yen, Binh Dinh and Khanh Hoa and higher imports of raw tuna for processing and exporting.
– Lower catch volume in some producing countries such as in the Philippines and Thailand.
– Pacific bluefin tuna down 96.4 percent in stocks
– Stronger demand from key importing markets: In 2012, some key markets, including the U.S., the EU and Japan showed stronger demand for tuna products.

Source: Vasep

Switzerland is an optimistic market for Vietnam tuna

Friday, April 26th, 2013

Switzerland totally depends, for tuna import, from other European countries to meet domestic consumption. Average tuna consumption per capita in the market is 8.5 kg per year. According to the Centre for the Promotion of Imports from developing countries (CBI), fresh and frozen tuna imports into the market changed in each year. During 2006 to date, the market imported a record amount of 62,000 MT fresh tuna in 2007 with a sharp growth in fresh tuna imports from developing countries. However, during 2008 – 2011, fresh tuna imports from global suppliers in general and suppliers in developing countries in particularly were on the wane of 77 percent to 95 percent. Main suppliers of fresh tuna for Switzerland were Spain (43 percent), France (36 percent), Philippines (12 percent) and India (5 percent). Frozen tuna imports into Switzerland between 2006 and 2011 oscillated in line with sine graph. Frozen tuna imports from European countries, mainly France and Italy reported the sharpest growth with the volume of 11,000 MT. Among developing countries, Vietnam held the lead in exporting its frozen tuna to this market. Processed tuna imports into the market from developing countries remained stable and reported a slight growth from 2006 (7,000 MT) to 2011 (7,700 MT). Thailand, Vietnam and, Indonesia were the biggest exporters of this item to Switzerland. According to Vietnam Customs, tuna exports were on the upward trends of 233 percent from US$1.808 million in 2009 to US$6.034 million 2012. In the first two months of 2013, tuna exports tended to increase and till the end of Feb 2013, tuna exports to Switzerland reached US$708,818, increasing twofold against the same period of 2012. Canned tuna was Vietnam’s main exported item to the market with threefold growth in volume from 2009 through 2012, pushing proportion of exported tuna to Switzerland to 1.06 percent from 0.8 percent. Despite being small importer of tuna, Switzerland is an optimistic market for Vietnam tuna exporters.

Source: Vasep

Pangasius export price to the U.S. up to 10 percent

Friday, April 26th, 2013

Duong Ngoc Minh, Vice Chairman of Vietnam Association of Seafood Exporters and Producers (VASEP) said that the price of pangasius exported to the U.S. market has increased to US$3.56 per kilogram for standard products and US$3.75 per kilogram for high quality products, up to 10 percent (US$0.3 – 0.4) compared to the price recorded in the middle of March. At that time the DOC published its decision to raise the antidumping tax on Vietnam pangasius in the eighth administration review (POR8) The higher price of pangasius shows that the U.S. market still has high demand for pangasius imported from Vietnam. In March 2013, U.S. import of pangasius from Vietnam plunged while a recent market study reported that domestic fish inventory fell to a low level. U.S. buyers were pushed to import more pangasius to supply the market. Mr. Minh predicted that import would recover in April. Export price is expected to increase by US$0.1 – 0.15 per kilogram in the third quarter of 2013 due to short supply of pangasius and rising price of other species in the U.S. market. In the first two months of this year, the U.S imported 29,2 million pounds of frozen pangasius fillet from Vietnam, 18.6 percent down over the same period of last year.

Source: Vasep

Pangasius exporters to seek a lawsuite to CIT against the DOC’s final decision of POR8.

Monday, April 8th, 2013

In March 20th, 2013, representatives from 16 pangasius companies subjected to the antidumping duty on frozen pangasius fillets gathered and reached an agreement to sue the U.S. Department of Commerce (DOC) over the Court of International Trade (CIT), according to Truong Dinh Hoe, General Secretary of Vietnam Association of Seafood Exporters and Producers (VASEP). VASEP are studying all options to file the lawsuit. The Association focuses on the DOC’s unfair decision in selecting Indonesia instead of Bangladesh to be surrogate country to value inputs of Vietnam raw pangasius used in processing. VASEP requires the DOC to reconsider its new antidumping duty, which is at unreasonably high level, because it will hurt Vietnamese pangasius companies and the fish industry as well. In the final results, the DOC based its valuation of whole live fish prices – the primary input in the fish fillet case – on one Indonesian government pricing study which was not based on actual prices, but on calculated national averages from a handful of districts. So it is also reviewing calculations before the official announcement in Federal Register.

Source: Vasep

Vietnam Tuna Export, Jan – Feb 2013

Monday, April 8th, 2013

Source: Vasep

Vietnam tuna industry face challenges in 2013 !

Friday, March 22nd, 2013

Vietnam tuna exports in 2012 have posted a double growth of 50 percent from 2011 and reached US$569 million although economies in some main tuna importing countries are already in recession. In 2012, tuna landings of three main provinces went up sharply; raw tuna imports to carry out the processing contracts signed with foreign partners edged up; Declining in tuna catches in some other tuna producing countries gave advantages to Vietnam and high demand from tuna consumer markets are important factors in boosting tuna exports of Vietnam. According to Ministry of Agriculture and Rural Development (MARD), tuna catches in three main central provinces in 2012 were estimated to gain over 19,000 MT, up 80.95 percent year on year. In addition, tuna exports from Philippines and Thailand saw a decrease due to contraction of raw tuna. Thus, in 2012, thanks to high tuna catches, Vietnam tuna processors had enough raw materials for processing and gained more advantages compared to neighboring countries. However, in 2013, Vietnam tuna industry will face difficulties in improving quality, ensuring raw material supply and in consumer markets. At the beginning of 2013, tuna catches reported by provinces were on the upward trend. But tuna catches this year are projected to dwindle due to unfavorable weather conditions. Global tuna consumption in 2012 remains stable, even higher in main consumers (the U.S., EU and Japan) despite ongoing sovereign debt crisis in Europe and bleak global economy. However, in 2013, European economies remains fragile which badly affected trade activities in the region. In 2013, Vietnam will be close to become an official member of the Western and Central Pacific Fisheries Commission (WCPFC). Thus, Vietnam is forced to control more closely tuna fishing activities and preservation of tuna stock. Seafood exports in the first quarter of 2013 was at the same time with Chinese New Year holiday, so tuna exports are expected to reach US$130 million, up 1.7 percent over QI/2012 and down 0.8 percent over QIV/2012. Total tuna exports in the whole 2013 are projected to achieve over US$580 million, up 2.3 percent over 2012. Besides EU, tuna exports to the U.S. in 2013 will encounter more hardship but tuna export value to new markets such as Asia, the Middle East will increase by 20- 60 percent over the previous year.

Source: VASEP

Germany is still a potential market of Vietnam tuna

Friday, March 22nd, 2013

In 2012, Ecuador doubled its canned tuna volumes to Germany to keep the top position in tuna supply to the market. The Philippines, which had been the market leader since 2009 – fell to the second. Thailand, Indonesia, Papua New Guinea, Seychelles and the Netherlands are the next ones in the list of leading tuna exporters to Germany.

As of Jan 2013, within the EU block, Germany is the largest importer of Vietnam tuna. Since 2009, Vietnam mainly exported processed/canned tuna products to the market with the value proportion of 82.9 percent. However, the figure was small on par with Germany’s total canned tuna imports.According to report from Centre for the Promotion of Imports from developing countries (CBI), Germany’s fresh tuna imports from developing countries made up about 40 percent of total imports. In which, imports from Sri Lanka took 51 percent, Yemen with 26 percent and Philippines with 7 percent. Three these countries were also main tuna exporters to the market.

During 2006 – 2011, developing countries’ fresh tuna volumes to Germany dropped from 213 MT to 28 MT in 2011, less than 86 percent. As a result, Germany strengthened buying tuna from EU members to compensate for the shortage. In contrast, Germany’s frozen tuna imports from developing countries increased by 40 percent from 45 MT to 63 MT in 2011 with the proportion of 33 percent in total frozen tuna imports to the market.
Vietnam and Indonesia have been two main suppliers of frozen tuna for Germany since 2007. Developing countries mostly supplied yellowfin, albacore and bigeye tuna for the market.

Tuna market in Germany depends mostly on imported tuna, domestic tuna production made up 21 percent. In the near future, it is expected that Vietnam exporters can remain and expand their market share in the market.

Source: Vasep

U.S. Department of Commerce Issues An Unlawful & Punitive Final Determination in Frozen Fish Fillets Antidumping Case

Tuesday, March 19th, 2013

The US DOC has issued its final determination in the 8th administrative review of the antidumping case on fish fillets, making an unlawful and politically motivated decision to levy punitive duty rates on Vietnamese fish exporters in excess of 100%.

This radical departure from 8 years of legal precedent relates to the use of a new surrogate country, Indonesia, to value inputs of raw materials used in fish processing. Because Vietnam is considered to be a “non market economy” by the US Government, the US DOC uses third country prices to value Vietnamese inputs.

Indonesia has been rejected in prior reviews due to poor data quality and lack of viable financial statements. The DOC itself declared that Indonesia is not “economically comparable” to Vietnam for a majority of the months covered by the review period, and then barred Vietnam from citing to this decision on the untenable position that it was “new information.”

In the final results, the DOC based its valuation of whole live fish prices – the primary input in the fish fillet case – on one Indonesian government pricing study which showed radical fluctuations in pricing and was not based on actual prices, but on calculated national averages from a handful of districts.
The DOC engineered this punitive result after intense political lobbying on behalf of the US domestic industry, the Catfish Farmers of America (CFA). There was no attempt to hide the multiple high-level meetings and lobbying efforts made on behalf of the CFA directly to the DOC. It clearly draws into question the fairness of the process and the alleged “neutral” nature of the DOC decision-makers. Vietnamese respondents have fully cooperated with DOC through multiple on-site verifications and the filing of full and complete responses and data over nearly 18 months.

For the past 8 years, the DOC has consistently used Bangladesh to value Vietnamese fish inputs, continually rejecting Philippines and Indonesia due to the poor quality of the pricing data, the lack of publicly available financial data, and the fact that these countries have no exports to other countries. No material changes had been made to these facts in this review.

Bangladesh is farming Pangasius Hypophthalmus in ponds like Vietnam. Producers in the two countries share the reasonably comparable production cost and revenue. While Indonesia farms five different catfish species. Thus, there is even no specific data in its output of Pangasius Hypophthalmus.

In fact, the DOC continued to follow this well-reasoned policy even through the most recent new shipper review, published only a few weeks ago. There was no record evidence in the 8th review that Indonesia had improved its position as a viable surrogate country or that the data was any more reliable. We must therefore believe that domestic politics played a very obvious role in this decision.

The final duty rates for the reviewed companies – although not effective until a final determination is made – average between $0.19/kg and $1.34/kg, with all other separate rates companies receiving a $0.77/kg duty rate. These exceed 100% in additional duties. These rates effectively bar the reviewed Vietnamese exporters from the US market and are punitive, not remedial.

VASEP, together with individual fish exporters and the relevant trade remedy bureaus of the Vietnamese Government are studying all options in addressing this punitive result and its legality under U.S. law and the WTO. Further, there will be a comprehensive review of its impact on bi-lateral relations.

Source: VASEP

Vietnam’s top 10 pangasius import markets in 2012

Tuesday, March 5th, 2013

In 2012, Vietnam exported its pangasius to 142 nations and territories, increasing from 136 ones in 2011, reaching value of US$1.744 billion, decreasing by 3.4 percent compared to 2011.

The top 10 main markets included: EU, the U.S., ASEAN, China and Hong Kong, Mexico, Brazil, Egypt, Saudi Arabia, Colombia and Australia, occupying 77.5 percent of total pangasius export value. Among them, up to 7 markets reduced pangasius imports with the biggest drop in exports to EU and Saudi Arabia fell most sharply. The 3 remaining markets including the U.S., China and Hong Kong, Egypt respectively increased 8.2 percent, 31.5 percent and 29.1 percent, however, the increases was much lower in comparison with previous years.

Source: Vasep

Vietnam Tuna Export in January 2013

Thursday, February 28th, 2013

In January 2013, Vietnam exported US$47.9 million of tuna products, up 47.1 percent from January 2012.
Shipment to Mexico reached the highest growth of 1,853 percent.

Source: Vasep