Vietnam tuna industry faces challenges in 2013

February 28th, 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 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 material 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: Vietfish

Vietnam Tuna Export, Jan – Dec 2012

January 21st, 2013

Source: Vasep

Vietnam Pangasius Export, Jan – Dec 2012

January 21st, 2013

Vietnam pangasius export increased by 2 percent in value over the same time last year. Fish sales abroad are expected to remain the current growth in December. However, the whole year’s revenue could not reach the target.

Source: Vasep

Vietnam Shrimp Export, Jan – Dec 2012

January 21st, 2013

Vietnam shrimp export valued US$2.1 billion from Jan – Dec 2012. The figure showed that it is difficult for the industry to boost the 2012 earnings to the level of US$2.4 billion recorded in 2011.

Source: Vasep

Happy New Year To All – 2013

December 31st, 2012

Portunus Group wishes all our customers and friends a healthy, happy and prosperous New Year!

May all have a fantastic 2013!

Vietnam Swai import into USA increased strongly

December 28th, 2012

In October 2012, Vietnam swai import into the U.S downed 1.4 percent over the same period of last year. However, year to date statistics showed the sharp increase in the fish import into the market with 26.4 percent and reached 185,017 thousand pounds. The total import swai from countries by the U.S in the first ten month of 2012 is 185,851 thousand pounds, up 21.6 percent in comparison with the same period of last year.

Source: Vasep

Holiday Greetings from Portunus Group

December 21st, 2012

Portunus Group wishes all its customers and friends a Merry Christmas!

Vietnam Tuna Export, Jan – Oct 2012

December 5th, 2012


Tuna exports was the mainstay of seafood exports in Jan-Oct 2012

December 5th, 2012

In the first month of 2012, Vietnam tuna exports had sign of decrease. However, between February to October 2012, tuna shipment kept double digit growth from 22.1 – 53.3 percent. In the last months of the year, the growth of tuna exports is stronger and stronger than that of the same period of 2011. Tuna sales abroad to 10 main markets reported a recovery compared to the same period of 2011. Among exported tuna products, raw tuna took the highest proportion. The export value of dried/frozen/ live/fresh tuna products to the U.S., Germany, Italy and Mexico which belonged to top 10 largest importers of Vietnam tuna posted a sharp decline. However, shipment of these products to South Korea, Spain and Tunisia witnessed an impressive growth of 79,866 percent; 1,865 percent and 828 percent, respectively. The export value of canned/ processed tuna reported the highest growth and tend to show increasingly higher growth in the last months of the year. In the period between January and October 2012, the export value of meat/fillet tuna hit US$166.271 million, up 134.48 percent over that of the same period of 2011. The U.S. and Italy were still two largest importers of these products with the proportion of 43.07 percent and 12.15 percent in turn. Spain surpassed Belgium as the third largest importers with the proportion of 5.7 percent. Israel was put into top 5 largest importers of these products from Vietnam with import value of US$6.281 million. This year, the U.S. and Germany still reported the highest import value of canned tuna originated from Vietnam. Tunisia replaced the Switzerland to rank the third position. With the higher growth in imports of these products from Vietnam over 2011, Canada, Libya and Sudan upgraded to be in the list of 10 largest importers. It is scheduled that tuna demand in many markets will be still positive and Vietnam tuna exports will continue to increase till the end of the year. Total export turnover of tuna in 2012 is expected to reach US$600 million, up 57 percent compared to the same period of last year. Potential markets (South Korea, Mexico and Tunisia)

Source: VASEP

Shrimp export to China, Jan – Sep 2011/2012

December 5th, 2012

The local and international media published that China banned importing fresh, live shrimp originated from Vietnam. Some Vietnam shrimp exporters to China showed their concerns to the news. In fact, shrimp shipment to China in the past month was not affected, even exports has been boosted due to the market’s hiking demand for shrimp. On October 23rd 2012, National Agro–Forestry-Fisheries Quality Assurance Department (NAFIQAD) received an announcement from the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of China. AQSIQ informed about China’s temporary halt on importing Vietnam shrimp due to an infectious hypodermal and hematopoietic necrosis virus (IHHNV) detected in some batches of live black tiger shrimp from Vietnam transferred to the country. The volume of shrimp is purchased directly by Chinese traders in Vietnam. On November 14th 2012, NAFIQAD sent the official letter No. 1963/ QLCL-CL1 to live shrimp suppliers to China and regional Agro Forestry Fisheries Quality Assurance Centers of NAFIQAD and requested them to review and make a list of black tiger shrimp seed suppliers; contact with farms and local veterinary agencies in order to control epidemic situation and send testing results of IHHNV by farms and local relevant authorities. According to Vietnam General Office of Customs, Vietnam shrimp exports to China are largely frozen shrimp. In the first 10 months of 2012, frozen raw shrimp exported to the market accounted for 96 percent (US$199 million) of the national total export value of shrimp to China. The rest of 4 percent was dried and processed shrimp. In many past years, China was one of top 5 largest consumers of Vietnam shrimp. In 2011, China ranked the fourth position after Japan, the U.S. and EU with the proportion of 9.3 percent in importing shrimp from Vietnam. In 2012, due to global financial chaos, Vietnam shrimp shipment to China failed to remain the strong growth seen in the previous years. However, the market is still considered as an important partner of Vietnam shrimp exporters because instable shrimp demand from other major markets such as the U.S., EU and Japan. Between January and October 2012, Vietnam shrimp sales to China reached over US$207.2 million, up 12.8 percent over the previous year. While shrimp exports to Japan at this time rose by 6.5 percent, to the U.S. down 16.1 percent and to EU down 25.8 percent. Along with Australia, China is regarded one of two potential markets of Vietnam shrimp in the rest time of the year thanks to China’s high demand for shrimp in the upcoming the New Year and Lunar New Year.

Source: VASEP