Source: Kinhtedouong.vn
Vietnam’s tuna exports reached 382 million USD in the first 6 months of the year.
According to a new report released by the Association of Seafood Exporters and Producers (VASEP), 2023 is a challenging year for the Vietnamese tuna industry, with rising raw tuna prices and demand in other markets. large decrease. Therefore, from the beginning of the year until now, Vietnam’s tuna exports have continuously declined over the same period. VASEP said that exports of fresh, frozen and high-value dried tuna products were still lower than in the same period last year. The export value of this product group decreased by 46% over the same period.
Meanwhile, exports of processed and canned tuna products increased. The export value of processed and canned tuna products in the first six months of the year reached nearly $175 million, up 4% over the same period. However, this increase is mainly due to rising prices.
Regarding the market, VASEP experts said that tuna exports to main markets such as the US, Japan, Canada, etc. have not shown any signs of recovery. Meanwhile, exports to the EU, Mexico, Israel and Thailand are recording high growth over the same period.
Tuna exports to the US continued to decline in June 2023, reaching nearly $26 million, down 48% over the same period. Therefore, in the first 6 months of 2023, the value of tuna exports to the US is only half of the same period last year, reaching 143 million USD.
Americans are choosing canned tuna that suits their wallets amid tough inflation. Currently, the amount of tuna inventory in the US has begun to decrease, importers are considering increasing imports again. However, currently tuna prices in South America are lower than in Asia, which is increasing competition in this market.
Besides, for the EU, tuna exports to this market have grown continuously in the past 2 months. Specifically, after growing in May 2023, tuna exports to the EU continued to grow in value in June, up 28% to more than $12 million. As a result, cumulatively in the first 6 months of 2023, tuna export turnover to the EU is equivalent to the same period last year.
After growing in May 2023, tuna exports to the EU continued to grow in value in June, up 28% to more than $12 million. As a result, cumulatively in the first 6 months of 2023, tuna export turnover to the EU is equivalent to that of the same period last year.
Notably, in this market block, exports to the Netherlands have continuously grown “gallopingly” in the last 2 months at 3 digits. Along with the Netherlands, tuna exports to Germany are also maintaining good growth, with an increase of 30% in June. Meanwhile, exports to Belgium are still lower than the same period.
