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Increase competition in the Mexico tuna market
08:41 06/14/2022

(seafood.vasep.com.vn) Russia's military campaign in Ukraine is having a comprehensive and profound impact on the world tuna market, affecting production and export activities of countries, including Vietnam.

(seafood.vasep.com.vn) After a continuous decline in 2021, Vietnam's tuna exports to Peru spiked in January 2022, with a rate of 2,290% over the same period in 2021.

(seafood.vasep.com.vn) According to statistics of Vietnam Customs, Vietnam's tuna exports to the EU in 2021 were nearly equivalent to 2020, reaching US$144 million, up 6 %. However, tuna exports to countries in the bloc have changed and most notably to the French market.

(seafood.vasep.com.vn) In November 2021, Vietnam's tuna exports continued to grow strongly by 51% over the same period in 2020, reaching more than 78 million USD. It is estimated that tuna exports in December will also grow at the same rate, and is estimated at about 85 million USD, bringing the total value of tuna exports in 2021 to about 757 million USD.

(seafood.vasep.com.vn) In the first 10 months of 2021, Australia is one of the few markets with high triple-digit growth in Vietnam's tuna imports. According to statistics of Vietnam Customs, Vietnam's tuna exports to this market reached nearly $2.7 million, up 103% over the same period last year. Continuously from the beginning of the year, Vietnam's tuna export value has grown continuously.

(seafood.vasep.com.vn) In the first 10 months of 2021, Vietnam's tuna export value to the Middle East reached US$57.5 million, an increase of 15% over the same period in 2020. The Middle East continues to be a market. Vietnam's fourth largest tuna exporter after the US, EU and CPTPP. Currently, there are many tuna companies redirecting their exports to the Middle East markets.

(seafood.vasep.com.vn) Ocean tuna is a key export product of Binh Dinh province's seafood industry. Therefore, this locality has constantly come up with solutions to help fishermen safely stick to the sea to catch. The Binh Dinh Ocean Tuna Production and Consumption Chain Project has and will help tuna products have stable output and high selling prices.

(seafood.vasep.com.vn) After two consecutive months of decline due to social distancing to prevent the Covid-19 epidemic, Vietnam's tuna exports increased again in October after localities eased. and reopen to resume production. Tuna export value in October reached $73 million, up 12% over the same period in 2020 and 17% higher than the same period in 2019, the time before the pandemic.

(seafood.vasep.com.vn) While Vietnam's tuna exports to major markets such as the US, EU and CPTPP declined, exports to China increased. According to Customs statistics, the total value of tuna exports to this market in the first nine months of 2021 reached more than $4 million, up 66% over the same period in 2020.

(seafood.vasep.com.vn) Canada is one of the five largest tuna export markets of Vietnam in the past three years. While tuna exports to large traditional markets such as the US and EU countries in 2021 are not stable, exports to Canada are on a good growth trend. In the first 9 months of 2021, the export value of tuna to this market increased by 22% over the same period to over 23 million USD.

(seafood.com.vn) In the first 9 months of 2021, Vietnam's tuna exports reached nearly 521 million USD, up 9% over the same period in 2020. Up to now, a number of industrial parks in the Central and South Central regions have started for businesses. working again.

(seafood.vasep.com.vn) While Vietnam's tuna export markets all declined in August, China is one of the few markets with positive growth compared to the same period in 2020. Tuna exports to this market in August 2021 increased by 8% over the same period in 2020, reaching 286,000 USD. In the first half of September 2021, the export value to this market increased sharply by 332% over the same period last year.

(vasep.com.vn) While Vietnam's tuna exports to main markets mostly decreased in August 2021, tuna exports to Mexico increased by nearly 263% over the same period in 2020 and reached the level almost equivalent to August 2019, the time before the pandemic. Previously, after a continuous decline in the first quarter, Vietnam's tuna exports to this market tended to grow continuously at a high level since April. Cumulatively in the first 8 months of 2021, the export value of tuna to this market reached more than US$ 9.3 million, an increase of 97% over the same period in 2020. With this result, Mexico becomes a promising market for Vietnamese tuna.

(seafood.vasep.com.vn) As of August 15, 2021, the total value of Vietnam's tuna exports to the Israeli market increased by 34% over the same period in 2020, reaching nearly 25 million USD, accounting for 5 .6% of total tuna export value. Israel continues to be Vietnam's third largest single tuna export market after the US and Italy.

(seafood.vasep.com.vn) By the end of July 2021, the total value of Vietnam's tuna exports reached US$420 million, an increase of 20% over the same period in 2020. In July 2021 alone, Vietnam's tuna export value reached nearly $65 million, up 1.7% over the same period in 2020.


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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