Viet Nam - the largest supplier of frozen yellowfin tuna to Italy

(seafood.vasep.com.vn) Despite the decrease in 2015, Italy's tuna imports in 2016 had recovered. In Jan-Aug 2016, Italy’s tuna imports totaled US$563 million, up 5.3% compared to the same period in 2015. In late 2016, thanks to higher demand for holidays, tuna imports into the country expected to continue the rise.

Imports of canned & processed tuna (HS code 16) into Italy made up the largest share, followed by those of fresh/chilled/frozen tuna (HS code 03) and frozen tuna loins/fillets (HS code 0304). In the first 8 months of this year, imports of canned tuna into Italy amounted to US$459 million, up 1.5% year on year. At the same time, imports of fresh/chilled/frozen tuna (HS code 03) and frozen tuna loins/fillets (HS code 0304) also rose by 22.4% and 42.3%, respectively, over a year before.

TUNA IMPORTS INTO ITALY BY PRODUCTS (thousand US$)

Products

Jan-Aug 2015

Jan-Aug 2016

Variation (%)

Total

534,260

562,663

5.3

Processed & canned tuna (HS code 16)

452,027

458,750

1.5

Fresh/chilled/frozen tuna (HS code 03)

65,771

80,494

22.4

Frozen tuna loins/fillets (HS code 0304)

16,462

23,419

42.3

Italy currently increased imports of tuna from Viet Nam. As of Oct 2016, Vietnam’s tuna exports to Italy valued at over US$27 million, up 147% compared to the same period last year.

Vietnam’s exports of fresh/live/frozen/dried tuna (HS code 03) to this market took up a large proportion. Exports of the items to Italy in the first 10 months of this year reached US$18 million, up 69% from the prior year. In particular, Vietnam’s exports of other processed tuna to Italy increased sharply, with the value of US$9.4 million. Therefore, exports of processed & canned tuna to the market increased by 2.3% over the same same period last year, although exports of canned tuna fell.

Vietnam claimed as the 9th largest supplier of tuna to Italy.

TUNA IMPORTS INTO ITALY BY MARKETS

Suppliers

Jan-Aug 2015

Jan-Aug 2016

Variation (%)

Ecuador

37,219

44,714

20.1

Mauritius

30,694

44,104

43.7

Côte d'Ivoire

14,959

42,477

184.0

Indonesia

35,907

39,618

10.3

Seychelles

25,964

34,014

31.0

Solomon Islands

26,934

24,141

-10.4

Thailand

24,762

18,281

-26.2

South Korea

11,890

15,380

29.4

Viet Nam

9,200

15,296

66.3

El Salvador

10,923

14,721

34.8

Others

305,808

269,917

-11.7

Total

534,260

562,663

5.3

Fresh/chilled/frozen tuna (HS code 03) and frozen tuna loins/fillets (HS code 0304) from Asian countries currently picked up a large share in Italy. South Korea, Viet Nam, Thailand and the Philippines were respectively 4 largest suppliers to Italy. Viet Nam ranked the 2nd with the proportion of 11.6% in total imports of fresh/chilled/ frozen tuna into Italy. Meanwhile, Thailand and the Philippines accounted for 5.3% and 5.1%, respectively.

In particular, Vietnam’s exports of frozen yellowfin tuna to Italy accounted for the biggest share of 27% in Jan-Aug this year, despite being subject to higher tax (3.7%) than the Philippines and South Korea (0%). Meanwhile, imports from South Korea accounted for 13%, Thailand with 12% and the Philippines with 11.6%.

Written by Nguyen Ha

Compiled by Dieu Thuy


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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