Viet Nam’s tuna export turnover in January reached US$88 million, up 108 per cent over the identical interval in 2021, based on the Normal Division of Customs.
The tuna exports grew very strongly to most of Viet Nam’s main tuna export markets.
This confirmed that with the pandemic underneath management, native enterprises had taken the rising demand on the earth market to spice up exports, based on the Viet Nam Affiliation of Seafood Exporters and Producers (VASEP).
The enterprises have enhanced manufacturing and met rising export orders in order that they’ll make the most of the incentives of the Complete and Progressive Settlement for Trans-Pacific Partnership (CPTTP) and the EU-Viet Nam Free Commerce Settlement.
The manufacturing of the fishery sector, together with the tuna processing manufacturing business, is step by step recovering from the tip of 2021 when the demand from all markets elevated, so export costs have elevated.
Frozen tuna fillets had been nonetheless the principle merchandise in Viet Nam’s tuna exports, accounting for greater than 66 per cent of whole exports in January.
Of which, Viet Nam noticed a robust enhance in exported frozen tuna fillets and different processed tuna (primarily frozen tuna loin) at 172 per cent and 278 per cent, respectively, over the identical interval.
The big export markets for Vietnamese tuna merchandise have had a robust restoration in consumption demand when these opened after the COVID-19 vaccination marketing campaign. They included the US, Europe, Israel, Italy, Canada, Japan, CPTPP, Russia, Saudi Arabia and Egypt.
The US was nonetheless Viet Nam’s largest tuna export market in January with an export worth of $44 million, up 210 per cent over the identical interval in 2021. This determine accounted for 50 per cent of the overall export worth.
Together with the US, tuna exports to EU international locations additionally accelerated within the 12 months’s first month. The Netherlands and Lithuania had been among the many prime three main EU markets in tuna import worth from Viet Nam.
Viet Nam’s tuna export worth to the 2 markets in January surged by 243 per cent and 1,938 per cent on-year, respectively.
Within the CPTPP bloc, the tuna exports to a number of markets prospered within the first month of 2022, after a decline within the fourth quarter of 2021. For instance, the exports to Canada and Peru elevated by 26 per cent and a pair of,289 per cent on-year, respectively.
Though Chile was now not within the prime 4 main markets, exports to this market additionally elevated sharply by 219 per cent. In the meantime, exports to Japan decreased by 17 per cent over the identical interval.
In January, Khanh Hoa Province continued to be the biggest tuna exporter of Viet Nam with a price of $40 million, accounting for 45 per cent of the overall tuna export turnover.
Following had been Binh Dinh Province with A tuna export worth of $11 million, accounting for over 13 per cent and Lengthy An Province with $7.7 million, accounting for practically 9 per cent.
Phu Yen Province, HCM Metropolis and Binh Duong Province additionally had a big tuna export worth, accounting for 6-8 per cent.
At current, Viet Nam has 72 enterprises exporting tuna merchandise. Main firms are Bidifisco, Dragon Wave, Tithico, Highland Dragon and Nha Trang Bay, accounting for practically 46 per cent of the nation’s whole tuna export turnover.
VASEP has forecast that Viet Nam’s tuna exports will proceed to be optimistic within the subsequent months of 2022 attributable to tariff preferences in markets such because the EU and CPTPP bloc.
This 12 months, the tuna business is predicted to repeatedly face many challenges, akin to difficulties in commerce actions of the world sea freight charges with out tending to lower.
The change in quarantine rules for imported merchandise in lots of international locations and warnings about meals security can be challenges for the native export companies.
Nonetheless, the export markets have been reopened to extend demand from foodservice chains, boosting imports. Viet Nam’s tuna exports will proceed to extend within the subsequent months.