echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Vietnam’s tuna exports to many major markets have fallen sharply

    Vietnam’s tuna exports to many major markets have fallen sharply

    • Last Update: 2021-09-10
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    (De Volkskrant) Vietnamese tuna for three major markets of export volume dropped significantly, it is expected downward trend will continue and affect the expectations of the product
    .
     
    Since May 2021, the growth rate of Vietnamese tuna exports has slowed down
    .
    In July 2021, Vietnam’s tuna exports totaled nearly 65 million U.
    S.
    dollars, a year-on-year increase of only 1.
    7%
    .

     
    Tuna exporters said that with the current rising production, export and freight costs, the growth rate of tuna exports is not optimistic, and even slowing down day by day
    .
     
    In July 2021, Vietnam’s tuna exports to the United States reached US$28.
    6 million, an increase of 6% year-on-year, but lower than in June
    .
     
    Contrary to the US market, in July 2021, Vietnam’s tuna exports to the EU market plummeted 21% year-on-year
    .
    In the first seven months of 2021, tuna exports to the EU totaled nearly 87 million U.
    S.
    dollars, an increase of 20% year-on-year
    .
    In general, although tuna exports to this market have increased year-on-year, they have shown a monthly downward trend since May this year
    .
     
    Currently, Vietnam’s tuna exports to the three main export markets have all declined year-on-year
    .
    Accordingly, the export value of tuna to Italy, Germany, Spain and other three countries decreased by 34%, 40% and 12% respectively
    .

     
    As the third largest export market, Vietnam’s tuna exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are no exception
    .
    Tuna exports to this market continued to grow by 6.
    5% year-on-year to US$7.
    4 million
    .

     
    However, the monthly export value in 2021 is also showing a gradual decline
    .
    It is worth noting that in July, Vietnam’s tuna exports to Canada showed signs of decline, with a year-on-year decrease of 45%
    .
    On the contrary, Vietnam’s tuna exports to Mexico and Japan continued to increase, increasing by 2% and 413% year-on-year respectively
    .
     
    In addition to the above-mentioned markets, in July, Vietnam's tuna exports to Egypt, the Philippines, China and other markets also continued to increase, but the export value also showed a trend that was lower than the previous month
    .
     
      As of July 2021, tuna exports totaled 420 million U.
    S.
    dollars, an increase of 20% year-on-year, and still 2% lower than the same period in 2019
    .
    Due to the nationwide outbreak of the new crown pneumonia epidemic, tuna processing and exporting companies are facing difficulties such as increased production costs, shortage of workers, and lack of raw materials, and even some processing plants in Long An Province, Ho Chi Minh City and other provinces and cities have to stop production
    .
    It is expected that this will affect the tuna export performance in the next few months
    .
    (over)

    Tuna export
     
      Since May 2021, the growth rate of Vietnamese tuna exports has slowed down
    .
    In July 2021, Vietnam’s tuna exports totaled nearly 65 million U.
    S.
    dollars, a year-on-year increase of only 1.
    7%
    .

     
      Tuna exporters said that with the current rising production, export and freight costs, the growth rate of tuna exports is not optimistic, and even slowing down day by day
    .
     
      In July 2021, Vietnam’s tuna exports to the United States reached US$28.
    6 million, an increase of 6% year-on-year, but lower than in June
    .
     
      Contrary to the US market, in July 2021, Vietnam’s tuna exports to the EU market plummeted 21% year-on-year
    .
    In the first seven months of 2021, tuna exports to the EU totaled nearly 87 million U.
    S.
    dollars, an increase of 20% year-on-year
    .
    In general, although tuna exports to this market have increased year-on-year, they have shown a monthly downward trend since May this year
    .
     
      Currently, Vietnam’s tuna exports to the three main export markets have all declined year-on-year
    .
    Accordingly, the export value of tuna to Italy, Germany, Spain and other three countries decreased by 34%, 40% and 12% respectively
    .

     
      As the third largest export market, Vietnam’s tuna exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are no exception
    .
    Tuna exports to this market continued to grow by 6.
    5% year-on-year to US$7.
    4 million
    .

     
      However, the monthly export value in 2021 is also showing a gradual decline
    .
    It is worth noting that in July, Vietnam’s tuna exports to Canada showed signs of decline, with a year-on-year decrease of 45%
    .
    On the contrary, Vietnam’s tuna exports to Mexico and Japan continued to increase, increasing by 2% and 413% year-on-year respectively
    .
     
      In addition to the above-mentioned markets, in July, Vietnam's tuna exports to Egypt, the Philippines, China and other markets also continued to increase, but the export value also showed a trend that was lower than the previous month
    .
     
      As of July 2021, tuna exports totaled 420 million U.
    S.
    dollars, an increase of 20% year-on-year, and still 2% lower than the same period in 2019
    .
    Due to the nationwide outbreak of the new crown pneumonia epidemic, tuna processing and exporting companies are facing difficulties such as increased production costs, shortage of workers, and lack of raw materials, and even some processing plants in Long An Province, Ho Chi Minh City and other provinces and cities have to stop production
    .
    It is expected that this will affect the tuna export performance in the next few months
    .
    (over)
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.