For the first time, tuna has become a billion-dollar industry | Business

Tuna is placed on the preliminary processing table to check the quality of meat before selling to traders. (Photo: Pham Cuong/VNA)

According to the Association of Processors and Export of seafood In Vietnam, inflation continued to “shadow” the markets in the last month of 2022, causing Vietnam’s tuna to most of the main markets to drop sharply over the same period.

However, including 2022, Vietnam’s tuna exports have reached the target of 1 billion USD, up 34% compared to 2021. This is also the first time the tuna industry has reached the value of billion USD.

Vietnam’s tuna products have been exported to 99 markets around the world. Among them, the US, EU, countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Israel, Thailand, Saudi Arabia, Russia, the Philippines and Egypt are the markets for tuna imports. largest in Vietnam, accounting for 92% of total export value.

Germany, Spain and Belgium were the three biggest importers of Vietnamese tuna in the EU last year. Particularly in December 2022, tuna exports to Germany and Spain are increasing “gallopingly” at 3 digits, 161% and 117% respectively.

[Dự báo lợi nhuận doanh nghiệp thủy sản giảm trong năm 2023]

Notable among the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is Japan. Vietnam’s tuna exports to this market have grown continuously in the last quarter of 2022.

In December alone, tuna exports to Japan increased by 131% over the same period. Significantly contributing to bringing Vietnam’s tuna to the CPTPP market reached nearly 136 million USD, up 48% compared to 2021.

Faced with inflation, many markets saw a significant drop in tuna imports. Typically, in the US market, after a decline in November, exports to this market continued to decrease by 38% in December 2022. However, for the whole year of 2022, tuna exports to the US still increased by 44%, reaching nearly 487 million USD.

Processing and Exporting Association Vietnamese seafood It is forecasted that tuna exports in the first quarter of 2023 will not be able to keep the positive results like in 2022 and the market may recover in the second half of 2023.

However, at the beginning of the year, free trade agreements are the driving force Vietnam’s tuna exports to markets.

Bich Hong (VNA/Vietnam+)

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