Tuna export keeps strong growth

In the first 11 months of 2011, tuna exports reached US$343.8 million, up 29.4 percent over that of the same period of last year and accounted for 6.3 percent of the total seafood export value of Vietnam. In 2011, total tuna export value was estimated to hit about US$380 million. Compared to the corresponding period of 2010, tuna export price in 2011 climbed sharply in which the tuna export price to Japan witnessed the highest increase of 100 percent, the export price to Canada, Israel, the U.S., Switzerland increased 50 to 80 percent. However, export price to Iran, Taiwan, and Germany rose slowly. In Jan-Nov 2011, tuna (live, fresh or frozen) exports hit US$210.7 million, occupying 61.3 percent of total export value while tuna (preserved and prepared) exports reached US$133.1 million, representing 38.7 percent. In Jan- Nov 2011, there are 92 markets importing Vietnam tuna, in which the U.S., Japan and EU are three top importers. The U.S. is the biggest and the most stable tuna importer of Vietnam. The export price to the market increased comparatively from 40 to 60 percent on that of the same period of 2010. Consuming demand of tuna in the market is firm. In Jan-Nov 2011, Vietnam tuna export to the market reached US$157.6 million, up 31.2 percent over 2010. The U.S. imported mainly processed skipjack tuna and frozen yellow fin tuna from Vietnam. EU: Tuna exports to EU hit approximately US$71 million, up 23.2 percent in value over 2010. In 2011, the export price to the market reported a slowest and instable growth. Vietnam tuna export value to Germany increased 78 percent, Italy up 36 percent and Belgium down slightly 6.2 percent. Japan: Among all tuna importers of Vietnam, tuna export value to Japan reported a sharp growth, up from 80 to 150 percent in the first eleven months over the same period of 2010. However, Japan is also a partner with strict requirements to Vietnam tuna exporters. In the last 5 months of 2011, tuna exports to the market kept growing. As of November 2011, tuna exports to Japan reached nearly US$39 million, increasing 86.8 percent and rising over 200 percent in value in November alone compared to the same period of 2010.

Source: Vasep

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