China dominates the tuna market share in the EU

Published 2020년 11월 5일

Tridge summary

In the first half of 2020, the European Union (EU) imported a record 110,370 tons of steamed tuna meat or tenderloin, primarily from China, which accounted for 63% of the total imports. This surge, largely due to China's exemption from the autonomous tariff rate quota (ATQ), has resulted in other suppliers like Vietnam and Papua New Guinea experiencing market share decline. Vietnam's export volume dropped by 1,600 tons despite a strategic price reduction, while Thailand's recovery saw a 31% decrease in value. The price of imported steamed tuna meat has been influenced by the market's purchase and sale agreements, especially those made when tuna prices were low. This situation is influenced by the Free Trade Agreement between Vietnam and the EU, which promises to reduce the 14.5% tax rate on Vietnamese tuna meat over seven years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Association of Seafood Exporters and Producers (VASEP) said that according to Eurostat's statistics, the total EU import of steamed tuna meat / tenderloin in the first half of 2020 reached its highest level ever at 110,370 tons. Most of this imported steamed tuna loin / meat goes to the canned producers of Spain, which accounts for 63% of the EU's total imports of this product group. In the first half of this year, China was the largest supplier and the majority of shipments were exempt from the autonomous tariff rate quota (ATQ), allowing a maximum of 30,000 tonnes of imported steamed tuna loin / meat to be imported. entering the EU from countries that do not have trade agreements with the EU such as China, Vietnam or Thailand ... This has made China gain market share from other sources in the EU market. Vietnam is one of the main suppliers with the largest decline in the first half of 2020, the volume decreased by 1,600 tons compared to the same period in 2019. Although ...

Source: Vietnambiz