China’s tuna export surge to EU has competitors on edge

Published 2024년 10월 17일

Tridge summary

Chinese tuna fisheries are expanding into the European Union (E.U.) market, growing from a 9% to 24% share of the bloc's tuna purchases between 2015 and 2022, at the expense of Ecuador. Chinese tuna is sold at a lower price, around USD 1,200 (EUR 1,092) less per metric ton than Ecuadorian tuna. China's success in the E.U. market is attributed to its use of the bloc's autonomous tariff quota (ATQ) system, which allows for reduced duties on certain fishery products. This shift has caused concern among E.U. tuna producers, who argue that they cannot compete with the subsidized Chinese industry and are frustrated by the lack of labeling transparency, which they claim makes it difficult for consumers to identify the origin of tuna in canned products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chinese consumers have been slow to embrace tuna, so the nation’s massive tuna-fishing fleet has turned abroad to markets like the E.U. to sell its catch, worrying competitors that its takeover of the global market share is showing no signs of slowing down.The canning industry in the E.U. has been increasingly utilizing Chinese tuna, with the country increasing its market share in the bloc from 9 percent to 24 percent of tuna purchases between 2015 and 2022. During the same period, Ecuador saw its share drop from 32 percent to 26 percent.China sold tuna loins at USD 4,200 (EUR 3,822) per metric ton (MT) during the time frame, which was USD 1,200 (EUR 1,092) cheaper than the average Ecuadorian shipment, according to Ecuador’s National Fisheries Chamber of Commerce.China has been successful in using the E.U.’s autonomous tariff quota (ATQ) system, which entails a complete suspension or reduction of duties attached to a volume of fishery products entering the region’s borders, for ...

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