German imports of canned tuna peaked for 5 years

Published 2020년 12월 10일

Tridge summary

In the first nine months of 2020, Germany experienced a significant surge in the import of canned tuna, with a 33% increase compared to the same period in 2019, reaching the highest level in five years at 79,483 tons. This growth was largely driven by a rise in imports from non-EU countries, especially Vietnam, which became the market's 5th largest supplier, accounting for 5% of the total imports. The average price of these imports hit a three-year low at 3,909 EUR / ton. The Philippines and Ecuador continued to dominate the market, with the Philippines seeing a 20% increase in its exports to Germany, while Ecuador recovered its exports with a 51% growth. Papua New Guinea also made a comeback, becoming the second largest supplier, and Ghana took advantage of its import tax exemption to increase its exports to Germany. The article also highlights how the tariff advantages, such as the EU-Vietnam Free Trade Agreement (EVFTA), can influence export growth, underscoring the competitive pricing and market dynamics in the canned tuna industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first 9 months of 2020, Germany tends to increase imports of canned tuna. German imports of canned tuna from sources outside the EU also tended to increase over the same period. In 2020, the boom in demand for canned tuna has caused the country to increase imports from outside. The volume of canned tuna imports of this country reached the highest level in the past 5 years. For the first 9 months of 2020, Germany imported 79,483 tons, up 33% over the same period in 2019. The average price of canned tuna imports into this country is at the lowest level in the past 3 years. reached 3,909 EUR / ton. Except for the Maldives, the non-EU countries have increased the volume of exports to this market in the first 9 months of this year. The risk of a second outbreak of Covid-19 epidemic in Germany is increasing the demand for preserved foods such as canned tuna in Germany. According to Eurostat's statistics, Vietnam is currently the 5th largest supplier to the German market, ...
Source: Vietnambiz

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