Tridge summary
The reopening of Japanese restaurants after COVID-19 has led to a renewed demand for high-value bluefin tuna, while yellowfin tuna is being replaced by cheaper salmon in sushi. Fresh tuna imports in the United States increased by 7% in the first quarter of 2023, with the European Union importing over 1,000 tons of fresh tuna during this period, with bluefin and yellowfin tuna imports increasing. Additionally, there has been an increase in demand for fresh bluefin tuna in China and Thailand, with both countries experiencing significant import growth. However, the international trade in frozen tuna fillets weakened in early 2023, with declines in imports in Japan, the United States, and the European Union, but increased in emerging markets in Southeast Asia and Europe. Vietnam, Indonesia, the Republic of Korea, Spain, and China are the largest exporters of frozen tuna fillets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The reopening of Japanese restaurants following COVID-19 has renewed consumer demand for high-value bluefin tuna in many markets. Meanwhile, yellowfin tuna continues to be replaced by cheaper salmon in sushi. In the first quarter of 2023, fresh tuna imports into the United States were 7 percent higher than the previous year. Japan took second position, but its imports fell. Imports of fresh tuna in the first three months of 2023 exceeded the level of 1,000 tonnes in the European Union, with imports of bluefin tuna (300 tonnes) and yellowfin tuna (655 tonnes) increasing during the period. Spain, Italy and France were the largest importers of this type of product. Restaurant openings in China and Thailand have increased demand for fresh bluefin tuna in these markets. In the first quarter of 2023, China's fresh bluefin tuna imports increased by 51 percent to 316 tons. A similar trend was observed in Thailand. International trade in frozen tuna fillets weakened in January-March ...
Source: Fishretail
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