Tridge summary
Vietnamese tuna exports to the EU have seen a significant increase in the third quarter of 2022, with a 33% rise in September compared to the same period in 2021, resulting in over $46 million in exports. From January to September 2022, Vietnamese tuna exports to the EU exceeded $123 million, marking a 16% increase over the same period in 2021. This increase is due to the holiday season and the lower price of Vietnamese tuna, which enjoys the EVFTA tariff advantage. Despite a decrease in imports from Italy and Spain, Romania, France, and Denmark have seen an increase in imports. Analysts predict that European inflation will continue to grow, along with tuna consumption, but the devaluation of the euro against the dollar is making canned tuna more expensive, potentially leading to more purchases of raw tuna at more competitive prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
With almost $31 million (€31.7 million) of tuna exports from Vietnam to the EU in September this year, there was an increase of 33% compared to the same period in 2021, which increases tuna exports in the third quarter of 2022 to over 46 million dollars and by 47% compared to the same period in 2021. For Vietnamese exporters, this is an encouraging sign, coming after a slight decline in the second half of the year. From January to September 2022, Vietnamese tuna exports to the EU exceeded $123 million, representing a 16% increase over the same period in 2021. The increase in demand for Vietnamese tuna in the EU is due to the approaching holidays at the end of the year and a much lower price, as it enjoys the EVFTA tariff advantage over tuna from other exporting countries. This year, imports from Italy, which has always been one of the main markets for Vietnamese tuna, fell by 70%, as did imports from Spain. On the contrary, Romania (102%), France (155%) and Denmark (305%) recorded ...
Source: Fishretail
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