Russia entered the top 5 importers of Vietnamese tuna

Published 2024년 6월 11일

Tridge summary

In the first quarter of 2024, Russia saw a significant increase in tuna imports from Vietnam, with a 65% rise compared to the same period in 2023, totaling $10 million. The majority of these imports (75%) were frozen tuna meat. This growth positions Vietnam as Russia's fourth largest supplier of tuna, following a three-year upward trend that nearly doubled tuna exports to Russia from Vietnam by the end of 2023. Other source countries were not mentioned. Russia's domestic market includes canned tuna, which is the most popular form in retail, and chilled or frozen tuna for the HoReCa sector. The global tuna market is projected to grow from its 2023 value of $43.7 billion to $53.6 billion by 2032, with canned tuna maintaining its leadership.

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Original content

Imports of tuna from Vietnam to Russia in the first quarter of 2024 increased by 65% compared to the same period in 2023 and reached $10 million, the electronic newspaper of the Vietnamese Communist Party reported this on June 3, citing customs data. The main export item for supplies to the Russian market is frozen tuna meat: it accounts for 75% of the total volume. Russia, the publication writes, entered the top 5 importers of this type of fish from Vietnam, taking fourth place. Deliveries have been growing over the past three years after a long period of stagnation. Thus, at the end of 2023, tuna exports to Russia from Vietnam approached $29 million, which is almost twice the level of 2021, when the volume of supplies amounted to $14 million. Other importing countries are not named in the publication. VARPE note that Vietnam, together with China and Indonesia, provides over 90% of Russian tuna imports. In Russia, dozens of factories produce canned fish from this fish. As ...

Source: Fishretail