Vietnam canned tuna has a competitive advantage on price in the Slovak market

Published 2020년 8월 12일

Tridge summary

The article highlights a significant increase in canned tuna exports to Slovakia, with a nearly doubling in two years, reaching 6,168 MT in 2019. This surge is attributed to the growing demand for both high-end and regular canned tuna products. Despite a 24% export tax to the EU, Thailand emerges as the leading supplier, followed by Spain. However, Vietnam and the Philippines have seen the most substantial growth in their export volumes to Slovakia in 2019, with Vietnam's exports increasing by 116% and the Philippines' by 145%, due to offering more competitive prices. The lower average prices and the absence of export tax for Philippine products have contributed to its increased market share.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(seafood.vasep.com.vn) The export of canned tuna to Slovakia has nearly doubled in just 2 years, showing that this is a potential export market for tuna processors. According to Eurostat statistics, the Slovak market tends to import more and more high-class sliced tuna products and ordinary products. In 2019, Slovakia imported a total of 6,168 MT of canned tuna, an increase of 78% compared to 2017, and 6% compared to 2018. This increase in imports is correlated with the decrease in the average import price of canned tuna products from major suppliers. In 2 years, the average CFR price of canned tuna products imported into this market fell by 14%, equivalent to US$ 690/MT. A small portion of canned tuna products imported into this market was re-exported to other EU countries, mainly Eastern European countries, where Slovakia provided 1,381 MT of canned tuna. At present, Slovakia is a country without tuna production and processing. Among the suppliers, Thailand dominated this market ...

Source: Vasep