Tridge summary
The demand for tuna in import markets is rising ahead of the year-end holidays, leading Vietnamese enterprises to prepare raw materials. Vietnam's tuna exports grew by 32% in June 2024 compared to the same period in 2023, reaching over 85 million USD, with increases in frozen tuna meat/loins but declines in canned tuna. Major markets like the US, EU, and Israel showed growth, while exports to CPTPP markets decreased. New regulations on skipjack tuna size may reduce domestic supply, increasing reliance on imports. Vietnam's large production capacity, advanced technology, and flexible import policies have built credibility with suppliers, but enterprises must ramp up production to meet EU orders and benefit from tariff preferences. Failure to address these challenges could result in losing export markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The demand for tuna in import markets is increasing in preparation for the year-end holidays. Enterprises are preparing raw materials to capitalize on this opportunity. High growth in many markets According to data from Vietnam Customs, Vietnam's tuna exports in June continued to grow. The value of tuna exports this month reached over 85 million USD, an increase of 32% compared to the same period in 2023. The cumulative export value for the first six months of the year reached nearly 472 million USD, an increase of 23%. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), exports of all tuna product groups from Vietnam in the first half of 2024 increased compared to the same period. However, while the export value of frozen tuna meat/loins in June 2024 reached the highest level since the beginning of the year, exceeding 44 million USD, up 29% compared to the same period and showing a growing trend, canned tuna exports decreased, with the export value in ...
Source: WTOCenter
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