Vietnam’s tuna exports to France decreased continuously

Tuna

Seafood

France

Vietnam

Published Jun 7, 2023

Tridge summary

Vietnam’s tuna exports to France experienced a galloping growth in 2022, an increase of nearly 101% compared to 2021. However, from the end of 2022 to the beginning of 2023, inflation in France led to a sharp increase in food prices, causing the consumption of high-end food to slow down, demand for many products including tuna dropped sharply, resulting in a decrease in imports.

Original content

According to statistics of Vietnam Customs, French tuna imports from Vietnam decreased continuously in the first 3 months of 2023. Accumulated in the first quarter of 2023, the value of tuna exports to this market decreased by 38%, reaching 605 thousand USD. Frozen tuna meat/loin is still Vietnam's main export product to France, accounting for 55% of total import value. Compared to the same period last year, Vietnam's tuna exports to this market all decreased, except for other processed tuna products, which increased by 42%. The average price of these products (HS code 03048700) to France in the first three months of 2023 was around US$6.4/kg, up 12% over the same period in 2022. Vietnam is the 11th largest tuna supplier outside the EU in the French market France is currently the 17th largest Vietnamese tuna importer in the EU. In the EU, France is the third largest tuna import market in the bloc. According to statistics of the World Trade Center (ITC), Vietnam is the 11th largest ...

Source: Vasep