Vietnam is the second largest source of canned tuna for the US market.

Vietnam is the second largest source of canned tuna for the US market, accounting for 16% of the country's total import volume, after Thailand.

According to the Vietnam Association of Seafood Exporters and Producers, Vietnam's canned tuna exports have continued to grow strongly in the first months of 2024. In April 2024 alone, canned tuna exports to this market increased by 127%, reaching more than 10 million USD. And in the first 4 months of 2024, exports to this market reached more than 38 million USD, an increase of 102% over the same period in 2023, and an increase of 25% over the same period in 2022.

Processing tuna products for export at the factory of Ba Hai Joint Stock Company. Photo: Vu Sinh/VNA

According to statistics from the US Department of Agriculture, Vietnam is currently the second largest source of canned tuna for the US market, accounting for 16% of the country's total import volume, after Thailand. Although the US is increasing its imports of canned tuna from Vietnam, its total imports in the first quarter of 2024 are slightly down compared to the same period last year, reaching only nearly 33 thousand tons. The reason is that the US has reduced imports from Thailand, the largest source of tuna for this market, accounting for 51% of the total import volume. In the first quarter of 2024, US imports of canned fish from Thailand decreased by 9%. The average price of Thai canned tuna products exported to the US in the first quarter of 2024 fluctuated around 4,422 USD/ton. Along with Vietnam, Mexico's canned tuna exports to the US are also increasing slightly. The average export price of canned tuna products from Mexico to this market in the first quarter of 2024 tends to increase compared to the same period in 2023, fluctuating at 4,735 USD/ton. Meanwhile, Indonesia and Ecuador are losing market share in this market segment of the United States. Canned tuna exports from these two countries to the United States have both decreased. In particular, Ecuador's canned tuna products, due to sharp price increases, have decreased by 88% compared to the same period. Chinese canneries continue to lose the US market due to high tariffs. Currently, the US economy is gradually recovering and tuna prices on the world market are cooling down, so imports of canned tuna from this country will gradually recover. The United States tends to reduce imports from Thailand to reduce dependence on this supply source, and increase imports from other countries such as Vietnam.

Nguyen Hanh

Source : https://congthuong.vn/viet-nam-dang-la-nguon-cung-ca-ngu-dong-hop-lon-thu-2-cho-thi-truong-hoa-ky-325693.html