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Still no growth in Vietnam tuna exports

Staff Writer |
Vietnam tuna exports in the first half of 2016 have hit $224.7m, equal to the same period last year.

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The lack of growth is said to be due to low demand from main markets and higher global tuna prices, according to the Ministry of Agriculture and Rural Development (MARD).

It said that fishermen found some obstacles due to decline in raw tuna price and tuna output.

Tuna yield of Vietnam in January to June 2016 estimated to reach 11,152 MT. During this time output of Phu Yen province was down 7.5%, Binh Dinh down 5% and Khanh Hoa up 13%.

Vietnam Customs said that in the last six months, tuna fillet/loin still accounted for the largest proportion of 51.5%, followed by canned tuna at 27.7%.

This meant exports of tuna fillet/loin surged by 18.2% year on year while sales of canned tuna were down 18.4%.

Exports to the U.S. market were down slightly by 0.2% to $92.8m, but the US did continue to raise its import of frozen tuna fillet from Vietnam by 22.8% over the same period last year. All other tuna products from Vietnam into the US declines.

Sales to the European Union on a whole were down 6.6%, but while Germany declined tuna imports from Vietnam, Italy and Belgium increased imports.

Vietnam's tuna shipment to Japan in the first half of the year was $8.7m, down 10.5% year on year.

Exports of processed and canned tuna of Vietnam to Japan continued to increase by 27.9% over the same period and exports of other processed tuna surged 37.6%.

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