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Tuna sales from Vietnam to Canada grow 61 percent in August

Staff writer |
Vietnamese tuna exports to Canada increased 61 percent in August from the previous year to $1.4 million, informed Vietnam Association of Seafood Exporters & Producers (VASEP).

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VASEP considers this surge is good news given the 10 percent decline in Vietnamese tuna sales abroad year on year, to a total of $39.8 million. This decline was due to the lower demand from the main importing markets and the year-on-year drop in global tuna price, FIS reports.

However, the growth recorded in August in tuna sales to the Canadian market was not enough to offset the drop experienced in the previous months. Between January and August 2015, Vietnamese tuna exports to Canada generated $6.1 million in income, representing a 27.6 percent drop year on year.

The North American country imports mainly dried, frozen, live, fresh tuna from Vietnam, accounting for 80 percent of the country’s total tuna exports to the market with a value of about $5 million.

Tuna loins were the main product imported by Canada, with a value of $3.8 million.

According to statistics from the International Trade Center (ITC), Canada imports tuna from 53 suppliers in the world in which Thailand, Philippines and Vietnam are the leading ones.

Thailand is the largest tuna supplier to Canada with its market share of 84 percent, followed by Philippines and Vietnam with the market share of 4 percent and 2.6 percent, respectively.

As to the other markets importing Vietnamese tuna, VASEP informed that in August, the United States imported Vietnamese tuna for $16 million, which is 1.6 percent lower that last year's result. In the first eight months this year tuna exports to this market experienced an 11 percent rise year on year, reaching $127.3 million.

Vietnam tuna exports to the Eropean Union were still in search of recovery. The export value from January to August reached nearly $69 million, representing a decline of 25 percent year on year.

ASEAN countries, ranking third in Vietnam's top importing markets for tuna, reported 8 percent rise to $23.3 million in the eight months this year.

Vietnam tuna sales to Japan during the period from January to August reached $14 million, while sales of frozen, live, fresh tuna amounted to $9 million. Canned tuna sales to the market, being quite modest at $4.8 million, increased by 16 percent.