After declining in February, Vietnam tuna exports to Chile continuously increased in the past 2 months. Tuna exports to this market in April 2023 increased by 78%, reaching more than 1.6 million USD. In the first 4 months of 2023, tuna export turnover to Chile increased by 51% over the same period, reaching more than 5 million USD.
In the CPTPP market bloc, Chile is currently the fourth largest tuna import market of Vietnam. Chile imports mainly frozen tuna meat/loin from Vietnam, accounting for 64% of total export turnover. Chile also imports canned tuna products, accounting for 29%.
Vietnam is currently the fourth largest tuna supplier for Chile in the first quarter of 2023, after Ecuador, Thailand and China
According to statistics from the World Trade Center (ITC), Vietnam is currently the fourth largest tuna supplier for Chile in the first quarter of 2023, after Ecuador, Thailand and China. While tuna exports of Vietnam and Thailand to Chile increased, tuna exports of Ecuador and China decreased. The tariff preferences under the CPTPP agreement are creating attraction for Vietnam's tuna products in the context of high inflation. The top 4 enterprises exporting tuna to this market in this time including Trinity Vietnam, Hai Trieu Co., Ltd and Haivuong group
Currently, Chile's consumer price index fell in April to its lowest level in more than a year, bringing overall 12-month inflation to 9.9%, down from 11.1% in March. This is expected to boost consumption in this country, including tuna. It will be an opportunity for Vietnamese tuna companies to penetrate deeper into the Chilean market.
Compiled by Thuy Linh
(seafood.vasep.com.vn) On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
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