However, entering 2022, Vietnam’s tuna exports to this market have prospered.To help the country’s economy recover, the Egyptian government soon implemented a plan to gradually reopen the economy. Thus, the demand for food would increase and ideally promote the country’s tuna imports.
According to statistics of Vietnam Customs, Vietnam's tuna exports to Egypt in the first 5 months of 2022 reached 8.4 million USD, up 44% over the same period in 2021. Continuously for the past 5 months Vietnam's tuna exports to this market all maintained high growth compared to the same period.
Egypt market preffer the processed and canned tuna
Currently, Egypt is the 11th largest single tuna import market of Vietnam. The main tuna products exported to this market are processed and canned tuna, accounting for 99% of the total export value.
According to the statistics of the World Trade Center (ITC), after the decline in imports in 2020, Egypt's tuna imports have increased again in 2021. Thailand is still the dominant supplier in this market, accounting for 78% of the total value of tuna imports to Egypt. Ranked second is Vietnam, accounting for 7%.
According to the Vietnam trade office in Egypt, the demand for tuna consumption in this country, especially demand for canned tuna shows a positive growth in recent years. Egypt is the largest tuna importer in the Middle East in 2021.
Although ranked second, Vietnam's tuna export potential is still very large, especially after the outbreak of the Covid-19 pandemic, Egyptian importers tend to diversify suppliers to avoid depending on a single source. However, in order to promote exports to this market, enterprises need to have an appropriate strategy in managing product quality to meet market requirements.
|
Vietnam’s tuna exporters to Egypt |
|
|
No |
Company |
|
1 |
Tuna Vietnam Co.Ltd |
|
2 |
Tan Phat Foods Corporation |
|
3 |
Mariso Vietnam Co., Ltd |
|
4 |
Nguyen Hung Co., Ltd |
|
5 |
KIFOCAN |
|
6 |
FoodTech. JSC |
|
7 |
Phat Trien Seafood Co., Ltd |
|
8 |
Viet Trade One Member Co., Ltd |
|
9 |
Khanh Hoa Canned Food Co.,Ltd |
|
10 |
KDS Interfoods Vietnam Co.Ltd |
|
11 |
Binh Dinh Fishery JSC |
|
12 |
Huong Giang Co., Ltd |
|
13 |
Blue Sea Canned Food Co., Ltd |
Compiled by Thuy Linh
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