"Light up" tuna exports to the UK in February 2023

News 08:10 21/04/2023
(seafood. vasep.com.vn) In February 2023, Vietnam's tuna exports to the UK suddenly increased more than 13 times over the same period, reaching 971 thousand USD. This positive result offset the decrease in January and brought the total export turnover in the first two months of 2023 to more than $1.3 million, nearly 3 times higher than the same period in 2022. The UK is currently the 15th largest single tuna import market of Vietnam.

Vietnam is exporting mainly frozen tuna meat/loin (HS code 0304) to the UK market, accounting for 93% of total export turnover to this market in the first 2 months of the year.

Among the major economies, the UK has the highest inflation rate. Entering 2023, inflation in the UK in January fell to 10.1%, but then suddenly accelerated in February 2023 to 10.4%. Currently, inflation has changed the UK's seafood consumption trend, increasing consumption of frozen and processed seafood.

According to statistics of the World Trade Center (ITC), the UK is currently one of the 10 largest tuna import markets in the world. The UK imports tuna from more than 45 countries around the world, of which Vietnam is the 13th largest supplier, accounting for 1% of the country's total tuna imports. In 2022, although Vietnam's tuna exports to the UK still increased by nearly 10% in value, the reason was the increase in the average price of exports to this market.

In the UK market, with the advantage of supplying raw tuna of pure origin, tuna exporters from Ecuador and Mauritius are dominating the market. Vietnamese products still find it difficult to compete with these countries. However, with the advantage of preferential tariffs under the UKVFTA, importers are increasing their tuna imports from Vietnam in the first months of 2023.

With the current inflation situation, it is likely that the import demand for tuna consumption in the UK will not be able to recover. And therefore, tuna exports to the UK will therefore grow more slowly in the coming months when the preferential tariff quota is used up.

Compiled by Thuy Linh 

Bạn đang đọc bài viết "Light up" tuna exports to the UK in February 2023 tại chuyên mục News của Hiệp hội VASEP
vietnams tuna exports to the uk

TIN MỚI CẬP NHẬT

Vietnam's shrimp exports surge at year-end

 |  09:03 05/11/2024

(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.

Navico and FIMEX VN achieve outstanding business results in Q3/2024

 |  08:45 04/11/2024

(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.

VASEP releases Seafood Export Report for the first nine months of 2024 and year-end forecast

 |  10:06 01/11/2024

VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.

Khanh Hoa pioneers electronic traceability system for captured seafood

 |  08:48 31/10/2024

(seafood.vasep.com.vn) Khánh Hòa province is currently leading the way in implementing Electric Catch Documentation and Traceability System (eCDTs).

Vietnamese shrimp asserts its quality in the EU market

 |  08:46 31/10/2024

(seafood.vasep.com.vn) The European Union, with its stringent quality requirements, has become an attractive destination for the shrimp industry of many countries, including Vietnam. Vietnamese shrimp meeting EU export standards not only increases product value but also solidifies Vietnam's position in the global seafood market.

Vietnam’s shrimp exports reach $2.8 billion in the first three quarters

 |  15:40 30/10/2024

(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.

Bến Tre Province: Intensive shrimp farming models yield high efficiency

 |  15:38 30/10/2024

(seafood.vasep.com.vn) According to the Ben Tre Statistics Department, the province’s aquaculture sector has been relatively stable and has experienced growth recently, particularly due to the high efficiency of intensive shrimp farming models.

Vietnamese seafood enterprises report positive developments

 |  15:39 29/10/2024

(seafood.vasep.com.vn) In the third quarter, several Vietnamese seafood companies announced strong financial results, showcasing resilience and growth in a challenging market.

Soc Trang: Expanding effective shrimp farming models

 |  08:46 29/10/2024

(seafood.vasep.com.vn) In the first nine months of 2024, the fishery production of Soc Trang province has continued to be stable and develop. The farming area and fishery output have increased compared to the same period last year. The consumption of seafood products has generally been favorable.

Kiên Giang: Aquaculture sees positive growth

 |  08:25 25/10/2024

(seafood.vasep.com.vn) In the first nine months of 2024, aquaculture in Kien Giang province has shown potential growth, helping to offset the decline in capture fisheries.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC