US Canned Tuna Import Volume Showing Signs Of Recovery

News 15:57 13/09/2014 502

After a dramatic decline in canned tuna imports last year, the first four months of 2013 have proved more promising for the U.S. tuna market as well as the countries that rely heavily on their exports to the world’s largest tuna importing nation.

In 2012 the total import volume of canned tuna for the U.S. shrank to 20.7 million cartons, down 25 percent from the 27.5 million it received in 2011, resulting in a significant reduction in exports for its top supplying countries, Thailand, Philippines and Vietnam.

This worrying drop in sales was devastating for exporters as U.S. tuna brands struggled to stay afloat due to record high raw material prices, negative publicity on mercury in tuna, and most significantly, a decline in consumer demand for canned tuna.

But the first four months of this year have shown promising signs that U.S. tuna sales are improving, as increased volumes of canned tuna were shipped into the country, up approximately 20 percent in January and a considerable 36 percent in February when compared to the previous year. As usual, January shows significantly higher figures than other months due to the U.S. single duty quota, with import tax on canned tuna in brine at six percent rather than 12.5 percent at this time of year.

Thailand, as the main supplier of canned tuna to the U.S. will reap benefits from this shift after facing worrying times last year when exports to America dropped considerably by around 29 percent over 2012 for its tuna producers. The rise of U.S. imports in the first quarter of this year will help them to continue benefitting financially from the industry as global leaders.

The most dramatic difference in import figures occurred in 2001 when the average American was recorded to eat 1.3 kg of tuna annually, compared to 1.5 kg in the previous year. This figure has decreased even more and in 2011 stood at 1.2 kg.

The decline in consumer demand of canned tuna in the U.S. for 2012 was predicted to be due to several reasons, including the consequence of declining product quality, with increased hydro proteins and vegetable broths being used in cans to get high retention rates. Thai Union owned, major U.S. brand Chicken of the Sea responded with the introduction of no drain products that are said to have become a sales hit in America.

Statistics from the first four months of this year show that 2013 could be a much better year for the U.S. in terms of canned tuna imports. Attention will now be focused towards whether this increase in imports will be short-lived, which may be indicated by the soft May figures, or if future months will reveal it as an ongoing upward trend.

Bạn đang đọc bài viết US Canned Tuna Import Volume Showing Signs Of Recovery tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnam shrimp exports to the US following election

| 08:42 22/11/2024

(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.

Steady growth in pangasius exports to Canada for the first three quarters

| 08:40 20/11/2024

(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.

Cà Mau Province accelerates digital transformation and develops green industry

| 08:35 18/11/2024

(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.

Dong Thap pangasius: “Green journey – Green Value”

| 09:23 14/11/2024

(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.

Việt Nam's seafood sector primed for growth with favourable exports

| 08:55 12/11/2024

The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.

Vietnam shrimp industry accelerates toward $4 billion target

| 08:38 08/11/2024

(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.

Eearning trillions of VND from shrimp heads and fish tails

| 09:01 07/11/2024

While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.

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.

US Canned Tuna Import Volume Showing Signs Of Recovery

Tin cùng chuyên mục

Vietnam’s tuna industry seizes “golden opportunity” to boost exports to the UAE

Vietnam tuna exporters worried over escalating Israel-Iran tensions

Vietnam’s exports of frozen tuna meat/loin continue to surge

The raw material problem of canned tuna exported to the EU

Eco-friendly shrimp farming for climate change resilience

Vietnam tuna exports reached US$558 million in Jan-Jul 2024