Exports to Germany account for 9% of total tuna exports from Vietnam. In the two first months of this year, exports to this market increased by 11% in January and 0.8% in February.
Data from Vietnam Customs showed that as of 15/03/2015, Vietnam's tuna exports to Germany valued US$ 7.4 million, up 1% year on year. Canned tuna was the main export product, giving Vietnam US$ 6.2 million, accounting for 84% of total tuna exports from Vietnam to Germany.
Germany is the world's 6th biggest market for canned tuna. The market is heavily dependent on imports. As the consumption of this fish grows, especially for processed products, the import demand for canned tuna increased. However, as the leading economy in the Europe, Germany is affected by crisis in Europe and volatility of the euro. This explains the decrease in tuna imports.
With its favorable geographical position, Germany is considered as a distribution hub to other markets in Europe. Therefore, exports to Germany will be a promising opportunity expand markets to other countries in the EU.
Tuna from Vietnam was offered at competitive price in Germany, lower than Ecuador's, which can reach highest US$ 5,045/MT.
GSP for Vietnam has been taken effect since early 2014 but market awaits FTA between Vietnam and EU.
|
Imports of tuna in Germany by value (Unit: US$ thousands) – Source: ITC |
||||||
|
Origin |
2010 |
2011 |
2012 |
2013 |
2014 |
2014/2013(%) |
|
World |
224,748 |
301,317 |
368,797 |
441,584 |
374,891 |
-15.1 |
|
Ecuador |
32,403 |
73,740 |
60,525 |
91,760 |
71,043 |
-22.6 |
|
Netherlands |
29,923 |
42,501 |
37,560 |
43,593 |
63,867 |
46.5 |
|
Philippines |
47,084 |
46,028 |
66,350 |
62,297 |
52,790 |
-15.3 |
|
Papua New Guinea |
35,488 |
35,076 |
59,649 |
54,094 |
36,892 |
-31.8 |
|
Vietnam |
8,062 |
17,241 |
29,674 |
43,811 |
30,507 |
-30.4 |
|
Spain |
5,274 |
7,391 |
29,282 |
35,533 |
27,017 |
-24.0 |
|
Thailand |
13,107 |
15,415 |
20,813 |
24,073 |
21,526 |
-10.6 |
|
Italy |
5,060 |
7,233 |
10,091 |
15,382 |
18,764 |
22.0 |
|
Indonesia |
17,502 |
24,073 |
22,822 |
21,427 |
16,894 |
-21.2 |
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