Currently, more than 20 countries are exporting this group of products to the US market. In which, Indonesia, Vietnam and Thailand are the three largest tuna suppliers, accounting for 76% of the total value of frozen tuna meat/loin import to the US.
In the first 5 months of 2023, the average import price of frozen tuna meat/loin into the US was US$12,756/ton, down 7% compared to the same period last year. Among the suppliers, Vietnam had the lowest export price at US$11,122/ton, down 16% over the same period. Despite the competitive pricing, Vietnamese enterprises were unable to increase their market share in the US, as their exports decreased by 60% in volume compared to the same period in 2022.
Vietnam's frozen tuna meat/loin exports to the US down 60%
Along with Vietnam, Indonesia, Thailand and the Philippines are also adjusting export prices to the US market, down 6%, 3% and 11% respectively. However, only Thailand can increase exports to this market over the same period, up 8% in volume, Indonesia and the Philippines also saw declines of 19% and 48%.
Economic instability has caused food prices in the US to rise. American people, especially the low-income class, had to change their diets and food purchase channels. There has been a trend that many consumers consider choosing chicken, beef or pork instead of seafood. More and more people are choosing to buy home-cooked food to save money, And this is affecting US tuna imports in the first period of 2023.
|
Average IMPORT price of frozen tuna meat/loin into the US, January-May 2023 (USD/ton) |
|||||
|
|
Jan |
Feb |
Mar |
Apr |
May |
|
Average price |
13,597 |
12,680 |
12,893 |
12,300 |
12,215 |
|
Vietnam |
11,791 |
11,803 |
10,625 |
10,902 |
10,454 |
|
Indonesia |
13,972 |
11,778 |
12,659 |
11,903 |
12,030 |
|
Thailand |
11,640 |
11,575 |
12,879 |
12,139 |
11,148 |
|
Philippines |
16,836 |
17,705 |
17,926 |
15,284 |
16,000 |
Compiled by Thuy Linh
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VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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