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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(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
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(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
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