(seafood.vasep.com.vn) After a continuous decline in 2021, Vietnam's tuna exports to Peru spiked in January 2022, with a rate of 2,290% over the same period in 2021.
Peru is the traditional tuna export market of Vietnam. However, exports to this market are not stable. According to statistics of Vietnam Customs, Vietnam's tuna exports to Peru in 2020 increased by 75% compared to 2019, reaching more than 5.2 million USD. After that, exports to this market have nearly halved in 2021, reaching $2.7 million. The increased consumption demand due to the impact of the Covid-19 pandemic is the reason why this country's tuna imports boosted in 2020, and this increase has also led to an increase in tuna inventories, affecting imports in 2021.
However, after a bleak period, Vietnam's tuna exports to Peru recovered in January 2022, returning to a level similar to the same period in 2020, reaching $994 thousand. Earlier this year, Vietnam mainly exported canned tuna to this market.
Peru is one of the 20 largest tuna import markets in the world. The average value of tuna imports of this country in the past 5 years reached about 116 million USD. In which, the import value of canned tuna into this country accounts for more than 83%.
Vietnam is the fifth largest tuna supplier to the Peruvian market after Thailand, Ecuador and China. In this market, Vietnam's tuna exporters have only exploited 3% of the market share. There are 3 Vietnamese enterprises that are exporting tuna to the Peruvian market in 2021: Bidifisco, Trinity Vietnam and Ba Hai Jsc.
Currently, tuna products exported to the Peruvian market are currently tax-free, so there are many opportunities to promote tuna exports to this market.