Exports of other processed tuna products HS16, specifically frozen steam tuna loin, grew by 25% as compared to Jan 2022. VASEP anticipates that exports of this category will rise in quarter I, 2023.
According to VASEP, inflation and economic recession have resulted in a slump of exports of Vietnamese tuna products in Jan 2023.
Exports of other processed tuna products HS16, specifically frozen steam tuna loin, grew by 25% as compared to Jan 2022 and uniquely became the second biggest exported category of Vietnamese tuna. Thus, exports of this category have been rising since August 2022.
The top ten importing markets of Vietnam’s processed tuna products HS16 accounted for up to 93% of the total export value of this category in the first month of the year.
VASEP reported that decline was recorded in sales to the US, Japan, Egypt, and Australia in Jan 2023 as compared to the same period last year.
Exports of other Vietnamese tuna products to Israel skyrocketed by 2,283% as compared to the same period last year. With such a growth rate, Israel climbed to the second biggest importer of Vietnamese tuna products in Jan 2023 from the fifth position in Jan 2022.
Likewise, exports of other Vietnamese tuna exports to other markets such as Peru, Canada, Thailand, Korea, Italy, Mexico, and Chile rose from the same period last year.
The global price of whole tuna has not shown any sign of going down. Preferential tariff quotas have been used. This means exports of other tuna products HS16, especially frozen steam tuna loin will continue to rise in quarter I, 2023.