Vietnam has seen unstable exportation of tuna to Egypt due to the Covid-19 pandemic with consecutive slump in months as compared to the same period of 2020. However, sales of tuna in this market have thrived in 2022.
Egypt’s plan of reopening the economy, which was promptly executed, has helped this country recover well. The demand for food is in an upward trend and triggers the exportation of tuna in this country.
According to the General Department of Vietnam Customs, Vietnam achieved USD 8.4 million from exporting tuna to Egypt in the first five months of 2022, up 44% from the same period last year. During this time, tuna exports to this market have remained a good growth as compared to the same period last year.
Egypt ranked eleventh in Vietnamese tuna export, mainly processed and canned tuna which account for 99% of the total export value.
According to the International Trade Center, after a slump in 2020, tuna exports to Egypt rose in 2021. Thailand has been the biggest tuna provider of Egypt, accounting for 78% of the total import value into this country. Vietnam is the second provider, accounting for 7%.
According to the Vietnam Trade Office in Egypt, demand for tuna in this country, especially canned tuna, has been growing well for the last few years. Egypt is the largest importer of tuna in the Middle East in 2021.
Despite ranking in the second position, Vietnam still has lots of potential of exporting tuna, especially amidst the Covid-19 pandemic when Egypt’s enterprises tended to diversify suppliers so as not to depend on a unique supplier. However, with an aim to boost exportation to this market, enterprises must adopt proper solutions to the management of product quality in accordance with the market requirement.
VFM
