Data from the General Department of Vietnam Customs showed tuna export revenue dropped 13% in February with no signs of improvement in March. Total tuna export value in the first three months of this year is estimated at 160 million USD.
In this context, exporters are exploring smaller markets. The value of tuna export to European markets in February rose 59% year on year to nearly 14 million USD, and is expected to top 33 million USD in the first quarter of 2023.
Strong growth was also recorded in potential small markets such as the Republic of Korea, the UK, Australia, Finland, and Algeria.
The association predicted that market demand will generally recover in the second half of 2023, leading to the recovery of the domestic tuna sector.
Vietnam has high tuna reserve at about 600,000 tonnes, mostly in Binh Dinh, Phu Yen and Khanh Hoa provinces./.
