08:01 | 12/05/2015 Trade
(VEN) - In a context where tuna exports to major markets such as the US and Japan have tended to fall, a slight increase in its exports to Germany has underlined the potential of the European market.
Tuna exports to Germany have increased steadily
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Germany ranked first in terms of Vietnamese tuna imports in the EU and second in the world during the 2009-2014 period. In the beginning months of this year, tuna exports to Germany have also increased steadily.
As of March 15, tuna export turnover between Vietnam and Germany reached US$7.4 million, an increase of one percent compared to a year ago, with the main export being canned tuna.
According to the VASEP, the German market has offered many opportunities for Vietnamese tuna export processing businesses. This country has no tuna farming or processing sectors and is virtually dependent on foreign suppliers. Moreover, tuna demand in the German market is on a rise, especially for processed products.
According to the International Trade Center (ITC), Ecuador, the Netherlands, the Philippines, Papua New Guinea and Vietnam were the top five canned tuna exporters to Germany in 2014, accounting for 19 percent, 17 percent, 14 percent, 9 percent and 8 percent of this market, respectively. In addition to the Philippines and Vietnam, Thailand and Indonesia have also exported tuna to Germany with market share of 5.7 percent and 4.5 percent, respectively.
VASEP General Secretary Truong Dinh Hoe said, “Tuna exports have huge potential and Vietnam is participating in negotiations of new-generation trade agreements with leading partners such as the US and Japan. These agreements will offer huge opportunities for Vietnamese businesses.”
VASEP General Secretary Truong Dinh Hoe said that thanks to its favorable geographical location, Germany has become a gateway for Vietnamese goods entering the European market.
Statistics show that the price of Vietnamese tuna exports to Germany remained the lowest amongst its competitors at US$3,645 per tonne in 2014. Vietnam therefore has competitive advantage in prices in tuna exports to Germany. Statistics also reveal that Ecuadorian tuna prices to this market reached US$5,045 per tonne.
However Vietnam, the Philippines, Indonesia, Spain and Thailand are subject to import duties of 20.5-24 percent in tuna exports to the EU, while Ecuador enjoys tax incentives of zero percent.
“Vietnamese businesses are waiting for the conclusion of negotiations on the EU-Vietnam Free Trade Agreement (EVFTA) in order to enjoy comprehensive and stable offers because tariff reduction commitments are expected to be much lower than the current rate. More importantly, the EVFTA will create the confidence for businesses and manufacturers in promoting tuna exports to Germany,” Truong Dinh Hoe said.
The German market highly appreciates food safety and hygiene standards. Therefore, to ensure sustainable exports in the long term, Vietnamese tuna export processing businesses must improve product quality in the steps of processing, packaging and storage.By Hung Cuong