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Vietnamese Tuna Export Volumes Showing Decline, Canned Up Vietnam, November 4, 13

Current numbers on Vietnamese tuna exports predict that 2013 could show a total sales result of USD 600 million, representing a decline compared to last year.

Tuna exports reached USD 414.763 million in Vietnam in the first nine months of 2013, which is already 4.5% less than that of the same period in 2012. VASEP states that the two main markets are most likely to continue to decline the upcoming months.

When focusing solely on September 2013, the Vietnam Costums report tuna product shipments worth USD 284.4 million, revealing a 19.1% decrease compared to 2012. Even though tuna loins went down 11.4% and dried/frozen/fresh/live tuna 27.7%, exports of canned tuna and processed tuna show the opposite, reaching an 11% and 90% increase.

Vietnams tuna exports to Japan also show a vast drop: 24% down in September and 20% in the first nine months of this year.

The raw tuna supply fell due to the decline in tuna production and increase in fishing trip costs. Current improper and inefficient on-board freezing and pre-processing techniques lower the tuna quality significantly.