Seafood Market News

Spain Increased Tuna Imports From Vietnam

Thứ năm,20/12/2018
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However, compared with the same period last year, Spain's imports of tuna from other countries did not increase much. According to Eurostat statistics, in the first seven months of this year, Spain's tuna imports increased only 0.1% in volume and 13% in value. Processed canned tuna and frozen yellowfin tuna continues to be the main products of Spain.

Ecuador is currently the largest supplier of tuna to the Spanish market, accounting for 21% of the market share, followed by China and the Philippines with the market share of 11% and 6% respectively. Vietnam is currently the 14th largest supplier, accounting for just under 1%.

This year, Spain's tuna imports from Ecuador fell, due to the limited supply. In addition, because of the application of tariff quotas of 25,000 for tuna fillets in the early months of this year, Spain is increasing the imports of this product from China and Vietnam.

For canned tuna products (Hs code 16), Vietnam have difficulties to compete with the 20.5% import tax rate, while Ecuador has the advantage of zero tariffs, which makes it the largest supplier in Spain. Vietnam ranks 15th, under both China and the Philippines. China is subject to a 24% tax rate higher than Vietnam, while the Philippines enjoys a 0% tax rate.

For frozen tuna fillet products for the Spanish market, Vietnam is the third largest supplier, however, with a 14.5% import tax rate, Vietnam has no advantage over Mexico and Ecuador, as the two countries are enjoying a 0% tax rate and becoming the leading the export of frozen tuna fillets to Spain.

TUNA IMPORTS TO SPAIN

Suppliers

Value (thousand US$)

Volume (MT)

M1-7/2017

M1-8/2018

Variation (%)

M1-7/2017

M1-8/2018

Variation (%)

Ecuador

199,952

169,688

-15.1

42,047

32,499

-22.7

China

47,955

91,650

91.1

12,005

17,390

44.9

Philippines

31,397

48,272

53.7

9,722

12,958

33.3

Mauritius

33,950

47,185

39.0

7,569

10,728

41.7

Papua New Guinea

31,827

46,096

44.8

7,345

8,449

15.0

Seychelles

27,639

37,302

35.0

11,806

17,764

50.5

El Salvador

41,014

36,833

-10.2

16,210

8,161

-49.7

Guatemala

47,446

36,667

-22.7

14,750

10,937

-25.8

Mexico

21,356

34,262

60.4

5,942

7,166

20.6

Cabo Verde

15,166

23,163

52.7

5,561

8,060

44.9

Korea

12,918

19,856

53.7

4,389

6,457

47.1

Curaçao

13,737

17,357

26.4

7,256

8,915

22.9

Indonesia

11,692

15,992

36.8

3,820

3,142

-17.8

Vietnam

9,954

11,099

11.5

2,823

2,106

-25.4

Others

160,650

159,764

-0.6

52,436

49,218

-6.1

Total

706,653

795,186

12.5

203,681

203,950

0.1

(Source: ITC)

Source: http://seafood.vasep.com.vn

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