Tra fish exports to EU expected to surge in double digits

Illustration photo

From the beginning of the year to mid-May, tra fish exports to the Netherlands rose by 12.2%, the UK 59.4%, Germany 61.6% and Belgium 63.8%.

In the period, tra fish was listed among the most popular white fish in Europe, making up 9% of the region’s white fish market. Each year, the EU consumes nearly 3 million tons of white fish, 89% of which is imported.

From January 1 to May 15 this year, tra fish exports to the EU reached US$ 105.2 million, up 31.5% against the same period of 2018. 

The growth was largely attributed to four markets, namely the Netherlands, the UK, Germany and Belgium.

In the coming time, with tax advantages from the EU-Viet Nam Free Trade Agreement (EVFTA), tra fish exports to the EU are expected to see positive growth.

Demand for tra fish imports from central and eastern European countries is also increasing. A large proportion of tra fish imported by the Netherlands and Germany has been shipped to central and eastern European nations which do not have big import ports.

Tra fish products labeled by the Aquaculture Stewardship Council (ASC) are likely to be favoured in the European market.

To secure a firm foothold in the market, the tra fish sector needs to strengthen the management and control of food quality and safety, experts suggested.

Last year, tra fish exports to the EU bounced back after declining from 2010 to 2017.

By Vien Nhu