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In 2020, the consumption of canned tuna will increase globally, and it will be active in international trade. In contrast, demand for non-canned products has fallen sharply due to the restrictions on exports of the food industry due to the new crown epidemic. (The latest data comes from the United Nations Food and Agriculture Organization).
According to a report by the Food and Agriculture Organization of the United Nations, the price of tuna raw materials is likely to remain stable in the first quarter of 2021, because the catch rate in the main fishery production areas remains at a low-to-medium level, while the demand for canned tuna may increase. The report added that in the first quarter of 2021, due to the long-term lockdown policies implemented by many countries during the epidemic, the global import demand for tuna may increase. In 2020, the demand for frozen seafood in large-scale production bases in Europe and Asia will increase to cope with the increase in market demand. However, when tuna canneries around the world need more primary products to match the growing demand, the flow of aquatic products has been disrupted by the epidemic. In the fourth quarter of 2020, the catches in major oceans were low to medium level, and the prices of raw materials remained stable. (The above news comes from FAO).
Supported by the increase in global canned tuna sales, the demand for semi-finished products of fresh tuna and loin used for the production of canned food in Southeast Asia and Europe will also increase in 2020.
In the first nine months of 2020, the tuna exporting countries: Thailand, Ecuador, China, Spain, and the Philippines, which replaced Indonesia as the fifth largest exporter, all showed an increase in export volume. The main markets for product supply, such as the United States, increased significantly by 47 %, Europe grew by 25%.