Export fish to Australia reducing, not increasing prices

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tra-3(vasep.com.vn) Australia is a seafood import market potential. Every year this country must import 50% of fish for domestic consumption. Currently, New Zealand, South Africa, China and other Southeast Asian countries are the largest source of fish supply for Australia.

 2010 to 2011, the total value of Australian seafood imports increased by 1% (16.3 million USD) reached $ 1.5 billion. Of these, 83% of seafood as food, increased by 2% (27 million USD) worth $ 1.3 billion due to lower import unit prices due to the Australian dollar (AUD) surged.

According to the General Department of Customs, Vietnam's seafood export to Australia in the first 6 months of 2012 reached nearly $ 82 million USD, of which fish to 21.3 million USD up about 25%.

As many import markets frozen fish fillets, fresh fish ... Australian consumers would love to use white fish. So Vietnam catfish into consumer goods are selected by meeting the criteria of taste, tasty and high nutrient content.

However, six months of this year, while the value of Australian exports of seafood to the growth rate remains nearly 35% of the fish with your own, re-export value of nearly 6% reduction over the same period in 2011. The value of Vietnam's catfish exports to Australia decreased in 4 out of 6 months, which in March is the most decline. In February and April, the value of Vietnam's catfish exports to this market is slightly better but still just over $ 4 million / month, less than a maximum of $ 4.7 million gain in months of May 2011.

Recently, the opposition leader in Australia, Mr Tony Abbott, said that seafood prices will increase by the government's carbon tax (a kind of environmental tax imposed on carbon in the fuel is used). Energy costs and transportation will increase and this will cause consumers to suffer seafood prices increased because of the carbon tax will affect activities such as refrigeration and transportation of aquatic products made ​​outside the fishery when put to sea outlets and retail stores will be more expensive.

According to the company, the export price in this market there is no clear trend, the market remains import stabilization. However, when seafood prices in this market growth will likely lead to price seafood imports increased.

 

Australia is a very competitive market by goods from various countries around the world and goods of domestic companies. Australia also presents some technical standards for the application to limit import. In different states, the standards of goods also have differences. Australia also has trade policy framework is quite comprehensive, the economy is highly competitive, stable economic structure. This is an open economy with the tax system for many incentives for businesses.

Agreement establishing the Free Trade Area ASEAN - Australia - New Zealand (AANZFTA) was signed on 02.27.2009 in Thailand and take effect from 01.01.2010. As scheduled, Australia has committed to reduce tariff to 0% for fish and fish products from Vietnam. This is a good sign for the export business because the market will reduce the pressure to compete with companies of other seafood exporting countries.

NT

 

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