Vietnam tuna sales to Canada in August 2015 reported tremendous surge while exports of the item to other leading markets fell down. Tuna sales in the month watched year-on-year increase of 61% to reach US$1.4 million. However, tuna sales in the first 8 months of the year hit US$6.1 million, down 27.6% year on year due to reduction in export revenue of previous months.
Canada imports mainly dried/frozen/live/fresh tuna from Vietnam, accounting for 80% of Vietnam’s total tuna exports to the market with value of US$5 million. In which tuna loin took the largest proportion of 61% with the value of US$3.8 million.
Through June 2015, Canada imported nearly 19.6 thousand of MT, worth by US$91.6 million, up 15% in volume and 7% in value.
Canada mainly consumes canned tuna. The statistics from International Trade Center (ITC) showed that imports of canned tuna into Canada in Jan-Jun 2015 touched US$76 million, occupying 83% of total tuna import value. Canada is raising importing the item while the market reduced importing dried/frozen/live/fresh tuna (except for tuna loin).
According to ITC, Canada imports tuna from 53 suppliers in the world in which Thailand, Philippines and Vietnam are leading ones. Thailand is the largest tuna supplier to Canada with its market share of 84%, followed by Philippines and Vietnam with the market share of 4% and 2.6%, respectively. So far this year, tuna imports into Canada from Vietnam reported a year-on-year drop while imports from almost suppliers out of top 10 leading suppliers to Canada reported the increase.
In the last months of this year, Vietnam tuna exports to Canada are expected to report a year-on-year growth.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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