In August 2023, pangasius exports to Canada reached nearly 4 million USD, down 4% compared to the same period last year. This is the highest value of pangasius exports achieved to this market since the beginning of the year, an increase of 20% compared to the previous month. The 4% decrease is also the lowest decrease since the beginning of this year for this North American country when in previous months Canada saw double-digit negative growth from 30% - 46%.
Canada continuously ranks No.2 in the CPTPP bloc in importing Vietnamese pangasius, second only to Mexico. Compared to other markets in the same block, Canada imports quite a variety of pangasius products from Vietnam such as: frozen pangasius fillets, frozen pangasius slices/rings/chunks, dried pangasius bladders, and whole pangasius fish, butterfly, pangasius and Thai red curry sauce; pangasius with lemon parsley sauce; pangasius with ginger soy sauce...products with HS code 0304, especially people in this country with the second largest area in the world are very fond of dishes from pangasius fillets and frozen pangasius with HS code 030462. According to the World Trade Center (ITC), in the first 6 months of 2023, Canada imported more than 10 million USD, and nearly 1 million USD for HS 30324 pangasius fillets and fresh/marinated pangasius fillets, respectively. cold HS 030432.
In Canada, Vietnamese pangasius still has to compete with many other white fish products, notably cod, haddock, and tilapia. Also according to ITC, by the end of June 2023, Canada imported 14 million USD of white meat fish from Vietnam while importing 125 million USD of white meat fish products from the world. Vietnam accounts for only 11% of the total white meat fish consumed in this country.
Canada is a seafood market with good prices and stable growth in North America. This CPTPP country also has a close and intimate trade relationship with two markets, the US and China, mainly with products exploited from the sea. The US remains the market with the greatest influence on Canada's seafood trade due to very close trade relations and the longest common border in the world. The event of US President Joe Biden's state visit to Vietnam also upgraded Vietnam - US relations to "Comprehensive strategic partnership" along with the increasingly developing bilateral relationship between Vietnam and Canada. also opens up expectations about the potential for developing the pangasius export industry to this market
(seafood.vasep.com.vn) NAVICO has announced that it has closed the value chain for pangasius fish by ensuring 100% self-sufficiency in feed for aquaculture and raw fish production, creating favorable conditions for a breakthrough in this year's business results.
(seafood.vasep.com.vn) On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
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