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) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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