In the first four months of 2020, Vietnam's shrimp exports to Canada reached US$ 49.4 million, up 31.2% over the same period in 2019. Particularly in April, shrimp exports to this market spiked by nearly 51% to over US$13 million.
As of the first half of May 2020, shrimp export to Canadian market was US$54.7 million, up by nearly 32% year on year. Since the beginning of the year, shrimp exports to Canada only dived in January, exports in the remaining months were positive double-digit growth.
Vietnam's shrimp exports to Canada grew continuously from 2016 to 2018, slightly decreased in 2019, and continued to recover positive growth in the first months of this year. Canada is considered as a potential market of Vietnamese shrimp.
In the structure of Vietnamese shrimp products exports to Canada, the percentage of whiteleg shrimp is increasing. Canadian consumers are favor of shrimp products such as headed and peeled whiteleg shrimp; steamed whiteleg shrimp (headed, peeled and tail on); frozen breaded whiteleg shrimp; frozen boiled whiteleg shrimp (headed, peeled and tail on); Nobashi whiteleg shrimp; frozen steamed PTO black tiger shrimp, frozen/live PTO black tiger shrimp (headed)...
Canada consumes a lot of warm water shrimp of Southeast Asian countries in the context of declining in the supply of coldwater shrimp. According to a recent survey, shrimp accounts for 50% of all seafood products imported into Canada, and the trend of buying shrimp for home processing of Canadian households is increasing. In the first months of 2020, Canada was also one of the countries affected by the Covid-19 epidemic with more than 97,000 cases and nearly 8,000 deaths toll. Buying home-cooked shrimp is also common in Canada.
According to data from the International Trade Center, in the first three months of 2020, Canadian shrimp imports declined slightly compared to the same period in 2019. India, Vietnam, Thailand, China, and Ecuador, respectively, are the largest shrimp suppliers in Canada. Regarding the average export price, the average price of Vietnamese shrimp was the highest among suppliers in the Canadian market. Regarding the proportion of shrimp exports to Canada, in recent years, the percentage of Indian and Vietnamese shrimp has increased while the proportion of Thai and Chinese shrimp has been declining. In the first 3 months of 2020, Canada also sharply reduced shrimp imports from Thailand and China.
The Government of Canada needs of diversifying markets, reducing dependence on imports from the US, and Vietnam is one of the countries where Canadian businesses are interested in promoting import and export activities. Canada is an affordable market for high-value products and is an crucial bridge for Vietnamese enterprises to expand their markets to other American countries.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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