The value of Vietnamese pangasius exports to Canada showed a positive recovery in the first three quarters of 2024, marked by continuous growth. March 2024 recorded the highest export value, surpassing 4 million USD, a 21% increase over March 2023. However, after several months of growth, pangasius imports from Vietnam to Canada dipped in both April and August 2024, with export values falling to 3 million USD—down 17% compared to the same months in 2023. Despite these drops, exports rebounded in the following months.
Canada primarily imports frozen pangasius fillets from Vietnam. In the third quarter of 2024, exports of frozen pangasius fillets to Canada totaled 9 million USD, a 6% decrease compared to the same period in 2023. In total, Vietnam exported over 26 million USD worth of frozen pangasius fillets to Canada in the first nine months of 2024, a 10% increase year-over-year. This growth was largely driven by strong exports in the first quarter of the year, which accounted for 86% of the total pangasius export value to this market.
In addition, exports of other dried and frozen fish products (such as whole, sliced, and frozen fish) saw a significant 56% increase in the first nine months of 2024, with a total export value of 4 million USD. This growth was especially driven by a strong surge in the third quarter. In July 2024, the export value of these products reached its highest point at 770 thousand USD, reflecting a 71% year-over-year increase.
The export of value-added pangasius products to Canada has been more volatile. In February 2024, exports of value-added pangasius products were almost non-existent. However, in July 2024, this category saw a dramatic spike, with exports reaching over 158 thousand USD—a 425% increase compared to July 2023. By September 2024, exports of value-added pangasius products had fallen to just 7,000 USD, a 75% decrease from the same month in 2023.
According to data from the International Trade Centre (ITC), Canada’s largest import of frozen pangasius fillets (HS code 030462) in the first eight months of 2024 was nearly 7,000 tons, reflecting a 49% year-over-year increase and accounting for 19% of Canada's total white fish imports. Vietnam remains the largest supplier of frozen pangasius fillets to Canada. Other key white fish imports to Canada in the same period included frozen cod (HS code 030363) at over 5,000 tons (down 38%), frozen haddock fillets (HS code 030472) at over 3,600 tons (up 13%), and frozen Alaska pollock fillets (HS code 030475) at over 3,500 tons (up 120%).
Pangasius exports to Canada have been bolstered by trade agreements under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with the Vietnam-Canada economic relationship serving as one of the most effective models for CPTPP implementation. However, Canadian consumers are becoming increasingly selective about the seafood they purchase, demanding high standards of quality, food safety, hygiene, labeling, and environmental sustainability.
To deepen their presence in the Canadian market, Vietnamese enterprises must stay well-informed of both federal and provincial regulations. Adapting to Canadian market trends, including the preferences of niche consumer segments, will be crucial. Canadian consumers are often open to trying new products, particularly if they are competitively priced.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn