After the CPTPP took effect, Canada increasingly ranked in the list of the main tuna export markets of Vietnam. By the end of April 2021, Canada is the fourth largest single tuna export market, accounting for 5% of Vietnam's total tuna exports.
With tariff incentives under the CPTPP and the impact of the Covid-19 pandemic, Vietnam's exports of processed and canned tuna to Canada tend to increase sharply. In the first 4 months of 2021 alone, it is growing strongly by 150% over the same period. In addition, exports of frozen tuna meat/fillets with HS code 0304 are also increasing by 24%.
Canada is currently one of the 20 largest tuna import markets in the world. In which, processed and canned tuna is still the most imported product to this market, accounting for more than 85% of the total export value. In the first quarter of this year, Canada's imports of processed and canned tuna continued to grow at 25% year-on-year.
Vietnam is the third largest source of processed and canned tuna to the Canadian market in the first quarter of this year, but its market share is still very modest compared to neighboring Thailand. It is noteworthy that while Vietnam's exports to this market increased, Thailand's exports decreased during this period.
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.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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