Canada mainly shrimp products from Vietnam such as frozen PTO fresh black tiger shrimp; frozen HLSO EZP fresh whiteleg shrimp; frozen whiteleg shrimp (peeled, head off, tail on); frozen fresh Nobashi headless prawns; Fresh black tiger shrimp (head off, shell on, tail on); frozen HLSO headless fresh prawn, frozen whole black tiger shrimp; frozen prawns head on; frozen breaded whiteleg shrimp; frozen whiteleg shrimp (head off, tail on, marinated); Frozen steamed whiteleg shrimp PTO.
In terms of geographic location, Canada is adjacent to the US. The country has a high income per capita. Moreover, Canada is enjoying tax incentives from CPTPP, so there are many opportunities for Vietnamese shrimp exports to this market.
According to the International Trade Center (ITC), Canada ranked 13th in shrimp imports in the world, accounting for about 2% of the total world shrimp import value. In the first six months of 2020, Canada's shrimp imports reached nearly US$ 213 million, up 0.5% year on year.
Vietnam is the largest shrimp supplier to Canada, accounting for 34% of Canada's total shrimp imports. From 2014 up to now, Vietnam has maintained its leading position in supplying shrimp to Canada. India ranks second in supplying shrimp to Canada, accounting for 28%. It is followed by China, Thailand, and Indonesia representing 13%, 7%, and 4% respectively. In the Canadian market, the shares of Vietnam and India have been increasing while the shares of Thailand has been decreasing.
According to ITC data, in the first 6 months of 2020, among the top 5 main suppliers, shrimp imports into Canada from Vietnam and India increased while imports from China, Thailand and Indonesia shrunk. In which, shrimp imports from Vietnam jumped the most by nearly 20%, reaching US$ 73.2 million; Imports from India rose by nearly 3% to nearly US$ 60 million. Shrimp imports from Thailand to Canada recorded the strongest drop of 33% in the first 6 months of 2020.
Frozen raw shrimp (HS 030617) and processed shrimp (HS 160521) are the two most imported products into Canada. In the first 6 months of 2020, shrimp HS code 030617 imported into Canada reached over US$ 152 million, up 5% over the same period in 2019. Shrimp imports HS code 160521 plunged by 13% to over US$ 51 million. Imports of frozen shrimp (HS 030616) into Canada dipped by 20% compared to the same period in 2019.
The Government of Canada requires of diversifying markets, reducing dependence on imports from the US. Vietnam is one of the countries that Canadian businesses are interested in promoting import and export activities. Canada can afford to pay for high-value products. This is an important bridge for Vietnamese businesses to expand their markets to other American countries.
Canada has been consuming more and more warm water shrimp from Southeast Asian countries in the context of the decline in cold water shrimp supplies. According to a recent survey, shrimp accounts for 50% of the total seafood products imported into Canada, and the tendency of households to buy shrimp for home processing has been increasing. In the first months of 2020, Canada was also one of the countries affected by the Covid-19 epidemic with more than 147 thousand cases and more than 8 thousand fatalities. The trend of buying processed shrimp for home-consumption is also quite popular in Canada.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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