Currently, in the CPTPP bloc, Canada is the second-largest export market for Vietnam’s pangasius enterprises. This is the seafood market with good prices and stable growth in North America. Traditionally, Canada had close trade relations with the US and China; the products were mainly from the sea. However, in the past 3 years, Canada’s importers began to seek and promote imports of aquaculture seafood products, including pangasius and tilapia.
So far, Canada has been a regular export market for more than 30 of Vietnam’s pangasius companies. Particularly, in QI/2022, the 3 pangasius exporters with the largest export value to this market are Vinh Hoan Corp; NTSF Seafoods, and TG Fishery.
In the past 2 years, Vietnam's pangasius exports to Canada have slowed down due to the impact of Covid-19. But in the first quarter of this year, pangasius exports to this market increased sharply again. The average export price of frozen pangasius fillets is relatively good, ranging from 3.15 to 3.35 USD/kg.
Compared to other markets in the CPTPP, Canada imports diverse products such as frozen pangasius fillets, frozen pangasius steak/portions, dried pangasius bubbles, whole butterfly pangasius, pangasius with curry sauce; pangasius with lemon parsley sauce; pangasius with ginger sauce.
Currently, Vietnamese pangasius is still competing with many other whitefish products in Canada, notably cod fish, haddock and tilapia products. However, in recent years, Vietnam’s pangasius products have been gradually taking up the market share of whitefish products.
Due to proximity and close trade relations, the US remains the most significant market of Canada's seafood trade. Therefore, both Canada's seafood exports and imports tend to be affected by changes in the US economy as well as in the US’ consumer demand and seafood trade policies.
At least in 2022, pangasius exports to the US are forecasted to be optimistic and this trend is similar to exports to Canada. Hence, Vietnam’s pangasius enterprises need to take advantage of this opportunity and further promote exports to Canada, the seafood import market with high prices in North America.
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Top 10 Vietnam pangasius exporters to Canada, QI/1, 2022 |
|
|
No |
Exporters |
|
1 |
VINH HOAN CORP |
|
2 |
NTSF SEAFOODS |
|
3 |
TG FISHERY |
|
4 |
IDI CORP |
|
5 |
GODACO |
|
6 |
DATHACO |
|
7 |
BIEN DONG SEAFOOD |
|
8 |
HUNG VUONG CORP |
|
9 |
QUE KY FOODS CORP |
|
10 |
OCEAN GIFT FOODS |
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Compiled by Phuong Linh
(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.
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(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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