According to the Agency of Foreign Trade (Ministry of Industry and Trade), in March 2022, Vietnam's seafood exports to Canada reached 35.35 million USD, up 24.7% compared to February 2022 and up 51.1% compared to March 2021. In the first three months of 2022, Vietnam's seafood exports to Canada reached 95.3 million USD, up 61.4% over the same period last year.
In which, frozen shrimp is Vietnam's main export seafood product to Canada, accounting for 64.3% of the total export turnover to this market. The next major export items include frozen pangasius, frozen tuna, canned tuna...
In QI/2022, there was a change in the structure of seafood products exported to Canada. Accordingly, the proportion of frozen shrimp and frozen pangasius increased. The share of frozen tuna in the total value of seafood exports to Canada increased, while the proportion of canned tuna exports decreased compared to the same period in 2021.
According to the data of Canada Customs, in the first 2 months of 2022, Canada’s seafood imports reached 485.3 million USD, up 20.8% compared to the first 2 months of 2021. In which, Vietnam was the fourth largest seafood supplier to Canada, accounting for 7.1% of Canada's total seafood imports. In the first two months of 2022, Canada’s three largest seafood suppliers are the US, China and Chile.
Due to a population of nearly 38.3 million people and Canada's immigration policy, the demand for seafood in this market is constantly increasing.
Canada's average seafood consumption is 9.14 kg/person/year. Hence, this will be a potential market for Vietnam's seafood export industry, especially when most of Vietnam’s key seafood products enjoy Canada’s import tax of 0%. According to the Agency of Foreign Trade, in the coming time, Vietnam's seafood exports to Canada are forecasted to continue to increase sharply due to the increasing demand for seafood in this market.
Compiled by Phuong Linh
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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