Tridge summary
In 2023, Canada imported tuna from over 43 countries, with the total value being 214 million USD, which was a decrease from the previous year. The nine largest suppliers, accounting for 95% of the total import value, were Thailand, Italy, Vietnam, the USA, Mexico, Indonesia, Ecuador, Sri Lanka, and the Philippines. Thailand's tuna products had the highest market share (52%) in Canada, but Canadian importers have been diversifying their sources and importing more tuna from Vietnam, Indonesia, and Ecuador to reduce dependence on Thailand. Vietnam's tuna exports to Canada saw a 57% increase from 2019 to 2023, despite a dip in 2023 due to economic inflation. Canada imports mostly processed and canned tuna, with over 80% of the total import value. The CPTPP Agreement has significantly boosted canned tuna exports from Vietnam to Canada. However, Vietnam's market share in the frozen tuna meat/loin segment (HS code 0304) is only about 46%, with competition from Indonesia and Ecuador. Canadian demand for products in this segment has not increased substantially.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to statistics from the World Trade Center (ITC), Canada imported tuna from more than 43 countries around the world in 2023, reaching 214 million USD. In particular, Thailand, Italy, Vietnam, the USA, Mexico, Indonesia, Ecuador, Sri Lanka, and the Philippines are the 9 largest tuna suppliers in this market, accounting for 95% of the total import value. In 2023, Canada's tuna imports from major suppliers decreased compared to the previous year. Currently, Thailand's tuna products are dominating the Canadian tuna market, with a proportion of up to 52% of the total tuna import turnover of this market. Therefore, to avoid being too dependent on tuna supplies from Thailand companies, in recent years Canadian importers have tended to reduce imports from this country. And Canada is increasingly expanding its tuna supply from other countries, such as Vietnam, Indonesia, or Ecuador. Vietnam's tuna exports to Canada in recent years Vietnam's tuna exports to Canada from 2019 to 2022 ...
Source: Vasep
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