Tridge summary
Canada ranks 13th in the world in shrimp imports, accounting for 2% of the global total, with Vietnam being the largest supplier at 34% of Canada's total import value. India is the second largest supplier at 28%, followed by China, Thailand, and Indonesia. Canada's market share is shifting towards Vietnam and India, while decreasing for Thailand. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provides tax incentives for shrimp exported to Canada, making Vietnam more competitive. Canada is looking to diversify its market and reduce dependence on US imports, with Vietnam being an affordable market for high-value products and a bridge to expand Vietnamese businesses to other American countries. Canada is also the 7th largest shrimp importer of Vietnam, accounting for 4.8% of Vietnam's total shrimp export value.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the World Trade Center (ITC), Canada ranked 13th in shrimp imports in the world, accounting for about 2% of the total value of global shrimp imports. In particular, Vietnam is the largest shrimp supplier to this country, accounting for 34% of Canada's total shrimp import value. From 2014 up to now, Vietnam has maintained its leading position in supplying shrimp to Canada. India ranks second, accounting for 28%. It is followed by China, Thailand and Indonesia with 13%, 7% and 4% respectively. In the Canadian market, the share of shrimp supply in Vietnam and India is increasing while that of Thailand is decreasing. Before that, around 2013, Thai shrimp to Canada always ranked 2nd in supply to this country. Currently frozen raw shrimp and processed shrimp are the two most imported products into Canada. After the Comprehensive and Progressive Agreement for Trans-Pacific Partnership - CPTPP comes into effect, shrimp exported to this market enjoy tax incentives, so Vietnam ...
Source: VNExpress
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.