Vietnam's pangasius exports to Canada show steady growth in first three quarters

Published 2024년 11월 21일

Tridge summary

Vietnamese pangasius exports to Canada experienced a positive recovery from 2023, with a peak in March 2024 at over US$4 million. However, there were declines in import value in April and August 2024. The first nine months of 2024 saw a 10% increase in exports of over US$26 million, primarily frozen pangasius fillets. There was also a 56% growth in exports of other dried and frozen fish products. The export of value-added pangasius products had a volatile performance. Canada's imports of frozen pangasius fillets from Vietnam reached nearly 7,000 tonnes, a 49% increase year-on-year. The Vietnam-Canada economic relationship, under the CPTPP, plays a significant role in supporting these exports. However, Vietnamese businesses need to comply with Canadian regulations and understand market trends to further penetrate the Canadian market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The value of Vietnamese pangasius exports to Canada showed a positive recovery during the first three quarters of 2024, marked by continuous growth. March 2024 recorded the highest export value, exceeding US$4 million, up 21% from March 2023. However, after several months of growth, pangasius imports from Vietnam to Canada declined in both April and August 2024, with the export value falling to US$3 million, down 17% from the same months of 2023. Despite these declines, exports recovered in the following months. Canada mainly imports frozen pangasius fillets from Vietnam. In the third quarter of 2024, frozen pangasius fillet exports to Canada were worth US$9 million, down 6% from the same period in 2023. In total, Vietnam exported over US$26 million worth of frozen pangasius fillets to Canada in the first nine months of 2024, up 10% year-on-year. This growth was largely driven by strong exports in the first quarter of the year, which accounted for 86% of the total pangasius export ...

Source: Fishretail