Vietnam's tuna exports to Canada continue to grow in the first two months of this year

Published 2024년 4월 8일

Tridge summary

In February 2024, Vietnam's tuna exports to Canada experienced a remarkable surge, recording a 146% increase from the previous year, with earnings reaching nearly US$5.5 million by the end of February, a 68% year-on-year growth. The primary Vietnamese tuna products imported by Canada are frozen tuna meat/fillet and canned tuna, witnessing a 150% and 25% increase in exports, respectively. Despite being the third largest tuna supplier to Canada in 2023, behind Thailand and Italy, Vietnamese exporters face potential challenges due to Canada's enhanced regulatory policies aimed at protecting its domestic market. This development occurs amidst a shift in Canadian consumer preferences towards other protein sources like beef and chicken due to economic challenges, leading to a reduced consumption of seafood.

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

Original content

In February 2024 alone, tuna exports to this market increased by 146% compared with the same period last year. By the end of February 2024, Vietnam's tuna exports to Canada totaled nearly US$5.5 million, up 68% year-on-year. Canada mainly purchases frozen tuna meat/fillet products and canned tuna from Vietnam. Compared with the same period last year, the export volume of these two categories of products increased by 150% and 25% respectively. According to statistics from the International Trade Center (ITC), Vietnam was Canada's third largest tuna supplier in 2023, second only to Thailand and Italy. Last year, Canada's purchases of tuna from major suppliers decreased. The reason is that in recent years, due to economic difficulties, Canadian consumers have shifted from seafood to beef, chicken and other protein products, resulting in a decline in ...

Source: Foodmate