Vietnam’s tuna exports to Canada surge 44% in September

According to the latest statistics from Vietnam Customs, tuna exports to Canada reversed in September, increasing 44% year-on-year to more than US$3 million. ​ Vietnam's seafood export report shows that after a period of sustained high growth in 2022, tuna exports to the Canadian market have been "hit" by inflation, which directly affects consumer demand and limited orders. As a result, Vietnam's tuna export turnover to this market has continued to decline. Since the beginning of 2023 and cumulatively in the first nine months of 2023, tuna exports to this market have dropped by 47% year-on-year. ​ According to data from Agriculture and Food Canada, fish and seafood consumption per household will be approximately C$314 in 2021, with an average compound annual growth rate (CAGR) of 5.6% during 2017-2021. It is expected that by 2026, per Household seafood consumption will increase to CAD 348, with a compound growth rate of 2.1% from 2021 to 2026. ​ In 2022, Canada became the ...