Vietnam's pangasius exports to Canada increase sharply again

Published 2024년 11월 6일

Tridge summary

In the first half of October 2024, Vietnam saw a decrease of 33% in pangasius exports to Canada, despite reaching over 1 million USD. Overall, pangasius exports to Canada from January to mid-October 2024 increased by 10% compared to the same period in 2023, totaling 32 million USD. The majority of these exports were frozen pangasius fillets, with a value of 26.5 million USD in the first nine months of 2024, a 10% increase from the previous year. Additionally, exports of other dried and frozen fish products to Canada experienced a 56% increase in the same timeframe, amounting to 4 million USD. However, Vietnamese companies exporting to Canada must contend with stringent regulations regarding food safety, labeling, and environmental standards, highlighting the need for compliance and market understanding to expand their presence in this market.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first half of October 2024, pangasius exports to Canada reached more than 1 million USD, down 33% over the same period last year. Cumulative pangasius exports to this market as of October 15, 2024 reached 32 million USD, up 10% over the same period in 2023. The value of pangasius exports to Canada in the first 3 quarters of this year showed a recovery and quite positive results with continuous positive growth. March 2024 was recorded as the month with the highest export turnover, with more than 4 million USD, up 21% over the same period last year. Notably, after continuous growth in the previous months, in April and August 2024, Canada suddenly reduced its imports of pangasius from Vietnam, with the value reaching 3 million USD, down 21% and 3.3 million USD, down 17% compared to the same period in 2023, respectively. However, in the following months, this market grew positively. Pangasius - ...

Source: VNRuralEconomics