Tuna exports to Canada increased sharply

Published Apr 2, 2024

Tridge summary

Vietnam's tuna exports to Canada have shown a remarkable increase in the early months of 2024, with a notable 146% rise in February alone, culminating in nearly 5.5 million USD - a 68% increase from the same period in 2023. This growth is primarily in frozen tuna meat/loin and canned tuna, witnessing a 150% and 25% increase in exports, respectively. Despite a significant drop in 2023 due to decreased seafood consumption in Canada, the market is rebounding, buoyed by predictions of rising seafood demand in the coming five years. Vietnam now stands as the third-largest tuna supplier to Canada, trailing behind Thailand and Italy.
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 February this year, tuna exports to Canada increased by 146% over the same period last year. Overall, in the first 2 months of 2024, tuna exports to Canada reached nearly 5.5 million USD, an increase of 68% over the same period in 2023. Canada is currently importing mainly frozen tuna meat/loin products and canned tuna from Vietnam. Compared to the same period in 2023, exports of frozen tuna meat/loin and canned tuna to Canada increased by 150% and 25%, respectively. According to the International Trade Center (ITC), Vietnam is the third largest tuna supplier to Canada in 2023, after Thailand and Italy. However, Vietnamese tuna exports to Canada decreased last year (down 35%) when reaching only 34 million USD. Tuna exports to Canada decreased sharply in 2023 because Canada's tuna imports from major suppliers largely decreased. Economic difficulties have led to a recent decline in Canadian seafood ...
Source: Agriculture

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