Vietnam's tuna exports to Canada have great potential

Published 2024년 4월 23일

Tridge summary

Globally, Thailand, Italy, Vietnam, the United States, Mexico, Indonesia, Ecuador, Sri Lanka, and the Philippines are the leading suppliers of tuna, accounting for 95% of total imports. In 2023, Canada's tuna imports fell to a 10-year low of 35,000 tons, marking a 24% decrease from the previous year. Despite Thailand's dominance in the Canadian market, there's a noticeable shift towards diversifying tuna sources, with imports from Vietnam, Indonesia, and Ecuador on the rise. Vietnamese tuna, in particular, has significantly increased its presence in Canada, with its market share growing from US$21 million to US$34 million over five years. However, processed and canned tuna remain the primary forms of tuna imported into Canada, making up over 80% of total imports, with Vietnam holding a 13% market share, trailing behind Thailand's 52% and Italy's 15%.

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

Original content

Thailand, Italy, Vietnam, the United States, Mexico, Indonesia, Ecuador, Sri Lanka and the Philippines are the nine largest tuna suppliers to the market, accounting for 95% of the total imports. After reaching a peak in 2022, Canada's tuna imports fell to the lowest level in nearly 10 years in 2023, reaching 35,000 tons, a decrease of 24% from 2022. Canada is one of the 15 largest tuna importing countries in the world. Thai tuna products dominate the Canadian tuna market, accounting for 52% of the total tuna imports in the market. In order to avoid over-reliance on tuna supplies from Thai companies, Canadian importers have tended to reduce imports from Thailand in recent years. Canada The import of tuna from Vietnam, Indonesia and Ecuador is increasing. In the past five years, the amount of tuna imported by Canada from Vietnam has increased from US$21 million to US$34 million, an increase of 57%. Canada imports a large amount of processed and canned tuna from other countries, ...

Source: Foodmate