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Pangasius exports to Canada increased by nearly 70%

Processing pangasius for export at a business in the Mekong Delta. (Photo: employees)

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of mid-April, the total export value catfish from Vietnam to Canada reached 17.2 million USD, an increase of nearly 70% compared to the same period in 2021. This is the second largest export market, good price and stable growth in the CPTPP market block of Vietnamese pangasius. .

In the past two years, Vietnam’s pangasius exports to Canada have slowed down due to the impact of COVID-19. However, in the first quarter of this year, Vietnam’s pangasius exports to this market increased sharply again. The average export price of frozen pangasius fillets is relatively good, ranging from 3.15 to 3.35 USD/kg.

Compared to other markets in the CPTPP, Canada imports quite diverse products such as: frozen pangasius fillets, frozen pangasius cut/slices/pieces, dried pangasius bubbles, pangasius and Thai red curry sauce. ; pangasius with lemon parsley sauce; Pangasius with ginger sauce…

Currently, Vietnamese pangasius is still competing with many other white fish products in Canada, notably cod and haddock, and tilapia. However, in recent years, Vietnamese pangasius products are gradually taking up the market share of white fish products.

According to VASEP, at least in 2022, pangasius exports to the US market are forecasted to be optimistic, this trend is similar to exports to Canada. Therefore, Vietnamese pangasius businesses need to take advantage of this opportunity to further promote exports to Canada – the high-priced seafood import market in North America.

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