The UK- A stable market for Vietnamese pangasius
08:35 04/24/2024

(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.

(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.

(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.

(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in January 2024, Vietnamese pangasius exports to Germany decreased by 30% compared to last year and reached only nearly 2 million USD.

(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in February 2024, pangasius export turnover reached more than 90 million USD, down 42% compared to the same period last year.

(seafood.vasep.com.vn) The US Department of Commerce (DOC) recently announced the final results of the 19th anti-dumping tax review (POR19) on frozen pangasius fillets in the United States. Vietnam exports to the United States in the period from August 1, 2021, to July 31, 2022; accordingly, six Vietnamese pangasius export enterprises enjoy low anti-dumping tax rates.

(vasep.com.vn) Vietnam's shrimp exports in the first 2 months of this year reached 415 million USD, up 24% over the same period last year. Exports to China and the US markets recorded growth of 143% and 26%, respectively, over the same period.

(seafood.vasep.com.vn) As of February 15, 2024, Vietnamese shrimp exports to Australia reached more than 23 million USD, an increase of 48% over the same period in 2023. Australia is the fifth-largest single market in terms of imports. Vietnamese shrimp account for 7.5% of the total value of Vietnamese shrimp exports to markets.

(seafood.vasep.com.vn) In the first two months of 2024, seafood exports increased by 13% over the same period last year, mainly thanks to a breakthrough increase of 64% in January. Many main products had positive growth in the first 2 months. Last month, white leg shrimp increased by 18%, tuna increased by 21%, pangasius increased by 6.5%, and giant tiger prawn increased by 9%. Notably, lobster

(seafood.vasep.com.vn) This year's net profit of Sao Ta Food Joint Stock Company (stock HS code FMC) is forecast to increase by more than 25% thanks to increased raw material autonomy and a recovery in consumption demand in a series of major markets

(seafood.vasep.com.vn) Vietnam shrimp exports in January 2024 reached 242 million USD, an increase of 71% over the same period in 2023. Except that in 2023, the Lunar New Year falls in January, if compared to the same period in 2023, shrimp export sales in January 2024 were still a positive signal to start shrimp exports in 2024. Raw shrimp prices in some localities also tended to increase in the first month of the year

(seafood.vasep.com.vn) Vietnam's pangasius exports in the first month of 2024 receive a "wave" of growth to most main markets.