Nov 2016: Soar in Vietnam’s pangasius sales to Singapore

(seafood.vasep.com.vn) As of Nov 2016, Vietnam’s pangasius exports to ASEAN valued at US$123.3 million, accounting for 8% of total pangasius exports, and increasing by 0.4% year on year. Of that, exports to top 3 largest importers in the region including Thailand, Singapore and the Philippines rose by 0.1 - 3.5% compared to the same period in 2015. In Nov 2016, exports to Singapore climbed up nearly 43% over the same period last year.

Thailand stayed as the largest buyer of Vietnam’s pangasius in ASEAN, making up 2.8%, equal to the export value of the Netherlands (the largest importer in EU). Therefore, Vietnam’s pangasius exports to Southeast Asia, including Thailand are increasingly growing.

According to the ITC, in the first 10 months of this year, imports of whitefish products, including Vietnam's pangasius into Thailand, Singapore, Malaysia and the Philippines recorded good growth. The average import value into Thailand ranged from US$3.45 to 8.3 million per month, while that into Singapore was about US$2.3-5.5 million per month.

Viet Nam claimed as the main supplier of pangasius to Thailand. In recent years, imports of some seafood items from Viet Nam into Thailand such as shrimp, squid, octopus, tuna, as well as pangasius remained stable.

Besides pangasius from Viet Nam, Thailand also imported some whitefish products from the US, Russia and Norway for processing and re-exporting such as frozen Alaska pollock, frozen cod.

Through the end of 2016, total export value of Vietnam’s pangasius to ASEAN forecasted to rise by 5% over the previous year.

Imports of whitefish products into ASEAN, Jan-Oct 2016 (Thousand US$)

Markets

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Thailand

3,661

3,452

5,848

6,720

8,341

6,240

4,146

7,648

6,659

6,177

Malaysia

3,283

2,483

3,590

2,927

4,202

2,736

3,082

3,097

3,090

2,822

Brunei

97

48

119

3

54

151

6

51

-

-

Indonesia

277

263

48

261

35

256

37

-

-

-

Philippines

104

5

43

-

29

61

219

-

22

-

Singapore

5,581

2,392

3,425

2,959

2,694

4,425

-

-

-

-

Total

13,003

8,643

13,073

12,870

15,355

13,869

7,490

10,796

9,771

8,999

Source: ITC

 

Imports of whitefish products into Thailand, Jan-Oct 2016 (Thousand US$)

Products

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Jan-Oct 2016

Frozen pangasius and catfish fillets (HS 030462)

3,142

2,812

4,567

3,152

3,790

4,541

3,203

4,125

3,290

3,276

35,898

Alaska pollock meat (HS 030494)

66

123

271

1,750

2,880

1,086

199

336

1,197

1,605

9,513

Frozen Alaska fish (HS 030367)

44

-

537

1,242

960

23

221

2,826

1,312

594

7,759

Frozen Alaska fish fillets (HS 030475)

-

-

-

-

172

-

39

2

20

278

511

Frozen cod (HS 030363)

109

96

153

269

299

331

284

177

612

194

2,524

Frozen tilapia fillets (HS 030461)

79

-

113

115

113

145

7

4

35

106

717

Frozen hake (HS 030366)

6

160

-

-

-

-

51

68

-

54

339

Frozen cod fillets (HS 030471)

147

63

52

131

53

67

99

12

77

26

727

Frozen tilapia (HS 030323)

27

144

48

5

33

-

4

22

46

22

351

Fresh/chilled cod (HS 030251)

22

44

38

28

27

28

31

37

30

18

303

Written by Ta Ha

Compiled by Dieu Thuy


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SPECIALIST ON
PANGASIUS MARKET

Ms Thu Hang

Email: thuhang@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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