Pangasius exports to the US fell, price increased

(vasep.com.vn) According to the Vietnam General Customs, the fish exports to the US in the first 10 months of this year reached US$ 273.3 million, down 16.2% from the same period last year.

The US market ranked the second largest importers, accounting for 18.7% of the total pangasius exports. 

The economic downturn during this period was one of the reasons caused declined seafood sales (including pangasius exports) of Vietnam. Besides, high anti-dumping tariffs for Vietnamese companies also hindered pangasius exports to the US.

Although the fish exports to this market fell but the average export price rose nearly 4%. The average price of Vietnam pangasius exported to the US in the first nine months of 2014 was at US$ 3.09/kg, an increase of 1.31% compared to the same period in 2013.

Pangasius is still the 6th in the top 10 consumed seafoods in the US.  According to the US Department of Commerce, based on data from the National Fisheries Institute (NFI), compared with 2013, fish consumption per capita increased by 0.1 pound. The market is a big consumer, but fish consumption per capita is much lower than in other developed countries. Top 10 seafood products accounted for nearly 97% of all seafoods consumed in the US.

 

Vietnam Pangasius & other catfish imported by the US, Jan – Sept 2013-2014 (Source: NMFS)

 

2013 (kg)

2014 (kg)

ARGENTINA

222,443

104,828

BANGLADESH

71

16,330

BRAZIL

286,652

130,866

BURMA

4,695

3,871

CANADA

2,880

0

CHILE

4,808

0

CHINA

6,623,345

6,232,473

TAIWAN

20,275

0

EL SALVADOR

14,459

22,612

FRENCH POLYNESIA

580

1,356

GHANA

322

0

GUINEA

197

0

GUYANA

0

3,282

HAITI

5,508

11,363

ICELAND

27,960

21,857

INDIA

2,449

3,375

INDONESIA

9,708

0

MALAYSIA

9,900

2,098

MEXICO

59,573

0

NEW ZEALAND

16,573

0

NORWAY

8,052

61,350

PHILIPPINES

97,532

19,372

PORTUGAL

0

2,364

RUSSIA

13,474

18,617

SIERRA LEONE

748

6,350

SOUTH KOREA

52,425

3,699

SPAIN

0

7,003

THAILAND

11,766

25,833

UGANDA

14,582

128,664

VENEZUELA

0

6,524

VIETNAM

83,349,594

72,945,259

TOTAL

90,860,571

79,779,346


Comment

SPECIALIST ON
PANGASIUS MARKET

Ms Thu Hang

Email: thuhang@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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