Pangasius- miles to go

(vasep.com.vn) By the end of August 2015, the proportion for pangasius live/fresh/dried/frozen (coded HS 03) has been 98.89% of pangasius exports. Meanwhile, processed fish products (coded HS16) has taken up only 1.11%. The government aimed at raising proportion of added value seafood product to 50% by 2020, and by 2030, the percentage can surpass 60%.

Let's take a look back on 15- year development of Vietnamese pangasius. In 2000, the number of importing markets was limited at 8. The US and Japan were the destination for 83% of all exported pangasius. Export volume of the fish was 689 MT and the value was US$ 2.59 million. At that time, 100% of exported pangasius was frozen.

10 years after the incredible paced development, pangasius was imported into more than 140 markets, including the 5 biggest markets, namely EU, USA, Mexico, ASEAN and Russia. Pangasius exported to these markets accounted for 59% of total volume and 63.3% of total value of Vietnam’s pangasius exports. During this period, the volume of pangasius exported increased 970 times to over 660 thousand MT and export value increased 570 fold to US$ 1.42 billion.

In terms of products, pangasius exported in 2010 diverse into 30 kinds, ranging from whole, cut, fillets to breaded,  potato wrapped potatoes , skewered and so on. The development continued with combination with vegetables and other ingredients to better serve each market. In 2010, processed products (under the code HS16) accounted for 0.75% of total pangasius export value. The Netherlands, Switzerland and Germany are where 70% of pangasius added value products exported to. Australia, Singapore, the Philippines, Pakistan are also markets for this type of product.

As of August, Vietnamese earned US$ 1.02 billion so far in 2015. There have been than 35 kinds of products. The proportion of frozen pangasius (HS 03) in total exports remained high at 98.89%, the other was processed. It is noted that 65% of processed pangasius has been headed for the EU market.

Promotions, branding and the launch of new products are the keys to the next development of the industry.  

 

Pangasius exported from Vietnam Jan-Aug 2015

Pangasius live/fresh/frozen/dried (coded HS03)

Processed pangasius (coded HS 1604)

No

Markets

Value

(US$ mil )

Proportion

(%)

No

Markets

Value

(US$ mil  )

Proportion

(%)

1

US

207.878

20.56

1

Netherlands

3.941

34.87

2

China & Hong Kong

99.641

9.85

2

UK

2.350

20.79

3

Mexico

54.066

5.35

3

Thailand

1.049

9.28

4

Brazil

46.504

4.60

4

UAE

0.690

6.10

5

Saudi Arabia

42.093

4.16

5

Singapore

0.572

5.07

6

Colombia

40.857

4.04

6

Germany

0.514

4.55

7

Netherlands

32.898

3.25

7

Saudi Arabia

0.372

3.29

8

Spain

30.952

3.06

8

China & Hong Kong

0.301

2.67

9

Thailand

30.702

3.04

9

Australia

0.203

1.79

10

UK

29.643

2.93

10

Israel

0.200

1.77

Top 10 total

615.233

60.84

Top 10 total

10.192

90.19

Other markets 

396.003

39,16

Other markets 

1.109

9.81

Total

1,011.236

100.00

Total

11.301

100.00

 


Comment

SPECIALIST ON
PANGASIUS MARKET

Ms Thu Hang

Email: thuhang@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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