QIV/2016: Vietnam pangasius exports to ASEAN to rise 10%

(seafood.vasep.com.vn) Currently, ASEAN stayed as the 4th rank in top largest importers of Vietnam pangasius (after the U.S., EU and China-Hong Kong). As of July 2016, Vietnam pangasius exports to the region valued at US$79.8 million, up 0.2% compared to the same period last year. Out of the bloc, Thailand, Singapore and the Philippines, top 3 largest buyers of Vietnam pangasius, recorded the year-on-year increases of 1.3%; 1.6% and 4.4%, respectively.

So far, ASEAN were not only a large pangasius importing market of Vietnam but also a supplier of raw materials for Vietnam enterprises such as shrimp, cephalopod and some marine finfish. In addition, some exporters in ASEAN are also competitors of Vietnam in major markets.

Currently, Vietnam mainly exported frozen pangasius fillets and frozen pangasius steak to ASEAN. In particular, Thailand claimed as the largest importer, accounting for 35.8% of Vietnam exports to the region and taking up 3.1% of total pangasius exports of Vietnam.

Vietnam is the largest supplier of frozen finfish fillets (HS code 0304) to Thailand, in which, frozen pangasius and catfish fillet (HS code 030462) picked up the biggest share of 18-58% in total import value of frozen finfish. However, until now, frozen pangasius fillets are also subject to competition from some other whitefish products (including Alaska pollock) and other species such as salmon, tuna.

Joining the ASEAN Economic Community (AEC), Vietnam will face the fierce competition when it is not only an integration of goods but also a competition in services, investments, and movements of skilled workers in ASEAN.

In QIV/2016, Vietnam pangasius exports to ASEAN expected to increased by 10% over the same period in 2015.

Seafood products imported into Thailand, Jan-May 2016

HS code

Products

Volume (MT)

Value (Thousand US$)

Jan-May 2015

Jan-May 2016

Variation (%)

Jan-May 2015

Jan-May 2016

Variation (%)

 

Total

607,842

663,566

9.2

995,749

1,074,360

7.9

0303

Frozen whole fish

449,155

435,291

-3.1

594,807

611,503

2.8

0307

Mollusks

76,114

74,935

-1.5

138,137

149,112

7.9

0304

Fresh/chilled/frozen fish fillets, steak

29,022

29,684

2.3

82,686

81,288

-1.7

0306

Frozen crustaceans

11,468

12,357

7.7

66,381

67,724

2.0

1604

Processed fish

15,624

20,333

30.1

54,058

67,226

24.4

0302

Fresh whole fish

20,157

83,132

312.4

38,612

70,474

82.5

1605

Processed crustaceans and mollusks

4,391

5,863

33.5

13,632

19,358

42.0

0305

Grilled/smoked fish

1,414

1,301

-8.0

4,800

5,641

17.5

0301

Live fish

341

338

-1.0

1,322

1,430

8.2

0308

Other marine fish

157

332

111.4

1,314

604

-54.0

Written by Ta Ha

Compiled by Dieu Thuy


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PANGASIUS MARKET

Ms Thu Hang

Email: thuhang@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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