Vietnam pangasius compete with Alaska pollock in Germany

(seafood.vasep.com.vn) Currently, Germany stayed as the 4th biggest importer of Vietnam pangasius in the EU (after the UK, the Netherlands and Spain). As of Aug 2016, Vietnam pangasius exports to Germany valued at US$19.7 million, up 4% compared to the same period last year. Out of top 4 largest importing markets in the bloc, shipments to Germany showed the highest growth, while those to others posted the decreases.

EU’s demand continued to decline in the second consecutive year, which also impacted on Vietnam pangasius exports to Germany. Normally, Germany imports frozen pangasius fillets from Vietnam for domestic consumption and processing to re-exports to intra-EU countries.

According to the ITC, Vietnam recently was the largest supplier of pangasius and the 4th biggest supplier of whitefish products to this market.

However, Vietnam pangasius had to compete strongly with whitefish products in Germany, including Alaska pollock. According to ITC, the average import price of frozen pangasius fillets from Vietnam was cheaper than that of frozen Alaska pollock fillets from China in the first half of 2016. In which, the price of Alaska pollock ranged from US$2.79 to 2.9 per kilo, while that of frozen pangasius was from US$2.2 to 2.6 per kilo.

Germany remains as a potential market of Vietnam pangasius in the EU. In the coming time, along with the UK and the Netherlands, Vietnam pangasius exports to Germany can take up a larger market share.

Whitefish imports into Germany, Jan-Jun 2016 (Thousand US$)

No.

Suppliers

Jan

Feb

Mar

Apr

May

Jun

 Jan-Jun 2016

1

China

 28,188

 27.950

 24.812

 22.632

 23.184

 24.042

  150.808

2

U.S

 14,413

 14.243

 11.883

   9.420

   8.517

   9.357

    67.833

3

Poland

   5,364

   6.386

   4.862

   3.129

   4.752

   5.284

    29.777

4

Vietnam

   1,878

   3.198

   4.484

   6.254

   4.728

   6.133

    26.675

5

Denmark

   3,311

   3.892

   3.966

   2.213

   2.600

   2.634

    18.616

6

Netherlands

   1,463

   1.443

      989

   7.304

   4.156

   3.135

    18.490

7

Russia

   2,686

   2.662

   2.562

   2.513

   2.521

   2.455

    15.399

8

The UK

   1,388

      603

      451

      370

   1.144

   1.299

       5.255

9

Argentina

      312

   1.004

      526

      923

   1.084

   1.161

       5.010

10

Namibia

      790

   1.281

      837

      917

      276

      236

       4.337

11

Sweden

      298

      260

   2.417

         84

      404

      132

       3.595

12

France

      214

      269

      433

      196

      223

      175

       1.510

13

Peru

      179

      445

      254

      223

         92

      212

       1.405

14

Lithuania

      139

      309

          -  

      216

         95

      312

       1.071

15

Indonesia

         79

         99

      115

      168

      329

      231

       1.021

16

Taiwan

         69

      184

      189

      126

      232

      115

          915

17

Portugal

         37

         81

      174

         42

      241

         59

          634

18

Belgium

      143

         10

      131

         12

         84

         75

          455

19

Spain

         44

         17

         49

         42

         42

         38

          232

20

Iceland

         20

         28

         33

         37

         31

         27

          176

Source: ITC

Written by Ta Ha

Compiled by Dieu Thuy


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