Pangasius

Indonesia is increasingly viewing the Middle East as a lucrative potential market for the country's pangasius and is showing intentions of competing with Vietnam in this region, said Vietnam Association of Seafood Exporters and Producers (VASEP).

(seafood.vasep.com.vn) As of the first half of May, 2019, Pangasius export value to EU market reached US$105.2 million, up 31.5% over the same period in 2018. In particular, exports to the four largest single importers all went up. The Netherlands increased by 12.2%; England climbed by 59.4%; Germany lifted by 61.6% and Belgium increased 63.8% over the same period last year. Thus, from the beginning of 2019, pangasius exports to EU has shown signs of clear growth after a long period of continuous decline.

(seafood.vasep.com.vn) In 2018, the value export of pangasius to the market of 10 countries CPTPP reached US$328.3 million, up 17.3% over the previous year. In particular, the export value to most countries achieved positive growth, except for the two Mexican markets which decreased by 4.65% and Peru declined by 19.6%.

Mekong Seafood Connection Company – Meksea is recognized as the leading seafood distributor in Vietnam from 2010 and been distributing to over 80 markets in the world.

(seafood.vasep.com.vn) In 2018, the export value of pangasius and basa fish to the Korean market reached US$5.75 million, up 28% year on year. However, in the first 4 months of this year, the export value of this product to Korea decreased by more than 14% over the same period in 2018. So far, Korea is still a small market for Vietnamese pangasius.

(seafood.vasep.com.vn) Through online channels such as China's leading e-commerce platform Alibaba, Vietnam's pangasius products have appeared in many major Chinese cities.

(seafood.vasep.com.vn) In the first three months of 2019, the total export value of pangasius to the Russian market reached 4.88 million USD, down 12.6% year on year.

(seafood.vasep.com.vn) Pangasius exports to Mexico as of the first half of February 2019 reached US$19.8 million, up 18.2% over the same period in 2018. Mexico was still the fifth largest Pangasius export market of Vietnam.

(seafood. vasep.com.vn) There was a fastidious importer in Asia that has started to "open up" to receive Vietnamese pangasius. 2018 marked the growth of Pangasius exports to Japan with an increase of 37.6% in total pangasius export value compared to 2017. Continued the upward trend, in the first 3 months of 2019, pangasius exports to Japan reached US$8.58 million, up 60.37% over the same period in 2018. This value was higher than the results to some potential markets such as UAE, Egypt, Germany or Belgium.

(seafood.vasep.com.vn) Thanks to favorable selling prices, gross profit margins of many pangasius businesses increased and helped these companies continue to earn big profits in the first quarter of 2019.

(seafood.vasep.com.vn) Q.IV/2018, Pangasius export revenue to ASEAN markets reached US$57 million, up 35.6% compared to the same period in 2017. In 2018, the export turnover of pangasius to this market reached US$202.6 million, up 41.5% for which the 3 largest single export markets were: Thailand increased by 48.8%; Singapore increased by 20.7% and the Philippines increased by 32.1%.

(seafood.vasep.com.vn) In 2018, the total value of Pangasius exports to EU reached US$243.9 million, up 20.2% compared to 2017. This positive growth rate generated goodwill for Pangasius exporting enterprises in 2019.

We are pleased to invite you to a meeting of Vietnamese pangasius exporters, enabling institutions and European buyers on May 7, from 11.30 – 12.30 in meeting room 1125 at Hall 11.

Vietnam’s pangasius exports to the UK up to March 15, 2019 increased by 69.5 percent to 11.9 million USD.

(seafood.vasep.com.vn) In 2018, pangasius export to the US market reached US$549.4 million, up 59.5% over the same period last year.


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