Positive signs from Egyptian market

(vasep.com.vn) In 2012, decline in export value was seen in most main markets of Vietnam pangasius. However, the fish shipment to Egypt has kept growth and is hoped to increase in 2013 as the country still showed high demand for pangasius products.

Vietnam exported US$48.7 million of pangasius products to Egypt in 2012, up 29.1 percent from the previous year. Trade with the market rose in every month in 2012 and recorded the strongest rise of 132 percent to US$8.2 million in the last quarter of the year.

Egypt is the second most populous country in Africa with a population of 83 million of people. The market is purchasing more food for human consumption, in which a large part was seafood products. According to International Trade Centre (ITC), Egyptian seafood import soared from US$269.67 million in 2008 to US$397.6 million in 2011, mainly from the Netherlands, Vietnam and Norway.

Referring to the latest statistics by ITC, Egypt spent US$184.08 million on imported seafood products in the first four months of 2012, US$32.33 million higher than that of the same period of 2011. In which, purchase from EU countries totaled US$69.87 million and ASEAN suppliers US$20.14 million.

Vietnam always got growth in pangasius export to Egypt over the past years. The fish only saw drop in 2011 due to political crisis in the country, which made Vietnamese exporters hesitant to ship products though demand was still strong.

Top 10 seafood exporters to Egypt (HS code 03)

 

 

Origin

2011

2012

Jan

Feb

Mar

Apr

Jan

Feb

Mar

Apr

Netherlands

8.670

1

0

0

9.666

11.721

13.188

10.543

Vietnam

3.591

0

0

0

2.206

4.227

5.488

6.013

South Korea

92

0

0

0

369

2.527

3.987

5.986

China

2.129

0

0

0

2.257

2.571

895

5.220

Spain

398

0

0

19

470

182

1.021

5.138

Norway

168

0

0

0

1.089

6.798

7.402

4.427

Taiwan

73

0

0

0

1.350

945

2.321

4.033

Ireland

1.335

0

0

0

4.208

3.658

4.499

2.329

The U.K.

19

0

0

0

393

684

0

2.069

Yemen

2.607

0

0

0

3.063

2.515

2.416

1.917

Value: US$ mil.


Comment

SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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