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Pangasius sold at higher price than pollock in the US
January 19, 2015, 04:03 PM
(vasep.com.vn) In 2013, Alaskan pollock was the 5th most consumed in the US, followed by pangasius. This year, price for frozen pangasius was higher than Alaska pollock.

According to the US Department of Commerce, basing on data from National Fisheries Institute (NFI), comparing with 2013, fish consumption per capita increased by 0.1 pound. According to NFI, 60% of seafood kinds showed increase in consumption and no change ranking order was seen. Top 10 seafood species accounted for nearly 97% of total seafood consumption  in the US. Tilapia and Alaska pollock were in the top 5 species most consumed.

Although pangasius and pollock are both in top 10 most consumed seafood in the US. Both experienced decline imports. Data from National Marine Fisheries Service (NMFS) showed that  in the first 11 months of 2014, the US imported 49,749 MT of pollock, worth US$ 135.03 million, down 7.33% year- on-year by weight and down 5.42% year-on-year  by value.

NMFS also revealed that the US imported 90,912 tons of pangasius from Vietnam this year, down 10.9% year on year. According to the Vietnam Customs, total pangasius exports to the US from 1st  January 2014 to 15th December 2014 worth US$ 316.29 million, down 13.2% year on year. 

US seafood consumption increased slightly. In particular, seafood consumption in 2013 upped  0.7% from 2012. Annual report of NFI illustrated that an average American consumed 14.5 pounds of seafood in 2013, up from 14.4 pounds of 2012. Average seafood consumption in the period 2001 to 2012 was 15.7 pounds / person.

Tilapia, haddock, cod were most imported whitefish species in 2014. Haddock had highest average price among all whitemeat fish, ranging from US$ 7.17 / kg to US$ 8.05 /kg. Alaskan pollock had the lowest average price, hovering around US$2.74 - US$2.91 / kg.

 

Pangasius from Vietnam at catfish from countries imported in the US Januray to November 2013-2014 (Unit: kg)

Origin

2013

2014

ARGENTINA

288,572

167,367

BANGLADESH

71

16,330

BRAZIL

439,291

130,866

BURMA

7,299

20,410

CANADA

2,880

6,000

CHILE

4,808

0

CHINA

7,792,707

7,641,868

CHINA - TAIPEI

20,275

0

EL SALVADOR

31,637

22,612

FRENCH POLYNESIA

580

1,356

GHANA

322

0

GUINEA

197

0

GUYANA

7,861

3,509

HAITI

6,307

11,938

ICELAND

29,751

21,857

INDIA

2,449

4,243

INDONESIA

15,924

0

MALAYSIA

9,900

2,098

MEXICO

59,573

0

NEW ZEALAND

16,573

0

NICARAGUA

1,300

0

NORWAY

23,232

69,450

PHILIPPINES

97,532

19,372

PORTUGAL

0

2,364

RUSSIAN FEDERATION

17,057

24,539

SIERRA LEONE

748

6,350

SOUTH KOREA

66,645

6,064

SPAIN

0

7,003

THAILAND

15,696

25,833

UGANDA

43,796

153,102

VENEZUELA

0

6,524

VIET NAM

102,074,340

90,912,334

Total

111,077,323

99,283,389

Source:
Thu Trang
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Specialist on Pangasius market
Ms Ta Ha
Tel:+84.24.3771.5055 (ext. 214)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
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In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn
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