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Pangasius exports to Mexico in Jan 2015 grew strongly
March 09, 2015, 04:24 PM
(vasep.com.vn) According to the Vietnam Customs, pangasius exports in January 2015 reached US$ 137.89 million, down 12.2% year on year.

Frozen fillets reaching US$ 136.21 million, accounted for 98.78% of total pangasius exports, while other processed pangasius made up 1.22% with the value of US$ 1.67 million.

Pangasius consumer markets in the first months stayed gloomy, most export contracts were signed in 2014 while new contracts were small ones. The US and EU have been the most influential to Vietnam’s pangasius exports

In 2014, EU was the biggest market for Vietnam but now it became the runner-up. According to the customs, export pangasius to the EU in January 2015 worth US$ 21.04 million, down 34.5% year on year, triple of the rate in December 2014.  The EU accounts for 15.3% of total value of pangasius exports from Vietnam. Import of pangasius along with cod and Alaska pollock into EU had the similar trend. Cod price did not increase in EU during this period. Tilapia imports into the EU, however increased slightly.

The US accounted for 22.5% of total value of pangasius exports from Vietnam. Pangasius exports to the US in January 2015 reached US$ 31.07 million, reporting a 19.4% year on year decrease. Many pangasius companies are waiting for final results of POR10 anti-dumping duty. 

Meanwhile, other markets, especially Mexico, China witnessed spectacular growth to become the third and fourth biggest importing markets for Vietnam’s pangasius. Asean nations grew stable but were no longer the third biggest importing markets for Vietnam pangasius. Imports of China were higher and many importers have signed new contracts.

Statistics of General Customs revealed that pangasius exports to Mexico in January 2015 worth US$ 14.71 million, up 81.7% year on year, accounting for 10.7% of Vietnam's pangasius total export value. Pangasius exports to China accounted for 9.3% of Vietnam pangasius exports. Exports to these markets in January 2015 reached US$ 12.87 million, up 95.2% year on year.

Pangasius exports to Asean nations in January 2015 worth US$ 11.21 million, up 16.7% year on year, representing 8.1% of Vietnam pangasius exports. The 3 leading pangasius importing countries namely Thailand, Singapore the Philippines had positive growth rates.

Canada replaced Brazil in the top 8 leading pangasius importing markets as Brazil has been developing tilapia and enhanced tilapia imports for domestic consumption.

 

Source:
Thu Trang
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Specialist on Pangasius market
Ms Ta Ha
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