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Jan-Apr 2017: Up 90% in Vietnam’s processed pangasius exports to EU
July 24, 2017, 10:50 AM
(seafood.vasep.com.vn) In the first four months of 2017, Vietnam’s exports of processed pangasius to the EU posted a sharp year-on-year increase of 89.5%. Of that, shipments of processed pangasius (HS code 16) to Spain increased by more than 1,096% and those to the Netherlands rose by 228.3% over the same period in 2016. In order to keep this growth, Vietnamese enterprises have to change their strategies, which will be towards increasing exports of high quality products and raise their products to the EU.

Vietnam pangasius has advantages of affordable prices, aromatic flavor, fish filets with no bones and ease of processing, which has to strongly compete with whitefish products in the EU. However, Vietnamese pangasius's image as well as consumption of the product in the market was significantly influenced by mass media recently.

In the first four months of this year, the sharp rises in  exports of value-added products to top 2 largest importers in the bloc including the Netherlands and Spain was a good sign for Vietnam’s pangasius, which emphasized the shift was right.

Compared to the average price of US$1.4 - 3.65 for frozen fillets product (HS code 0304), processed pangasius (HS code 16) with the average export price of US$3.85 - 5.65/kg is being sold well in some markets. Of that, export prices of fried pangasius rolled with broccoli; pangasius rolled with sauce, tomato, mango, pineapple; frozen breaded pangasius to Germany, frozen breaded pangasius fillets, portion cut to Spain; frozen breaded pangasius; frozen breaded pangasius nuggets to the Netherlands quoted good prices of US$4.45 to 5.50/kg. In the Jan-Apr this year, Vietnam’s exports of processed pangasius (HS code 16) to top 4 major importing markets in the EU including the Netherlands, Spain, Germany and Belgium recorded the good growth.

Written by Ta Ha

Compiled by Dieu Thuy

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Specialist on Pangasius market
Ms Ta Ha
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