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Pangasius exports to the US may rise in the coming time
March 24, 2020, 02:58 PM
(seafood.vasep.com.vn) In January 2020, pangasius exports to most markets decreased sharply year on year. In particular, pangasius export to the US market this month has surpassed China - Hong Kong to become the largest importer of Vietnam with an export value of US$ 18.1 million, accounting for 17.8% of the total export value of pangasius.

In 2019, the US-China trade war did not bring benefits for Vietnamese enterprises at US market as forecasted. The US continued to impose high antidumping duties. Futhermore, inspection catfish program that list Vietnam as a country eligible to export Siluriformes fish and fish products to the US was released later than the US statement.

Although tilapia imports into the US from China decreased significantly due to high import tax, this did not affect the proportion of pangasius in the country's seafood import structure.

In 2019, the value of pangasius exports to the US decreased in 11 consecutive months compared to the same period in 2018. Many businesses withdrew from this market due to difficulty in exports.

Catfish importers of the US, Jan-Nov/2019

Importers

 

Kg

USD

China

Frozen catfish (Ictalurus) fillets

3,582,707

18,022,730

Frozen catfish (Ictalurus)

21,956

58,080

Frozen pangasius fillets

618,588

3,002,468

Frozen other catifish (Siluriformes) fillets

19,731

92,793

Chilled catfish (Silurus, Clarias) fillets

19,731

116,580

Total

4.262.713

21,292,651

Taiwan

Chilled catfish (Silurus, Clarias) fillets

33,256

174,343

Total

33,256

174,343

Thailand

Frozen NSPF catfish fillets

7,140

14,832

Frozen NSPF catfish

4,182

18,947

Total

11.322

33,779

Vietnam

Frozen pangasius fillets

48,397,504

193,142,334

Frozen pangasius

561,448

1,596,839

Frozen other catifish (Siluriformes) fillets

27,104,995

106,287,417

Frozen NSPF catfish fillets

23,950

106,128

Frozen NSPF catfish

22,970

64,484

Total

76,110,867

301,197,202

Total (Acummulated in the first 11 months of 2019)

80,418,158

322,697,975

Imports total in 2018

121,086,824

546,550,622

Source: US Department of Commerce

Due to the impact of reduced import demand and domestic raw material prices, so the average export price of pangasius to the US market in 2019 also decreased, from US$ 4.73/kg at the beginning of the year to about US $2.85/kg.

About 30 enterprises exported pangasius to the US market in 2019, of which, the three largest enterprises were: VINH HOAN CORP, BIEN DONG SEAFOOD and VD FOOD LTD. At the end of 2019, the US's USDA officially announced the recognition of pangasius management and supervision system of Vietnam equivalent to that of the US, creating better conditions for exporters exports pangasius to the US.

According to the plan of the Food Safety and Inspection Department (FSIS) of the United States Department of Agriculture, in March 2020 (from 2nd -13th), FSIS's Food Safety Inspection Team will conduct the inspection, assessing the food safety and hygiene control system of pangasius farms,  processing plants, food safety management agencies in the Mekong Delta. However, due to the complicated spread of the Covid-19 epidemic, the plan was postponed.

Due to the disruption of pangasius exports to Chinese market in the first months of 2020, Vietnam enterprises are working hard to seek and promote exports to new markets. The disease situation is affecting the trade of seafood, but it is also a good opportunity for businesses to enhance exports amid seafood consumption (including pangasius) is increasing sharply in the US as consumers are storing more food to cope with the disease situation.

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