2016: Vietnam pangasius exports to EU may rebound

News 10:56 21/04/2016
(seafood.vasep.com.vn) In the first two months of 2016, Vietnam’s pangasius exports to the EU reached US$40.2 million, up 0.4% compared to the same period last year. In particular, pangasius exports to Spain and German posted a rise of 34% and 14.3%, respectively. However, the figure to the Netherlands fell by 11.6%; and the UK with -11.8% over the same period of 2015.

In QI/2015, the euro exchange rate and import-reducing policy in the EU affected seafood suppliers to the EU. Among the 5 largest pangasius importers of Vietnam, pangasius exports to the UK remained the growth in 2015, while exports to the other markets slowed down.

In 2016, Vietnam pangasius exports to the EU expected to increase. According to the Globefish, in 2015, the EU’s imports of frozen pangasius fillets registered the fall both in value and volume. In Mar-Apr 2015, the pangasius import price reached the highest level of US$2.45-US$2.48/kg. In 2015, the total pangasius imports of the EU estimated at 110,000 MT, equal to 2013 and import prices also decreased by US$0.5-1/kg compared to the year prior.

In 2015, whitefish products imported into the EU went up. Of that, the share of frozen cod fillets made up 25.08% of the total import value of whitefish; and frozen Alaska pollock fillets accounted for about 17%. The import value of frozen pangasius and catfish fillets into the EU accounts for about 6.25% of the total import value of whitefish. Main import markets in the EU bloc were Spain, the Netherlands, the UK, Germany, and France. (Chart: Imports of frozen pangasius fillets into EU in 2015)

Building and promoting the image, prestige of Vietnam pangasius is always prioritized to combat unfair competition through campaign of smear Vietnamese pangasius via mass media.  In the EU, Vietnam pangasius must compete with tilapia products from China. With the advantage of competitive price, Vietnam pangasius exporters are making efforts to increase value-added products and market share in the EU market.

Whitefish imports into EU in 2015 (US$ thousands)

HS code

Products

QI

QII

QIII

QIV

2015

030471

Frozen cod fillets

378,013

316,914

320,032

280,710

1,295,669

030475

Frozen Alaska Pollack fillets

214,317

198,888

220,987

236,556

870,748

030363

Frozen cod

143,052

167,596

176,202

153,527

640,377

030474

Frozen Hake fillets

117,651

130,693

136,503

116,366

501,213

030462

Frozen pangasius and catfish fillets

78,218

81,235

81,570

79,937

320,960

030251

Fresh/ iced cod

182,761

140,137

86,102

79,079

488,079

030254

Fresh/ iced Hake

59,862

57,407

56,054

63,218

236,541

030366

Frozen Hake

43,190

48,272

50,402

59,805

201,669

030472

Frozen Haddock fillets

55,693

37,941

39,113

36,344

169,091

030494

Frozen Alaska Pollack meat

16,273

29,290

25,407

29,536

100,506

030252

Fresh/ iced Haddock

27,007

29,243

26,242

23,199

105,691

030461

Frozen tilapia fillets

19,480

16,061

18,554

16,806

70,901

030364

Frozen Haddock

21,568

14,530

9,113

13,247

58,458

030323

Frozen tilapia

8,705

7,229

9,723

8,229

33,886

030367

Frozen Alaska Pollack

4,031

4,766

2,856

5,851

17,504

030432

Chilled/fresh pangasius and catfish

6,071

5,391

4,764

4,767

20,993

030324

Frozen pangasius and catfish

2,396

2,820

3,065

2,758

11,039

030431

Fresh/chilled tilapia fillets

2,403

2,707

2,583

2,728

10,421

030271

Fresh/chilled tilapia

2,022

2,238

1,857

2,118

8,235

030272

Fresh/chilled tilapia pangasius and catfish

2,117

1,901

1,522

1,572

7,112

Written by Ta Ha

Compiled by Dieu Thuy   

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