ASEAN was still the fourth largest importer of Vietnamese pangasius after the US, China and EU.
The export revenue of Pangasius to Thailand in 2018 reached US$76 million. This was the largest export market of Vietnamese pangasius in the ASEAN region, accounting for 36.8% of total exports.
According to ITC statistics, in the first 10 months of 2018, Thailand was Vietnam’s largest market of white fish of which the main imported product was frozen pangasius (HS 030462) with the average import value from between US$4.4 to US$6.9 million/month and import volume from 2,000 to 3,750 tonnes/ month. In addition to Vietnamese pangasius products, Thailand also imported some other white fish products such as Alaska fish (HS 030494) from the US and Alaska pollock fish (HS 030367) from Russia. Until this time, importing frozen pangasius to Thai Lan is still quite stable.
In addition to Thailand, Pangasius export to Singapore and Philippines markets in 2018 also achieved high growth with export revenue reaching US$42.3 million and US$37.4 million respectively.
In the first 9 months in 2018, Singapore imported Pangasius mainly from Vietnam, followed by China and Malaysia. In addition to frozen fillet pangasius product, Singapore also imported frozen pollock Alaska fish products (HS 030475) from China and frozen tilapia (HS 030461) from Indonesia. In 2018, the demand for pangasius from Singapore and the Philippines was stable and grew at double digits. These were positive signs for Vietnamese Pangasius exports in ASEAN.
Currently, in addition to China, Indonesia also intends to increase production and expand Pangasius farming scale to target the Middle East market and some markets in the ASEAN region due to high demand in these two areas.
It is forecast that in 2019, the demand for Pangasius to ASEAN countries especially Thailand, Philippines and Singapore market will continue to grow steadily. This is an opportunity for Pangasius export enterprises to continue to increase export proportion to this market.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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