Vietnam’s pangasius exports in January 2018 totaled US$172.5 million, an increase of 43.7% over the same period in 2017. However, according to forecasts of many pangasius export enterprises, from the beginning of the year to the end of QII/2018, pangasius exports may face many difficulties. This is driven by a lack of raw materials, lack of fingerlings and prices of raw materials to peak over VND30,000/kg. In the coming time, Vietnam’s pangasius exports expected to go on the rise in the value thanks to a climb in raw material prices.
The export value to China - Hong Kong continued to strongly increase by 132% over the same period in 2017. This was the largest buyer of Vietnam pangasius in the month with the value of US$41 million, accounting for 23.9% of Vietnam’s total pangasius exports. Export to the U.S were worth by US$26 million, up 31%, exports to ASEAN also totaled US$19.1 million, up 126% over the same period last year.
In January 2018, the export value top 3 leading markets in ASEAN including Thailand, Singapore and the Philippines increased by 163.5%. 71.5% and 114.7% respectively over the same period of 2017. With the significant growth in the export value, ASEAN overtook the EU to become the 3rd largest importer of Vietnam pangasius. This year ASEAN projected to keep the rank.
Three other potential markets were Mexico, Colombia and Saudi Arabia with the remarkable growth of 55.7%; 81.4% and 78.9% respectively. In 2018, Vietnam’s pangasius exports to these markets expected to remain the higher growth from the same period of 2017.
(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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