Exports to the UK increase
The EU, the second largest pangasius export market experienced decline. When most markets in the bloc declined, exports to the UK in the first 8 months of 2015 rose by 21.8%.
Exports to China ups along with the rise of China in US market
By August, Vietnam pangasius exports to the US reached US$ 207.9 million, down 1.7% from the same period last year. This market occupied 20.3% of total pangasius export from Vietnam. Pangasius exports to the US slipped from the beginning of the year. This was caused by anti-dumping duty and competition against products from China. Data from International Trade Center (ITC) revealed that through July, total US imports of pangasius and catfish fell 6-12% over the same period last year.
Previously in QI/2015, US imports of tilapia and pangasius surged by 52-53%, followed by a fall in QII/2015. Tilapia imports decreased by 12.5% while imports of pangasius and catfish downed 6.8% year on year.
It is noted that there is a rise in imports from China. In QIV/2014, pangasius and catfish sourced from China accounted for only 2.6% of imports of the US but by QI/2015, the proportion climbed to 16.2%. Starting from QIV/2014 when import from China surge 411% quarter-by-quarter, imports from China increased by 46% in QI/2015.
It is a fact that China has significantly upped imports of pangasius from Vietnam. In particular, pangasius exports to China reached US$ 99.9 million after 8 months of this year, up 48.2%. This explains the rise of China in US catfish and pangasius market.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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