In June 2023, China & HK imported 48 million USD of pangasius from Vietnam, down 4% compared to May 2023, down 15% over the same period last year. The 15% decrease in June was lower than the decrease of the previous months (April and May recorded a decrease of 30% - 60%).
From 2020 to now, China & HK have always maintained the No. 1 position in importing Vietnamese pangasius. Compared to the main markets, China & HK maintained the highest growth.
From 2020 to now, China & HK have always maintained the No. 1 position in importing Vietnamese pangasius
After a period of continuous decline from September 2022 to January 2023, the average export price of pangasius to this market was stable in the following months. The average price of Vietnamese pangasius exports to China in the first 5 months of 2023 ranged from 2.11 USD/kg - 2.29USD/kg, down 10% over the same period in 2022. In May alone, the average price averaged 2.29USD/kg, up 0.4% month on month.
Consumption demand has declined, with inflation remaining near 0% in China. Businesses and consumers expect further price drops, delaying spending and leading to a significant decrease in goods consumption. Both the consumer price and producer price indexes indicate a continued weakening of the world's second-largest economy in May, negatively affecting pangasius exports to this market in the first half of the year.
Compiled by Thuy Linh
(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.
(seafood.vasep.com.vn) The "Cooking Show - Tasting delicious seafood" area at Vietfish 2024 organized by VASEP has always been a favorite highlight for visitors, especially domestic consumers. This area is not only a place to showcase a variety of flavors and high-quality Vietnamese products that are renowned in the global market but also a venue where consumers can experience captivating and visually appealing culinary performances by professional chefs.
(seafood.vasep.com.vn) Vietnam's shrimp exports reached $375 million in July 2024, a 17% increase from July 2023. Shrimp exports in July recorded the highest value since the beginning of the year and this is also the month when Vietnam's shrimp exports saw the best growth rate since February this year. In the first 7 months of this year, the shrimp export turnover reached over $2 billion, up 8% compared to the same period last year.
The rice-shrimp cultivation area of Thoi Binh district in the Mekong Delta province of Ca Mau has received Best Aquaculture Practices' (BAP) certification of the Global Aquaculture Alliance (GAA).
(seafood.vasep.com.vn) In the past 7 months, the weather situation did not fluctuate much, contributing to ensuring favorable conditions for fishing and aquaculture activities in Da Nang. The total output of fisheries and aquaculture in the past 7 months increased compared to the same period last year.
(seafood.vasep.com.vn) With Japan currently a key market, the business results of Sao Ta Food Joint Stock Company (stock code FMC) in the second half of this year are expected to benefit from the Yen's appreciation again.
(seafood.vasep.com.vn) As of the end of July 2024, Can Tho City's total fishery output was estimated at 137,963 tons, a 11.32% increase compared to the same period last year. Of this, aquaculture production reached 134,669 tons, a 11.27% increase, mainly attributed to pangasius.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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