However, the rapid and spontaneous expansion of farming activities caused weakening prices of exported pangasius. Average prices for pangasius dropped from US$3.76 USD per kilogram in 2000 to US$2.2 per kilogram in 2012, leading to anti-dumping disputes. Through September 2013, pangasius production and farming superficies decreased by 13 percent and 11 percent, respectively.
Value-added products shared only 1 percent of Vietnam total pangasius export value. Many fish farmers and processors got into trouble due to business losses.
On October 24th, 2013, a meeting of pangasius companies in Mekong Delta was held in the city of Can Tho. Most companies’ representatives agreed to support proper measures introduced by VASEP to cut down pangasius production through imposing quotas for fish production. They believed that it was the priority measure to save the pangasius industry during the tough economic time.
Participants to the meeting also discussed a new way to export pangasius to the EU market.
Vietnam pangasius industry must reorganize export to the EU through establishing a distribution center for frozen pangasius fillets exported to the market. The fish will be landed at the port of Zeebrugge in Belgium and then be distributed to other places in the block. This measure is hoped to improve the volume, value and market shares of Vietnam frozen pangasius fillets in European markets.
European imports of pangasius from Vietnam got a boom in the 2003-2008 period. Import value rose from US$17 million to US$581 million. Proportion of EU-driven cargos in Vietnam total pangasius export value increased from 20.7 percent to 48 percent in 2007. Since 2008, pangasius sales saw the downtrend in both value and market shares in Europe. In the first eight months of 2013, shipments to the EU continued to down 12 percent to US$254 million. The proportion was down to 22.4 percent compared to 24.4 percent in 2012.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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