Accumulated in the first 10 months of 2023, Vietnam pangasius exports to the EU market reached nearly 144 million USD, down 17% compared to the same period last year. Notably, in September and October 2023, pangasius export turnover to the EU continuously grew by 10-11% over the same period in 2022. In particular, Germany has increased Vietnam’s pangasius imports by 2.5 times in both September and October 2023, reaching 5.5 million USD and 6.3 million USD, respectively. This is also the highest value of this country since the beginning of this year in terms of pangasius consumption. However, the average FOB price of pangasius exports in October 2023 has not shown signs of recovery when it is only at 2.41 USD/kg, the lowest price in the first 10 months of this year.
By the end of October 2023, Vietnam’s pangasius exports to the Netherlands reached 37 million USD, down 21% over the same period last year. Despite being the top 1 Vietnam’s pangasius import market in the EU, in October 2023, import into this country has fallen to the lowest level since the beginning of this year, down 27% and reaching just over 2 million USD.
As of November 15, 2023, the Netherlands temporarily leads the EU bloc in importing Vietnam‘s pangasius with over 39 million USD, down 21% over the same period last year. In the first half of November 2023 alone, the country has consumed nearly 2 million USD of Vietnamese pangasius products. Although the export value to the Netherlands in the first half of November decreased by 29% over the same period, the Netherlands still left other countries in the bloc behind in terms of consuming Vietnamese pangasius.
In the first half of November 2023, the export value of pangasius to Germany is only 600 thousand USD. Meanwhile, in October 2023 alone, the Europe's largest economy consumes more than 6 million USD of Vietnamese pangasius.
According to data of the International Trade Center (ITC) updated by September 2023, Germany bought nearly 8,000 tons of white fish (mainly pangasius) from Vietnam, worth more than 32 million USD. This number surpasses the volume that Germany imported from Vietnam in 2022. Vietnam is the world's 4th largest supplier of white fish to Germany, after China, the US and Norway.
Vietnam's pangasius exports is gradually recovering to the EU. Customers in this market bloc are becoming more and more carefull and selectivel in choosing food, especially German consumers. Exports to the EU market have prospered in the last months of 2023 while the average export price still witnessed a decline, showing that consumer demand has not decreased.
Thu Hang
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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