In the history of more than 10 years of pangasius exports, EU is still the traditional and largest importer of Vietnamese enterprises. Compared with the years 2008-2009, the export value of pangasius to EU went down. However, EU is still considered a key and extremely important market for Vietnamese pangasius enterprises.
In the last 2 years, the export value of pangasius to the EU increased positively again because the import demand in many markets of the EU rose, the average imported prices of pangasius also increased from US$2- US$2.6/kg in 2016- 2017 to 2.8 to US$3.5/kg in 2018. In the first 3 months of 2019, the average imported price of pangasius into EU reached US$2.93 - US$3.55/kg. It is forecastes that, pangasius exports to Central and Eastern Europe increase in the coming time.
In addition to the positive effects taking place in many single markets in the EU, the EVFTA Agreement also is adopted and signed. It is forecasts that, after this FTA takes effect, pangasius exports to EU will have more opportunities. With main pangasius products: fresh, chilled fillet pangasius (HS 030432), its tax shall be reduced from 9% to 0% after 3 years; the tax rate for frozen fillet pangasius (HS 030462) shall fall from 5.5% to 0% after 3 years when EVFTA took effect. Products of frozen pangasius (HS 030324) are eliminated in 3 years from the current level of 8%.
According to ITC statistics, from 2018 to the first quarter of 2019, the average imported price of pangasius in the Netherlands - Vietnam's largest pangasius importer in the EU, in the first 5 months of 2019, is quite good. In which, pangasius products (HS 030432) are at high prices from US$7.9 to US$9.2/kg; pangasius products (HS 030324) ranged from US$2.2 to US$2.4/kg.
In addition, pangasius exports to the UK also increased positively, in which, 2 groups of frozen fillet pangasius products (HS 030462 and HS 030272) are also being imported more in this market.
The average imported price of pangasius of Austria, Denmark, Germany and Finland is also higher than that of regional countries.
Thanks to the advantages that have been taking place in the EU and the opportunities from tariffs after EVFTA comes into effect. It is forecasted that the growth of pangasius of Vietnam will be more positive. However, in addition to increasing high quality products, value added, brand building and images for pangasius in the EU, Vietnamese exporters also need to have specific strategies for each 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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