Currently, Vietnam is the largest supplier of whitefish to Belgian market through two main ports, namely Antwerpen and Zeebrugge. Up to now, most of pangasius products exported to this market were frozen fillets pangasius (HS 030462) with an average export price of US$1.9 - US$4.93/kg. In particular, the group of frozen pangasius block products with the size of 90-140gr priced from US$1.85- US$2/kg. In addition to frozen pangasius products, Vietnam also exported processed pangasius products (HS 1604) to this market, in which the most prominent item was pangasius fillets roll (HS 16042099) with the average export price of US$6.5 - US$6.7/kg.
In the first half of this year, about 5 Vietnamese pangasius enterprises participated in exports to Belgium market, which concentrated in Dong Thap, Can Tho, An Giang and Tien Giang.
According to the latest statistics of ITC, in the first 4 months of 2019, Vietnam was the largest whitefish supplier for the Belgian market, accounting for 25-37% of total white fish imports of this country. In addition to importing pangasius from Vietnam, Belgium also imported other whitefish products such as tilapia imports from China and internal imports of some frozen/chilled cod products from the Netherlands, Germany, Denmark, France.
Belgium's white fish imports in the first 4 months of this year increased by about 9.8% compared to the same period in 2018, of which frozen pangasius products (HS 030462) group increased sharply, more than 105% compared to the same period in 2018; Imports of frozen pangasius products (HS code 030324) also went up by more than 16% compared to the same period in 2018.
It can be said that in the first half of 2019, Belgium was a stable importer of Vietnamese pangasius, with a quite good import price compared to other markets in the region. In the coming time, it is expected that pangasius exports to this market can achieve higher growth.
(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.
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