From US$74.2 million (in 2007), pangasius exports to Germany peaked in 2008-2009 with the value of US$101.8 million and US$101.3 million, respectively. In just one year from 2007-2008, the export value of pangasius to Germany nearly doubled.
According to the General Department of Vietnam Customs, in 2016, 96% of pangasius exported to the German market was under frozen fillet (HS code 0304).
However, in 2010, due to influence of smear in the EU, sales in German supermarkets decreased, the value of export to this market has decreased 17% compared to the previous year. And from 2010 to 2015, the export value of pangasius to the German market gradually decreased, on average from 3.4 to 35%.
Although in 2016, the export value of pangasius to Germany decreased compared to 2015. But according to ITC statistics, in 2016, the average price of catfish imports into the market was still attractive and the second highest in Europe (behind the UK market), average US$2.35 - 2.85/kg. Even in April 2016, the import price of this country reached US$3.04 per kg.
In 2015, Germany continued to increase imports of some white fish products such as Alaska pollock frozen fillet (HS 030475); frozen cod fillet (HS 030471) but reduced the import proportion of frozen pangasius fillets (HS 030462).
In addition to imports for domestic consumption, Germany has re-exported pangasius products to several countries in the region. In 2013, the country exported US$10.6 million of pangasius fillet to Belgium, Austria, the United Kingdom, the Czech Republic and Hungary. In addition, Germany also exported some processed or frozen pangasius products to the central and eastern Europe.
Up to now, there is no sign of increasing imports of frozen pangasius from Germany, but the average import price of this country is relatively stable. Therefore, this is still a good market for pangasius exporters in 2017.
(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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