Higher revenue from exports of value-added pangasius products

News 21:41 12/09/2014 495
(pangasius-vietnam.com) In the first quarter of 2014, Vietnamese pangasius exports had a worth of US$388.5 million, up 5.2 percent year on year. Pangasius products were sent to 126 countries and territories in the world, compared to 123 markets reported a year ago.

This quarter saw a strong rise in sales of value-added seafood products. However, in the pangsius sector, exporters mainly provided fish in frozen fillet form. Frozen fish fillets brought back US$405.011 million, representing 99 percent of proportion and increasing by 4.9 percent year on year. In contrast, value-added products made a small part of 1 percent in nationwide exports and only big companies are able to process and sell them. However, it is important to note a year-on-year rise of 54.9 percent to US$3.55 million of sales of value-added products in the first quarter. This was a high growth compared to that of the previous years.

Products

Q.I/2014

Q.I/2013

Pangasius HS03 (1)

405,011,453

386,201,160

   - Live/fresh/frozen/dried pangasius (HS03, excluding HS0304)

82,322,981

16,903,011

   - Pangasius (HS0304)

322,688,472

369,298,149

Other processed pangasius HS16 (2)

3,551,198

2,292,153

Total (1 + 2)

408,562,651

388,493,313

In Q.I/2014, Brazil reported the highest growth in purchase among the 8 largest importers of Vietnamese pangasius. This country increased imports of pangasius from Vietnam as it was reducing consumption of Alaska pollock. But Alaska pollock has still been the most imported fish in this market through March. Pangasius ranked second but got the highest growth rate among imported white meat fish species. If the trend is kept in coming months, pangasius will pass Alaska pollock to be the first outside fish in Brazilian market.

Sales to the EU and the U.S. made a great contribution to Vietnamese pangasius exports. The U.S. was the leading pangasius importer of Vietnam with US$84 million, accounting for 20.5 percent. It was followed by the EU with US$83 million, accounting for 20.3 percent. European imports from Vietnam remains quiet while the U.S. may slow down imports of Vietnam pangasius into the market.

Spain - the biggest consumer of pangasius in the EU – increased imports of pangasius in Q.I/2014. This market sourced US$22.7 million of pangasius products, up 5.7 percent year on year. This is a small growth, but it showed a positive sign of recovery from this market, which saw drop in pangasius purchase in many previous months. Over the recent years, economic difficulties affected spending for seafood of Spanish consumers. 

On February 7, 2014, the U.S. president Barack Obama officially signed to launch the Farm Bill 2014; in which, there was a provision to shift the inspection of catfish – including pangasius from Vietnam – from FDA to USDA. Though some experts in the industry predicted that the new rule would have not affected seriously to Vietnamese pangasius exports to American market in 2014, it is definitely a tough challenge for pangasius in the near future. And what is more? On March 31, 2014, The U.S. Department of Commerce (DOC) has officially issued the final results of the ninth antidumping duty administrative reviews on certain frozen pangasius fillets imported from Vietnam. The period of review (POR) is August 1, 2011 through July 31, 2012. Most exporters to the U.S. are subject to a higher anti-dumping duty on their frozen pangasius fillets. Only companies with low tax rate could send cargos to this market.

Pangasius companies say that domestic supply of raw material is just enough to processing; therefore, many of them are turning to produce value-added products to export. This kind of products has currently made up a small part in their total production. 

Bạn đang đọc bài viết Higher revenue from exports of value-added pangasius products tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnam’s tuna on the brink of 0% tariffs in the U.S: Breakthrough potential but significant challenges remain

 |  08:37 08/12/2025

(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.

Solutions to promote Ca Mau crab exports

 |  09:16 04/12/2025

(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.

Japanese market expands its demand for Vietnamese pangasius

 |  09:16 03/12/2025

(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.

Ca Mau expands RAS-IMTA shrimp farming model to 1,500 hectares

 |  09:16 01/12/2025

(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.

Sa Giang plans to double its charter capital, raising 465 billion VND to invest in Hoan Ngoc Food.

 |  15:21 27/11/2025

(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.

Vietnam’s tilapia industry accelerates: From short-term opportunities to long-term strategy

 |  09:19 27/11/2025

(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.

Seafood exporters break through after a period of slowdown

 |  09:04 26/11/2025

By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.

Vietnam and the Netherlands cooperate to build a national brand for a sustainable seafood industry

 |  08:25 25/11/2025

(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”

Aquatic production output reaches over 7.26 million tons

 |  09:01 24/11/2025

According to data released by the General Statistics Office, Vietnam’s total aquatic production in the third quarter of 2025 reached over 2.71 million tons, up 3.3% year-on-year. Cumulatively, in the first nine months of 2025, the country’s total aquatic production exceeded 7.26 million tons, an increase of 3.2% compared to the same period last year.

Vietnam’s tuna exports to the Middle East in 2025 – a turbulent year

 |  09:16 20/11/2025

(seafood.vasep.com.vn) Vietnam’s tuna exports to the Middle East in 2025 have faced significant turbulence, as geopolitical conflicts, rising logistics costs, and increasingly strict Halal and traceability requirements have become “survival benchmarks” for exporters and importers.

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

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC