Indonesia has introduced its own brand of pangasius in the United Arab Emirates, considered a gateway to sales in the region, said VASEP.
The Indonesian Catfish Industry Association (APCI) in collaboration with the Indonesia Ministry of Marine Affairs and Fisheries (MMAF) and SMART-Fish Indonesia launched “Indonesian Pangasius: The Better Choice” branding at the SEAFEX 2018 exhibition in Dubai-UAE. The country also promoted “Indonesian Pangasius” at The Indonesian Expo 2018 and 2019 Hajj and Umrah Exhibition in Jeddah in Saudi Arabia, APCI said in a statement on 27 May.
In May, Indonesia completed its first shipment of three containers of pangasius to Saudi Arabia.
Last year, pangasius production in Indonesia rose by 22.2 percent to 391,151 metric tons from 2017, said APCI.
Meanwhile, exports of pangasius from Vietnam to the Middle East have fallen mainly as a result of an import ban imposed by authorities in Saudi Arabia, according to VASEP. Vietnam exported pangasius worth USD 70.8 million (EUR 63.5 million) to Middle East in the first half of 2019, down 8.6 percent year-on-year.
The Saudi Food and Drug Authority (SFDA) in January last year suspended imports of fish, crustaceans, and other products of aquatic animal origin from Vietnam reportedly due to the presence of two diseases in the Southeast Asian nation.
Saudi Arabia also increased trade barriers against pangasius from Vietnam by extending its halal farming requirements to feed and fingerling production facilities, VASEP said, adding that Vietnam's pangasius exporters have complied with the new requirements and are awaiting Saudi Arabia's response in their request to lift the ban.
The U.A.E. became the biggest buyer of pangasius from Vietnam within the Middle East region in the first six months, but the export value Vietnam gained from this market declined 27.9 percent from last year. Sales to other regional markets also fell: Iran was down 57.7 percent year-on-year, Israel was 10.5 percent lower year-on-year, Jordan was down 10 percent, and Lebanon was down 10.9 percent, said VASEP.
The value of the exports to other markets between January and June, however, rose against last year, including Egypt with USD 18 million (EUR 16.2 million), up 4.63 percent; Bahrain USD 14.9 million (EUR 13.4 million), jumping 209.8 percent; and Qatar USD 2.26 million (EUR 2.03 million), up 109.8 percent.
Vietnam is the biggest exporter of pangasius in the world. The country’s pangasius export value hit an all-time high at USD 2.26 billion (EUR 2.03 billion) last year, soaring 26.5 percent from 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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