In particular, there are many markets with a sharp increase in pangasius imports in the past month. Exports to China increased by 26%, reflecting the inevitable trend of the market after the removal of the zero Covid policy. By the end of February, pangasius exports to China reached nearly $73 million, down 8% compared to the same period in 2022, due to a sharp decrease in January.
China imports pangasius through 23 provinces of Vietnam. The top 5 localities that import the most pangasius from Vietnam are Guangdong (accounting for 30%), Shandong and Shanghai both accounted for 12%, Tianjin and Zhanjiang both accounted for 10%.
In 2022, China imported over 253 thousand tons of pangasius from Vietnam, up 71%
In 2022, China imported over 253 thousand tons of pangasius from Vietnam, up 71% compared to 2021. The average import price was at 2.4 USD/kg, up 25%. In which, the highest import prices are in Guangdong, Hubei and Anhui, reaching 2.6 - 2.7 USD/kg.
Beside China, pangasius exports to other markets in February recorded a double digit growth such as the UK (increased by 79%), Colombia (increased by 38%), German (84%), Belgium (90%). Some markets even grew by triple digits such as Saudi Arabia ( up 110%), Portugal (up 90%), Iraq (332%).
However, the decline trend still occurs in many important markets. Pangasius exports to the US went down by 59%, Brazil by 23%, Thailand by 29%, Mexico by 11%.
Nevertheless, the cumulative export of pangasius in the first 2 months of the year still grew by 38% and recorded sales of 240 million USD.
Nevertheless, the cumulative export of pangasius in the first 2 months of the year still grew by 38% and recorded sales of 240 million USD. Only a few markets (UK, Germany, Singapore and Portugal) maintained a positive growth rate of 6-81%. Germany is showing the most positive signal, accounting for 2.6% of pangasius exports, a sharp increase compared to the proportion of 0.9% in the same period last year.
Pangasius exporters are looking forward to positive signals in Chinese, some European countries such as the UK, Germany, Portugal and the Middle East markets. However, exports will not be able to make a strong breakthrough. In the coming months, import demand may increase compared to the beginning of the year, thanks to trade and promotion programs such as fairs and conferences that will promote exports, but export prices will not be as high as in 2022.
Regardless of economic difficulties in 2023, pangasius will still be a suitable choice for consumers in many countries around the world.
Forecast on Vietnam pangasius industry in 2023 - 2025
Compiled by Thuy Linh
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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