In the first 4 months of this year, Vietnam pangasius exports to major markets were good and stable. China - Hong Kong is still the most attractive market for pangasius exporters with a value of more than USD 300 million, up 156% over the same period last year. The US is the second-largest market, export value also increased by 136%, equivalent to USD 241 million. Pangasius exports to the EU market also increased by more than 84% with a value of USD 65 million.
At the Global Seafood Expo in Spain at the end of April, many Vietnamese pangasius businesses introduced customers to a number of value-added products and sought new orders. It is forecasted that in the second quarter of this year, pangasius exports to major traditional markets will continue to be satisfactory.
In addition to the above markets, in the first 4 months of this year, Vietnamese pangasius exporters are very active in developing into potential markets. Notably, there are 3 markets: Mexico, Egypt and Thailand.
After nearly 3 years of being affected by Covid-19, pangasius export activities to these 3 markets are busier than ever. The number of enterprises participating in exporting is also higher. Currently, Mexico is the market with the largest export value among the CPTPP markets. In the first 4 months of the year, the total export value of pangasius to Mexico reached over USD 40 million - an increase of 69%; to Thailand reached over USD 38 million - an increase of 80%; to Egypt reached USD 14 million - an increase of 85% over the same period last year.
Thailand has been a new customer of Vietnamese pangasius in recent years. Like China, the geographical distance factor and the growing demand for pangasius imports have attracted many Vietnamese pangasius enterprises. Up to now, there are nearly 60 enterprises actively participating in exporting to Thailand. In addition, Malaysia is also the target market of many Vietnamese pangasius exporters this year.
Recently, the US Food Safety and Inspection Agency has recognized that 6 more pangasius processing factories are allowed to process and export frozen pangasius to the US market. The Animal and Plant Health Quarantine Service of the Russian Federation also added 2 more enterprises to the list of allowed exports to the Eurasian Economic Union. The Russia-Ukraine conflict has not come to an end, after the stagnation of trade activities, now pangasius exports to these two markets have reconnected. These new developments can boost pangasius exports to grow more positively in the coming time.
Up to this point, the price of raw pangasius in the Mekong Delta has remained high, ranging from 31,000 to VND 32,500/kg.
Complied by Minh Trang
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius export revenue in October 2024 reached nearly $202 million, a 17% increase compared to October 2023. The cumulative export value for the first ten months of the year totaled $1.7 billion, marking a 9% year-on-year increase.
(seafood.vasep.com.vn) Vietnam's exports of crabs and other crustaceans continued to see high growth in September 2024, with a 54% increase compared to the same period in 2023. In the first nine months of the year, exports of crabs and other crustaceans reached over USD 228 million, a 67% increase year-over-year.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
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