In the first 5 months of this year, in addition to the positive growth in pangasius exports to some leading markets, the export value to potential markets such as Mexico, Brazil, Colombia, and Thailand has grown very strongly.
Up to now, all Vietnamese pangasius exporters are controlling the COVID-19 epidemic very well thanks to paying special attention to the health of workers and workers working at processing factories and carrying out strictly the motto "5K" of the Ministry of Health.
However, before the new move of the Chinese Government on seafood imported from India and some other countries, the VASEP Association has recommended pangasius exporters to strictly implement and be highly vigilant in prevention activities. disease to avoid risks for pangasius exports.
By the end of May 2021, China - Hong Kong is still the leading export market of Vietnamese pangasius enterprises with a total export value of nearly 165.5 million USD, up 2.1%, accounting for nearly 26% of total export value. Pangasius export. During this time, exports to the Chinese market remained relatively stable, but the value of exports to Hong Kong was leveling off.
In the first 5 months of 2021, the total value of pangasius exports to the US reached 134.2 million USD, up 55.3% over the same period last year. In particular, in May 2021, the export value reached 32.2 million USD, up 173.4 %.
In the last two months, the export value of pangasius to the US market has continuously grown strongly. Previously, in April 2021, the export value of pangasius to this market also increased by 136%, reaching 30.3 million USD.
Right from the end of 2020, when the COVID-19 epidemic situation in the US was better controlled, the country's pangasius inventory was reduced, the demand for importing frozen pangasius products recovered. Therefore, in the first half of this year, pangasius export value to the US increased positively again.
By the end of May 2021, the export value of pangasius to five potential markets, namely Mexico, Brazil, Thailand, Colombia, and Russia, has grown positively by three digits. In May 2021 alone, pangasius export value to Mexico reached US$6.42 million - an increase of 167% over the same period last year, to Brazil reached US$4.93 million - an increase of 1,205%, to Thailand reached 4. $38 million – up 117.5 percent, Colombia $1.9 million — up 230% and Russia $4 million — up 458.5 percent. These are extremely impressive positive growth results.
By the end of May 2021, pangasius export value to Mexico also reached 30.3 million USD - up 61.7%; Brazil reached 27.2 million USD – up 65.5%; Thailand reached 25.6 million USD – an increase of 18.7%; Colombia reached $17.9 million – an increase of 65.7% and Russia reached $16.9 million – an increase of 124.5 percent over the same period in 2020.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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