After a strong increase in the first half of the year, from July 2022, Vietnam pangasius exports to some key markets such as the US began to slow down because inventories were increasing, consumption and prices also decreased.
In that context, pangasius exports to Mexico still maintained a high growth rate in July: more than doubled over the same period to over 11 million USD.
In the first 7 months of this year, frozen pangasius fillets exported to Mexico accounted for 94% of the total export value with $69 million, and sliced pangasius accounted for 6%, reaching $4.4 million.
The average price of frozen pangasius fillets exported to the Mexican market in the first half of this year was 2.8 USD/kg, 63.5% higher than the average price of 1.71 USD/kg in the same period in 2021.
The Mexican market is a very promising market for Vietnam pangasius exporters
In 2022, inflation in Mexico has reached a record high of 22 years. Mexican consumers must consider and reduce their spending on high-priced food products. With the advantage of competitive prices, plus preferential tax advantages under the CPTPP, Vietnamese pangasius is still a stable choice of Mexican seafood importers.
In the context of the USD appreciation against many other currencies is a challenge for Vietnam exporters. In some markets where the local currency depreciates, importers suffer losses, so they will carefully consider the import plan. There has been a situation where importers "bargain to lower prices" or ask Vietnamese exporters to delay delivery, causing exporters to shoulder the burden of additional storage costs.
However, according to experts, for the Mexican market, the rising USD is good news because Mexico is one of the few countries that receive a huge amount of remittances from the US. Therefore, food consumption of this market will also be less affected than other markets.
With those advantages, many Vietnam pangasius exporters also shifted from some other markets to Mexico. In the first half of this year, there were 30 Vietnamese seafood enterprises exporting pangasius to Mexico. The 3 enterprises with the largest export value are: I.D.I International Development and Investment Joint Stock Company; Vietnamfish Co,. Ltd and CL-Fish Corp. Many pangasius processors in Dong Thap, An Giang, Ben Tre, Can Tho and Vinh Long are also interested in Mexico and promote pangasius exports to this market.
In 2022, Vietnam's pangasius exports to the Mexican market is expected to bring in about 125 million USD, an increase of 80% compared to 2021.
Compiled by Thuy Linh
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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
