(pangasius-vietnam.com) In the
Exports to some markets recorded dramatic growth, i.e. the U.S. up 98 percent, Brazil 262.2 percent, the Philippines 104 percent, Thailand 84 percent, Russia 58.2 percent and Mexico 55.9 percent.
The EU: Exports to EU market seemed to slow down with a modest growth of 1.6 percent in value. Some main importers continued to reduce imports of Vietnam pangasius such as Spain (down 20.8 percent), Poland (-8.1 percent) and Germany (-4.3 percent). This drop was due to the competition of local whitefish and other imported fish (cod, tilapia..) and the negative impact of untrue stories about Vietnam pangasius in some EU members.
The U.S.: The market remained the leading position among Vietnam pangasius importers. Exports to the U.S. market rose drastically to over 24,000 MT, valued US$80 million, representing for 15 percent of the total pangasius exports.
Now, Vietnam pangasius exported to the U.S is obstructed by barriers as anti-dumping duty, expanded catfish definition with the aim at putting Vietnam pangasius under USDA jurisdiction. However, Vietnam pangasius products are still comsumed strongly in the U.S. As the result, in Q.I/2011, fish exported to the market showed the growth of 76.6 percent.
Mexico: This was a potential and stable market for Vietnam pangasius with the export volume of 33,400 MT in 2010, worth US$86 million. In the first four months of 2011, Mexico imported over 16,000 MT of pangasius, valued US$39 million, up 40 percent in volume and 55.5 percent in value from the same period last year.
Brazil: In the first four months of 2011, the country recorded the highest growth which helped Brazil go up in the ranking of top importers, from the 12th to the 6th. Brazil imported 7,300 MT of pangasius in the period, worth US$17.5 million, up 218 percent in volume and 262 percent in value. Currently, many Vietnamese fish exporters are interested in this market; however, the 60-days term for receiving export certificate, instead of the 3-days as regulated before, puts them into difficulties.
The top 10 exporters of Vietnam represented about 40 percent of the total export value, in which Vinh Hoan Corp. was the leading enterprise with the export value of US$42 million, accounting for 8.11 percent of the country’s export value. The company is trading its products in 30 markets. The second place belongs to Hung Vuong Corp. which is connected with 39 markets, accounting for 7 percent of the total export.
(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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