The total export value of pangasius reached US$ 1.21 billion, down more than 26% over the same period in 2019 by the end of October 2020. In the top 10 largest pangasius export markets of Vietnam, the UK has still been a bright spot with a consecutive positive growth from the beginning of the year.
China-Hongkong
In the first 10 months of this year, the total export value of pangasius to this market reached US$ 428.3 million, accounting for 35.3% of the total pangasius export and down 18% over the same period in 2019. Although the export value has decreased since the Covid-19 pandemic, since October 2020, the import demand of the market has been active again, importers actively import goods even during National Day holidays. This move was also a reason for the pangasius raw material price in the Mekong Delta and the average export price to increase. In October 2020, the number of pangasius enterprises exports to China rose, the export value to this market reached US$ 80 million, accounting for 47% of the total pangasius export. However, so far, the inventory of white fish and tilapia products of Chinese seafood enterprises has been still high since export activities also were affected. Consequently, the Government of this country may issue a number of policies to reduce seafood imports in the coming time.
The US
In October 2020, pangasius export value to this market sank slightly by 4.8% compared to the same period in 2019, reaching US$ 23.3 million. By the end of October 2020, the total export value of pangasius to this market reached US$ 196.7 million, down 15.5% over the same period in 2019. In 2020, the US economy and politics were much more volatile, so the seafood suppliers for this market did not expect much of the sudden growth in the last months of the year. It is anticipated that, in 2020, the value of pangasius exports to the US market might decrease by over 15% compared to 2019.
ASEAN
Although not heavily affected by the Covid-19 pandemic like the US or some European countries, ASEAN's demand for whitefish imports from February until now has been slow. In many countries, pangasius imports are lower than in the same period in 2019. By the end of October 2020, the total export value of pangasius to ASEAN reached US$ 113.3 million, down nearly 31% over the same period in 2019. In which, exports to Thailand dived by 25.6%; Singapore down by 4.9% and Malaysia diminished by 28%.
The UK
The UK is the highlight of the picture of pangasius export in 2020. By the end of October 2020, there were 10 consecutive months of positive export value growth in this market. The UK was the only market among the top 10 major markets that have not declined due to Covid-19. In October 2020, the export value of pangasius to the UK reached US$ 5.36 million, up 58% over the same period in 2019. By the end of October, the total export value reached nearly US$ 57 million, up 29.3% over the same period in 2019. This year, the number of Vietnamese pangasius enterprises exported to the UK market was higher than that of EU countries.
(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.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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