Regarding consumption markets, pangasius exports to some markets continued to record positive double-digit growth, such as the US, CPTPP, Brazil, Thailand, Colombia, etc. China and Hong Kong are still the largest consumption markets for Vietnamese pangasius in August 2024, reaching more than 57 million USD, up 9% over the same period in 2023. By the end of August 2024, the total export value of pangasius to this market reached 370 million USD, down slightly by 2% over the same period last year.
Pangasius exports to the US in August 2024 reached more than 35 million USD, an increase of 40% compared to August 2023. August 2024 also recorded the second highest export value to this market in the year (after April 2024 with more than 37 million USD). Pangasius export value to the US in the first 8 months of this year reached 226 million USD, an increase of 23% over the same period last year. The recovery of the US market is considered a lever for the growth of pangasius exports, especially in the context of less optimistic imports from China. Through bidding programs of the US Department of Agriculture, it is expected that this country will continue to have demand for whitefish species. Specifically, on August 29, 2024, the US Department of Agriculture (USDA) announced that it will buy more Pacific cod, also known as cod, grouper fillets, and catfish products. The USDA said it paid $6.5 million for 1.5 million pounds of catfis
Brazil is the third largest single market for Vietnamese pangasius consumption, with nearly 12 million USD in August 2024, down 10% year-on-year. By the end of August 2024, pangasius exports to this largest South American country reached 77 million USD, up 28% year-on-year.
Pangasius exports in August 2024 in the markets recorded more optimistic signals thanks to the recovery in demand and export prices. With the growth momentum in exports in the first 8 months of this year and optimistic forecasts that it will continue to grow in the last 4 months of the year, the target of 2 billion USD of the pangasius export industry can reach or exceed the expected target.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
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
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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