In the first quarter of 2021, the total export value of pangasius reached 344.2 million USD, up 3% over the same period in 2020. In which, the export value to the US, China - Hong Kong, Brazil, Mexico, Thailand, Colombia, Russia and the UAE all rose.
The US
By the end of March 2021, pangasius export value to the US market reached 71.6 million USD, up 16% over the same period in March last year and accounted for 20.81% of the total export value. Particularly in March 2021, pangasius exports to this market also increased by 23.8%. In the past few years, the US catfish industry is facing difficulties when the area and production of aquaculture have decreased sharply. Therefore, this country increased imports of pangasius products to fill this shortfall. According to sources from some importers, US inventories have been depleted since the beginning of this year, so the demand for US pangasius imports will likely increase gradually in the near future.
China - Hong Kong
Tightening control of imported food for the reason that the corona virus is transmitted through products has caused a bottleneck in exporting pangasius of Vietnamese enterprises to China at the end of 2020. However, according to the assessment of Exporting enterprises, from March 2021, trade activities have been busy again. This is also reflected by the export value to China in March 2021 increased by nearly 28% over the same period last year, reaching 44.4 million USD, the highest export value in the top 10 markets, accounting for 30 .5% of total export value of pangasius. By the end of March 2021, the export value of pangasius to this market reached 69.7 million USD, up 10.3% over the same period in 2020.
CPTPP
The export value of pangasius to this market group is considered to be the most positive in January 2021 when some markets in the group increased imports. However, in March 2021, the import value of pangasius of the CPTPP decreased by 6.2% compared to the same period last year. As of March 2021, the export value of pangasius to this market reached 52.6 million USD, down 5.1%. In which, the export value to some markets decreased: Australia decreased by 2.3%; Singapore down 9.4%; Japan fell 21%.
Russia
Russia is a market that attracts a lot of attention on the picture of Vietnamese pangasius exports in the first 3 months of this year. This market used to be a potential traditional market of enterprises in the past 10 years. However, with a different import policy compared to other markets, pangasius exporters to this market also experienced many ups and downs. In the first three months of this year, this market stands out for the growth of pangasius imports up to 126.3 percent over the same period last year, reaching 10 million USD (after the UK market). Particularly in March 2021, the export value to this market reached 4.46 million USD, up more than 700% over the same period last year.
Thus, Vietnam's pangasius exports in the first 3 months of this year have begun to gradually revive after a year of being interrupted by Covid-19 and crisis in some major markets. However, if only looking at this growth rate, pangasius exporters are not optimistic because right from the beginning of this year, input costs have increased sharply, shipping costs have also skyrocketed ... strongly affecting costs and prices of pangasius companies.
(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.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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