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 recent years, Israel has consistently been a top export market for Vietnamese tuna, following the US and EU. Therefore, the recent escalating tension between Israel and Iran is affecting Vietnam's tuna exports to this market. Enterprises are worried about having to halt export orders to this market in the coming months.
(seafood.vasep.com.vn) As Vietnam’s southernmost province, Ca Mau boasts abundant natural resources, particularly in fisheries and renewable energy, attracting significant international investment. The presence of international businesses in Ca Mau plays a pivotal role in driving economic growth and sustainable development, not only for the province but also for the entire Mekong Delta region.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (Sao Ta) reported that its finished shrimp production in September 2024 reached 2,309 tons; finished shrimp consumption reached 2,638 tons, an increase of 47% over the same period.
(seafood.vasep.com.vn) Vinh Hoan Corp is currently the largest exporter of Vietnamese pangasius fillet to the US, with a market share significantly higher than other listed companies.
Ho Chi Minh City, Vietnam – October 14, 2024 – The Vietnam Association of Seafood Exporters and Producers (VASEP) proudly reiterates its commitment to sustainable development and responsible practices within the Vietnamese shrimp industry. With over three decades of experience, Vietnam has become a key player in more than 100 international markets, recognized for our high-quality shrimp products and robust traceability protocols.
(seafood.vasep.com.vn) Vietnam’s fishery exports reached $7.16 billion in the first 9 months of this year, a year-on-year increase of 8.5%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
The U.S. Department of Commerce (DOC) has said Vietnamese exporters do not dump pangasius into U.S. market.
With pangasius exports soaring by 9% to reach nearly US$1.3 billion during the initial eight months of the year, Vietnam is likely to achieve the set target of earning US$2 billion from the export of the fish this year, according to the General Department of Vietnam Customs.
(seafood.vasep.com.vn) Besides the main product of frozen Vietnamese pangasius fillets, consumers in many markets around the world also prefer other pangasius products, including frozen butterfly-cut pangasius HS code 03032400.
(seafood.vasep.com.vn) In August 2024, Vietnam's shrimp exports reached 404 million USD, up 20% compared to August 2023. Shrimp exports in August continued to record the highest value since the beginning of the year and recorded the best growth since February this year. In the first 8 months of this year, shrimp export turnover reached more than 2.4 billion USD, up 10% over the same period last year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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