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) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
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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