With a positive growth result of 17% compared to the first half of 2020, it shows the efforts of pangasius exporters in the context that the world economy has not recovered and consumption abroad has not changed much.
China - Hong Kong: In the first 6 months of this year, the total value of pangasius exports to this market reached 206.5 million USD, down 0.7% over the same period last year. In particular, in June 2021, the value of pangasius exports to China decreased by 11.3%. It can be seen that, in the first half of this year, exporting pangasius to the Chinese market is more difficult because of strict regulations on inspection of imported frozen seafood at ports. In addition, in the first half of this year, Chinese whitefish exporters also faced difficulties, so the volume of processed whitefish for export in China was still quite large.
The US: At the end of June 2021, the US Department of Commerce (DOC) announced the final results of the 16th anti-dumping tax administrative review (POR16) for frozen pangasius shipments imported from Vietnam. Nam entered the US market from August 1, 2018 to July 31, 2019. Accordingly, two pangasius exporters to this market enjoy the anti-dumping tax rate of 0%. This is good news for many pangasius exporters to the US. In June 2021, the export value of pangasius to the US reached 34.4 million USD, up 68%. By the end of June 2021, the total export value to this market reached 168.7 million USD, an increase of 57.7% compared to the same period in 2020. It is forecasted that in the next quarter, this positive growth will continue to be maintained.
CPTPP: In the first half of this year, the total value of pangasius exports to CPTPP countries increased slightly by 8.8%, reaching 108.4 million USD. In which, many enterprises have actively redirected their exports to Mexico, Canada and Australia when the EU and ASEAN markets are facing difficulties. By the end of June 2021, the total export value to Mexico reached 37 million USD, up 78.3%; to Canada reached 18.1 million USD, up 17.7% and to Australia reached 15.4 million USD, up 5.2% over the same period last year.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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