By the end of March 2020, the total export value of pangasius to the ASEAN market reached US$ 39.3 million, down 28.8% compared to the same period in 2019. Exports to the three largest importers all declined, in which exports to Thailand dipped by 23.4%; exports to Malaysia, and Singapore fell by 22% and 27% respectively.
In March 2020, many countries in the region such as Malaysia; The Philippines, Indonesia and Singapore imposed lockdown measures, including restrictions on travel across the country, the shutdown of unnecessary services, and a ban on crowds leading to a prolonged decline in domestic demand. This also has a strong impact on the import and export activities of these countries. In March 2020, the export value of pangasius to the region was only US$ 12.7 million, down US$ 42.8 million. Thailand was still the largest pangasius importer of ASEAN region, but exports to this market plunged by 43.5% in value compared to the same period in 2019.
The demand for pangasius in the region in Q1 was forecasted to remain good and stable compared to the same period in 2019. However, the sudden closure due to the pandemic caused trade activity to be affected. In the first quarter of 2020, Vietnam exported quite a variety of pangasius products to Thailand market such as frozen pangasius fillets, frozen cube pangasius, frozen whole pangasius, pangasius cut pieces... In particular, dried pangasius bubble products exported with an average price from US$12.1 to US$16/kg.
In the first three months of 2020, along with the EU, ASEAN was a region severely economically affected by the COVID-19 pandemic. However, the level of export decline in value to this market was still lower than that of the EU. So far, ASEAN has been still the third-largest importer of Vietnam pangasius enterprises (after China - Hong Kong and the US).
Like other big potential markets, it is difficult to make an accurate forecast for pangasius exports to ASEAN in the second quarter of 2020, only when the COVID-19 pandemic is under control, the socio-economic activities of countries are stable, there will have opportunities for enterprises to continue to boost exports to this market. However, this is still a potential market for enterprises after COVID-19.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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