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) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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