In QII/2015, pangasius exports to ASEAN valued US$ 35.7 million, downed 10.5% year-on-year. I In H1/2015, pangasius exports to ASEAN surpassed US$ 69.3 million, down 4% year on year. ASEAN was the 4th biggest importing market, after the US, the EU and China. However, price did not rise much while consumption remained slow.
In H1/2015, imports of Thailand, Singapore and Philippines declined by 1.8%, 8.4% and 0.2% compared to last year’s level.
Statistics from the ITC showed that in 2014, pangasius imports of the ASEAN went up 7%. Singapore, the biggest market in the group, experienced 8% growth. Imports of Thailand increased by 21%. Imports of Malaysia declined by 22% whilst imports of Brunei rocketed by 292%.
In H1/2015, Thailand became the biggest pangasius importing market in ASEAN, with value reaching US$ 24.33 million, accounting for 3.2% of the total value of pangasius exports. According to Thai Frozen Foods Association (TFFA), Vietnam is Thailand's 2nd biggest source of fish products (HS 0302; 0303 and 0304), after Taiwan. In H1/2015, imports of Thailand rose 36.5% from the same period last year. Fish -whole, frozen (HS 0303) accounted for 66.8% of total seafood imports.
Pangasius from Vietnam competed well against substittutes like Alaska pollock, cod, tilapia (HS 0303) in Thailand. In QI/2015, though Thailand imports of pollock, cod, tilapia by 34-50%, pangasius was the second most imported species among fish fresh, chilled products (HS 0304).
The first half of 2015, ASEAN was still a major market for pangasius from Vietnam, however, export value decreased as Vietnamese companies reduced exports to Thailand, for increases in Chinese market.
(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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