Despite recording an positive growth rate, the value of pangasius exports to CPTPP in October this year was not as high as in a few previous months (March and August 2023 recorded a turnover of 23.4 million USD and 23.3 million USD).
In October 2023, Vietnamese pangasius exports to the markets of CPTPP member countries showed positive growth for the first time after 9 months of decline, with turnover reaching more than 23 million USD, up 4% over the same period last year. The overall growth in October was contributed by turnover increases to two markets: Mexico and Canada.
In October 2023, Mexico still maintained its growth, continuing to be CPTPP leading market in importing pangasius from Vietnam, with more than 7 million USD, an increase of 10% compared to October 2022. This country's import value in the first month of the fourth quarter of 2023 is also the highest level since the beginning of this year.
By the end of October 2023, Mexico had purchased from Vietnam mainly frozen pangasius fillets with HS code 0304, accounting for 93% of the proportion, down 38% over the same period last year. In September and October 2023, sales of this product in Mexico grew positively by 36% and 12%, respectively, while the previous months had a double-digit decline.
Besides Mexico, Canada is also a country with impressive growth in October this year in importing Vietnamese pangasius. In October 2023 alone, Canada bought nearly 4 million USD of pangasius, an increase of 29% over the same period last year. Among them, frozen fillet products are still the most popular product segment in the country, with the second-largest area in the world. In October 2023, exports of frozen pangasius fillets to Canada reached 3 million USD, an increase of 20% over the same period. In the first 10 months of the year, Canada purchased nearly 27 million USD of this product, down 42% over the same period last year.
Other markets in the bloc, such as Singapore, Japan, Australia, etc., mostly still witnessed a decline in Vietnamese pangasius imports in October this year. The trend of pangasius exports to these markets is difficult to predict due to erratic increases and decreases. A typical example is Singapore, where pangasius exports to this market grew well in the first 3 months of the year, then reversed and decreased in the following months.
There is still a lot of room in the CPTPP market for Vietnamese seafood, including pangasius. Choosing to produce value-added goods and taking advantage of import tax incentives under the CPTPP Agreement can also be options for many businesses to both stabilize jobs for workers and take advantage of processing capacity.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
