Earlier this year, the demand for imports was slow, and the epidemic of Covid-19 just started to impact on the export of pangasius to this market. However, the magnitude of the exacerbations in most other markets became evident from the second quarter of 2020. In the 3 months of the second quarter, the export value to the four largest markets in the EU decreased for two consecutive digits. Trade activities were stalled because many countries were the center of the epidemic, including two major countries: Italy and Spain. Although the demand for food hoarding in many European countries has increased, the retail system and online sales have been better, import and export activities have been delayed due to the interruption of shipping systems and commercial transactions also suspended.
Those are the immediate expectations after the EU countries' trade and seafood business stabilize again. Also at this time, the export of Vietnamese pangasius to the EU is still decreasing, especially after the UK has left the EU. Before that, the UK was one of the potential pangasius export markets of Vietnam in Europe.
Currently, there are more than 30 companies exporting pangasius to the EU market, of which 20 companies exporting pangasius to the main market in the region, the Netherlands. NTSF SEAFOODS, Vinh VINH HOAN CORP, and VINH QUANG are the three companies with the largest pangasius export value to the Netherlands in the first 8 months of 2020.
During this time, Vietnam exported outstanding pangasius products such as Frozen breaded pangasius; frozen pangasius fillets, frozen pangasius slice cut/pieces, frozen marinated pangasius ... to the EU market.
Tax rate on pangasius products imported into the EU under EVFTA |
|||
HS code |
Description |
Basic tax |
Roadmap to reduce to 0% |
0302 72 00 |
-- Catfish (Pangasius spp., Silurus spp., Clarias spp., Ictalurus spp.) |
8 |
B3 |
0303 24 00 |
-- Catfish (Pangasius spp., Silurus spp., Clarias spp., Ictalurus spp.) |
8 |
B3 |
0304 62 00 |
-- Catfish (Pangasius spp., Silurus spp., Clarias spp., Ictalurus spp.) |
5.5 |
B3 |
1604 20 90 |
--- Of other fish |
14 |
B3 |
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in January 2024, Vietnamese pangasius exports to Germany decreased by 30% compared to last year and reached only nearly 2 million USD.
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