Germany ranked 3rd in importing Vietnamese pangasius in the EU. In January 2024, Vietnamese pangasius exports to the EU market reached 13 million USD, up 20% over the same period last year, accounting for 7.8% of the total exports to markets. In particular, the Netherlands continues to be the market that consumes the most pangasius in the EU, with 4 million USD, an increase of 16% over the same period in 2023. Behind the Netherlands, Spain, Germany, Belgium, and Poland are the main markets for importing a lot of Vietnamese pangasius in the EU.
Notably, pangasius exported to some single markets in the bloc recorded 3-digit growth, including Hungary, which increased 4 times; Slovenia, Spain, and France increased about 2.5 times; and Italy increased 2 times compared to January 2023.
Also, according to Vietnam Customs data, in the first half of February this year, Germany only bought less than 700,000 USD of pangasius from Vietnam, down 60% compared to the same period in 2023. As of February 15, 2024, cumulative pangasius exports to Germany reached about 2.5 million USD, down 42% over the same period last year.
While most of the main markets consuming pangasius increased imports, Germany, from a bright spot in the first half of 2023, became a market with export turnover increasing and decreasing erratically. The economy of this most prosperous European country in 2024 is also forecast to have many challenges. Vietnamese pangasius exports to Germany have not been able to stabilize again this year.
(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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