Earlier this year, there were 5 Vietnamese enterprises participating in exporting pangasius to the Russian market. However, in January 2022, the export value of pangasius to this market reached US$2.18 million, down 29.8% over the same period in 2021.
In 2021, the Covid-19 epidemic had a positive impact, causing a sharp increase in the demand for importing Russian frozen pangasius fillets from Vietnam. In 2021, Vietnam was one of the three largest suppliers of white fish products to Russia (after Argentina and China). Vietnam is a unique market supplying frozen pangasius to Russia. Until now, Vietnamese pangasius enterprises still consider Russia as a market with great potential and great demand.
Since the beginning of this year, especially after Russia opened a special military campaign in Ukraine, the situation of exporting Vietnamese pangasius to this market is temporarily interrupted and facing many difficulties.
As reflected by some large pangasius exporters to Russia, after Western countries introduced a series of financial sanctions targeting Russian banks, the ruble fell by nearly 30%, to the lowest level. so far against the USD, with the milestone of nearly 95 Rubles for 1 USD on March 1. Due to the strong depreciation of the ruble, many importers do not want to pay for their orders. The payment situation through banks of enterprises is almost paralyzed, some importers have accounts in other countries but the payment is not easy.
Currently, enterprises have temporarily stopped signing pangasius export orders to Russia, although many importers still want to continue cooperation without interruption.
Shipping lines have also announced not to accept shipping containers to Russia because of the very high risk that shipments may be detained at the Port of Rotterdam before reaching two major Russian seaports, Saint Petersburg and Vladivostok.
Moreover, currently, the price of raw pangasius in the Mekong Delta has increased to 32,000 VND/kg due to scarcity. Enterprises cannot buy raw materials due to the sharp increase in prices. Many other large markets are also in great demand to import pangasius, but factories do not have enough raw materials for processing, not to mention enough finished fish to be exported to Russia in the current context of war tensions.
(seafood.vasep.com.vn) On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
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.
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