Pangasius exports to the Philippines increases

News 16:39 13/04/2015 609
(vasep.com.vn) Starting to import pangasius from Vietnam in 2008 at around 600 MT/year with annual value of US$ 1.6 million, now, among ASEAN nations, after Thailand and Singapore, the Philippines is the third most popular destination for the fish.

According to Vietnam General Customs, pangasius exports to the Philippines in 2014 valued at US$ 28.4 million, up 6% year on year. In February 2015, pangasius exports to the Philippines worth US$ 2.12 million, representing a 6% increase. This brought cumulative pangasius exports in 2015 to US$ 4.6 million, up 11% from 2014

In recent years, Vietnam, keeping 73.3% of the market share, has been the leading source of frozen fish fillets to the Philippines. Most of these products were pangasius. In 2014, the Philippines imported 17,893 MT of frozen fish fillets from Vietnam, up 11% from 2013. Meanwhile, China, the runner-up sent 10,953 MT, up 23%. 

Domestic pangasius farming in the Philippines is limited, therefore, the market needs imports from Vietnam. In the Philippines, imported pangasius is a material for value-added products such as smoked fish, fried fish or sausage. 

Reportedly, several projects have been implemented in the Philippines to reduce pangasius imports with a hope to tackle food security and create more jobs. Pangasius is the third common farmed freshwater fish because of its high capability.   

 

Top 10 frozen fish fillets (code HS0304) exporting countries to the Philippines by value

(Unit: US$ million)

Country

 2010

 2011

 2012

 2013

 2014

Vietnam  

12,108

23,636

27,269

26,559

28,475

China  

2,588

4,241

4,358

5,342

7,154

Malaysia

31

29

35

178

693

Marshall Islands

254

0

302

658

444

Netherlands

1

4

0

69

390

Indonesia

848

918

1,083

324

375

Thailand

153

151

258

369

206

Australia

43

273

189

170

197

Singapore

129

87

178

394

179

UK

0

0

37

48

160

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