In 2019, the US-China trade war did not bring benefits for Vietnamese enterprises at US market as forecasted. The US continued to impose high antidumping duties. Futhermore, inspection catfish program that list Vietnam as a country eligible to export Siluriformes fish and fish products to the US was released later than the US statement.
Although tilapia imports into the US from China decreased significantly due to high import tax, this did not affect the proportion of pangasius in the country's seafood import structure.
In 2019, the value of pangasius exports to the US decreased in 11 consecutive months compared to the same period in 2018. Many businesses withdrew from this market due to difficulty in exports.
|
Catfish importers of the US, Jan-Nov/2019 |
|||
|
Importers |
Kg |
USD |
|
|
China |
Frozen catfish (Ictalurus) fillets |
3,582,707 |
18,022,730 |
|
Frozen catfish (Ictalurus) |
21,956 |
58,080 |
|
|
Frozen pangasius fillets |
618,588 |
3,002,468 |
|
|
Frozen other catifish (Siluriformes) fillets |
19,731 |
92,793 |
|
|
Chilled catfish (Silurus, Clarias) fillets |
19,731 |
116,580 |
|
|
Total |
4.262.713 |
21,292,651 |
|
|
Taiwan |
Chilled catfish (Silurus, Clarias) fillets |
33,256 |
174,343 |
|
Total |
33,256 |
174,343 |
|
|
Thailand |
Frozen NSPF catfish fillets |
7,140 |
14,832 |
|
Frozen NSPF catfish |
4,182 |
18,947 |
|
|
Total |
11.322 |
33,779 |
|
|
Vietnam |
Frozen pangasius fillets |
48,397,504 |
193,142,334 |
|
Frozen pangasius |
561,448 |
1,596,839 |
|
|
Frozen other catifish (Siluriformes) fillets |
27,104,995 |
106,287,417 |
|
|
Frozen NSPF catfish fillets |
23,950 |
106,128 |
|
|
Frozen NSPF catfish |
22,970 |
64,484 |
|
|
Total |
76,110,867 |
301,197,202 |
|
|
Total (Acummulated in the first 11 months of 2019) |
80,418,158 |
322,697,975 |
|
|
Imports total in 2018 |
121,086,824 |
546,550,622 |
|
|
Source: US Department of Commerce |
|||
Due to the impact of reduced import demand and domestic raw material prices, so the average export price of pangasius to the US market in 2019 also decreased, from US$ 4.73/kg at the beginning of the year to about US $2.85/kg.
About 30 enterprises exported pangasius to the US market in 2019, of which, the three largest enterprises were: VINH HOAN CORP, BIEN DONG SEAFOOD and VD FOOD LTD. At the end of 2019, the US's USDA officially announced the recognition of pangasius management and supervision system of Vietnam equivalent to that of the US, creating better conditions for exporters exports pangasius to the US.
According to the plan of the Food Safety and Inspection Department (FSIS) of the United States Department of Agriculture, in March 2020 (from 2nd -13th), FSIS's Food Safety Inspection Team will conduct the inspection, assessing the food safety and hygiene control system of pangasius farms, processing plants, food safety management agencies in the Mekong Delta. However, due to the complicated spread of the Covid-19 epidemic, the plan was postponed.
Due to the disruption of pangasius exports to Chinese market in the first months of 2020, Vietnam enterprises are working hard to seek and promote exports to new markets. The disease situation is affecting the trade of seafood, but it is also a good opportunity for businesses to enhance exports amid seafood consumption (including pangasius) is increasing sharply in the US as consumers are storing more food to cope with the disease situation.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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