According to US Department of Commerce statistics, in the first 5 months of 2019, US catfish imports decreased in all suppliers (Vietnam, China, Thailand and Guyana). However, this country imported more pangasius from 2 new suppliers (Spain and Taiwan) compared to the previous quarter. In particular, Vietnam still accounted for 91.6 - 96% of total US imports of pangasius.
According to the International Trade Center (ITC), the US imported frozen tilapia fillets worth US $ 417 million from China in 2018. The second largest supplier was Indonesia, having the import value of around US $ US$41 million. However, since May 10, 2019, when the US officially raised the tax rate on imported seafood products from China from 10% to 25%, the shock of Chinese tilapia exports has slowed down the speed of China.
Tilapia is also the largest competitive product with Vietnam pangasius in the US market. According to statistics of the US Department of Commerce, by the end of June 2019, imports of frozen tilapia (Oreochromis Spp) from China fell by 13% in volume and 16% in value over the same period in 2018; Import of frozen NSPF tilapia from China also dropped by 28% in volume and 27% in value over the same period in 2018.
Businesses hope that the decrease in Chinese tilapia market share in the US shall create opportunities for Vietnam pangasius in this market. Having said that, in QII/2019, the export value of Vietnamese pangasius to the US dropped sharply by nearly 42% over the same period in 2018.
Moreover, according to ITC statistics, in the first 5 months of 2019, the US reduced imports of white meat, which not only Chinese tilapia but also pangasius products from Vietnam. In contrast, this country rose imports of white fish from Norway; Iceland; Canada, Chile, even climbed imports from Russia.
In QII/2019, Vietnamese enterprises exported mainly frozen pangasius fillets and frozen pangasius well trimmed to the US with prices ranging from US$1.01 - US$5.54/kg.
With the current export situation, it is predicted that in the last two quarters, pangasius export to the US market will be likely continue to decline.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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