China – Hong Kong
As of September 2017, Vietnam’s pangasius exports to China - Hong Kong valued at US$288.1 million, up 42.7% year on year. In the period, shipments to this market recorded the continuous growth, which shows the shift of a large number of pangasius exporters to this market.
Exports to the U.S and the EU faced difficulties due to technical barriers, therefore, many pangasius exporting enterprises shifted their shipments to China. In QIII/2017, the average export value to this market stayed relatively stable, ranging from US$34-41 million per month. By the end of 2017, Vietnam’s pangasius exports to China and Hong Kong forecasted to keep the double digit growth compared to 2016.
The U.S – The EU
In the first 9 months of 2017, Vietnam’s pangasius exports to the U.S reached US$258.3 million, down 9.9% over the same period last year. The US Department of Agriculture (USDA) has decided to check all shipments of pangasius imported from Vietnam as of 2nd August 2017, and in the preliminary decision of POR13, the US Department of Commerce announced the tariff of US$2.39/kg, which is three times higher than that in the 12th administrative review period. In August and September 2017, Vietnam’s pangasius exports to the U.S decreased by 54.6% and 41.2% over the same period of 2016.
Vietnam’s pangasius shipments to the EU in August and September 2017 continued to decrease by 8.4% and 23.7%, respectively compared to the same period in 2016. The average export value in the 3 months of QIII/2017 ranged from US$15-19.4 million. Currently, Vietnam’s pangasius products had to strongly compete with whitefish products in the EU.
Brazil, Mexico, Colombia and Saudi Arabia
In the period, sales to these 4 markets offset the decline in exports to the U.S and the EU.
Brazil stayed as a big pontential market. Particularly in September 2017, Vietnam’s pangasius exports to Brazil hit US$6.73 million, up 103.3% over the same period last year. The figure in Jan-Sep 2017 totaled US$77.1 million, up 66.7% year on year. Exports to this market witnessed the highest growth rate in the first three quarters of this year.
In addition, Vietnam’s pangasius exports to Mexico, Colombia and Saudi Arabia rose by 22.6%; 1.4% and 4% respectively over the same period in 2016.
In 2017, total pangasius exports of Vietnam expected to increase by about 6% compared to 2016 despite difficulties.
(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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