In the first half of 2021, trade barriers from China and the decline in pangasius exports to the EU over the past several years have caused Vietnamese pangasius enterprises to shift to potential markets in ASEAN, the Middle East or Latin America. . In which, the number of enterprises promoting pangasius exports to Brazil and Mexico increased significantly compared to the previous year.
In the second quarter of 2021, the export value of pangasius to Mexico increased impressively to triple digits, from 166% to 232% over the same period in 2020.
Mexico is the market with the second highest per capita income in Latin America (after Brazil). Free trade system with relatively low import tax, ranging from 0-35% on average. This is also a market in the CPTPP bloc. According to the CPTPP Agreement, the import tax rate of seafood into the Mexican market will be 0% from the third year. Pangasius is the seafood product imported by Mexico with the largest volume and value, followed by fish tuna products. .
Currently, the average export price of frozen pangasius fillets to the Mexican market ranges from 1.75 to 1.82 USD/kg. Many pangasius enterprises moved from some other markets to Mexico, so by the end of July 2021, there were more than 40 Vietnamese seafood enterprises exporting pangasius to Mexico. The largest of which are: IDI CORP, NAVICO and DATHACO. Pangasius processing enterprises in Dong Thap, An Giang, Ben Tre, Can Tho and Vinh Long are promoting pangasius exports to the Mexican market.
Currently, Vietnam exports to Mexico mainly frozen pangasius fillets and frozen pangasius portion .
Like many other economies, at the end of August 2021, after more than 18 months of closure due to the Covid-19 epidemic, Mexico cautiously opened its economy and was ready to "live with Covid-19". Currently, Mexican importers have begun to stabilize production and gradually increase the amount of goods supplied to many big cities. The country is also maintaining an open border policy to take advantage of economic benefits, promote production and trade.
Seeing the potential ahead, however, the most necessary thing for Vietnamese pangasius exporters during this time is to soon return to stable production after the gap.
Hopefully, after social distancing efforts to control the disease in many localities, pangasius processing enterprises will soon stabilize again to maintain orders, create jobs for workers and capture promising opportunities for export to the Mexican market.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
(seafood.vasep.com.vn) In 2024, Vietnam's seafood sector successfully exported to numerous countries, reaching a milestone of USD 10 billion, a 12% increase compared to 2023. 2025 promises to be a prospective year for promoting exports to various markets, including target and potential markets such as the US, China, ASEAN, and the Middle East.
(seafood.vasep.com.vn) The EU has been one of the largest consumers of Vietnamese pangasius over the past decade. However, data from Vietnam Customs reveals a gradual decline in EU imports of pangasius from Vietnam over the last five years.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
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