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.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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