In August, pangasius exports to the US reached 33 million USD, up 45% over the same period. This result however does not reflect a positive trend because August 2021 is the time when pangasius exports plummeted due to the impact of the Covid pandemic. Pangasius sales to the US in August were slightly higher than in July 2022.
In the first 8 months of 2022, frozen pangasius fillets accounted for 87% of pangasius export value to the US. Vietnam exported about 94 thousand tons of frozen pangasius fillets to the US during this period. The average price of frozen pangasius fillets exported to the US in August 2022 remained high at 5 USD/kg. However, after reaching a high level from March to May with a volume of about 13.5-16 thousand tons/month, pangasius exports to this market began to slow down from June, falling to the lowest level in July and slightly recovered in August.
According to statistics of the US Department of Agriculture, in the first 7 months of this year, the US imported a total of 95.4 thousand tons of frozen pangasius, worth nearly US$ 403 million, up 35% in volume and 106% in value compared to the previous year.
Vietnam pangasius exports are expected to increase in the next coming months to serve the Chirstmas and New Year
In which, Vietnam's frozen pangasius exports to the US reached 88.2 thousand tons, worth 371 million USD, up 34% and 109% respectively over the same period last year. Vietnam accounts for over 92% of frozen pangasius imports to the US, both in volume and value.
The US also imports pangasius and catfish from China, Taiwan, Thailand and Brazil. In which, China accounts for about 5%, the remaining countries account for about 3%.
The average price of frozen pangasius imports into the US in the first 7 months of this year reached US$4.22/kg, up 53% over the same period last year. Particularly, the import price of frozen pangasius from Vietnam increased by 56% to 4.21 USD/kg.
Frozen pangasius fillets (HS code 030462) accounted for 96% of frozen pangasius imports into the US with over 91 thousand tons, worth 385 million USD. In which, imports from Vietnam reached 86.6 thousand tons, equivalent to 364 million USD.
In addition, the volume of whole/cut pangasius and catfish (HS code 030324) imported into the US accounted for only 1.3 thousand tons, equivalent to $5.8 million in value.
The increase in inventories, congestion at ports cause importers to start to reduce imports. Vietnam's frozen pangasius fillets exported to the US in August reached about 6.7 thousand tons, higher than July but much lower than in the first months of the year.
US pangasius imports will gradually increase in the coming months, when food price inflation in general and seafood in particular makes the US market more wobbly. Besides, the US will increase imports to meet the demands in Christmas and New Year.
Compiled by Thuy Linh
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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