China - Hong Kong
In January 2021, Vietnam's pangasius exports to the Chinese market were affected due to the regulations on inspection of imported frozen foods to prevent corona infection of some Vietnam - China border gates, causing the export value of pangasius to increase. to this market decreased by 31.3% over the same period last year. However, from the end of February and the beginning of March 2021, the export value of pangasius to this market increased from 16.7 to 28% over the same period last year. Currently, pangasius exports to China - Hong Kong market have grown again. By the end of April 2021, the total value of pangasius exports to this market reached 117.2 million USD, accounting for nearly 24% of Vietnam's total pangasius export value and up 5.4% over the same period in 2020. China - Hong Kong returned to the leading position in the top of the largest pangasius export markets of Vietnamese enterprises.
The US
In April 2021, the export value of pangasius to the US increased sharply by 136% over the same period last year, reaching 30.3 million USD. By the end of April 2021, the total value of pangasius exports to this market reached US$102 million, up 36.7% over the same period last year. The average export price of pangasius to the US market in 2020 was lower than in 2019, but in the first quarter of 2021, the average price of frozen pangasius fillets exported to the US increased to 2.87 USD/kg. Since the end of 2020, the inventory of pangasius in the US has not been much, in addition, the domestic catfish production of this country has also decreased. Therefore, right from the beginning of this year, the US has increased imports of frozen pangasius.
Brazil and Thailand
In April 2021, the export value of pangasius to these two markets skyrocketed. This is beyond the expectations of many market experts in the pangasius industry because in 2020, the value of Vietnamese pangasius exports to Brazil and Thailand will be heavily affected by Covid. In this month, the export value to Brazil increased by 687%, and to Thailand also increased by 47% over the same period last year. By the end of April, the total value of pangasius exports to Brazil reached 22.3 million USD, to Thailand reached 21.2 million USD, up 38.7% and 8.5% respectively over the same period last year. The return of export growth to Thailand - the largest pangasius import market in ASEAN - is also a good signal to increase the value of pangasius exports to this region in the next quarter.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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