The Zero-Covid policy with prolonged restrictions has weakened the Chinese seafood market. Demand for seafood and seafood prices in the market both decreased. Statistics and data collected at 68 wholesale markets across the country show that in September 2022, seafood sales decreased by 19.6% compared to September 2021, the average seafood price was at 3. 41 USD/kg, down 12.1% over the same period last year. The price of freshwater seafood fell 6.3% to an average of $2.64/kg, while the volume of freshwater seafood sold fell by 16.5%, showing the impact of China's COVID-19 lockdown.
In spite of some limitations due to the Zero-Covid policy, China is still a very potential destination for many Vietnamese pangasius exporters. By the end of November, pangasius exports to China reached 636 million USD, up 81% over the same period while exports to Hong Kong reached nearly 38 million USD, up 46%. Particularly, frozen pangasius fillets with HS code 0304 exported to China reached US$472 million, accounting for 74% of pangasius export value to this market.
According to statistics of China Customs, as of October 2022, imports of frozen fish fillets with HS code 0304 from Vietnam into China reached nearly 500 million USD. Of which, frozen pangasius fillets accounted for nearly 89% with $444 million.
The trend of the Chinese market in the coming time is unpredictable and depends significantly on whether China adjusts its Zero Covid policy or not as well as how it is adjusted. However, many seafood traders in the world, including Vietnamese enterprises, are hoping for the stability of this market as this is still a large market with high consumption demand.
Among Vietnamese pangasius import markets, China attracts the largest number of export enterprises. Up to now, there are more than 160 Vietnamese pangasius exporters in China. Top 5 pangasius exporters to China include Dai Thanh Co., Ltd., TG Fishery JSC, I.D.I Corporation, Cadovimex II and Go Dang JSC. In general, there's not much difference in sales between these companies, accounting for 6-7% of pangasius export value to China.
Compiled by Thuy Linh
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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