The U.S
As of Oct 016, Vietnam’s pangasius exports to the U.S valued at US$319.8 million, accounting for 23% of total exports, and up 22.7% over the same period last year. The exports in Oct 2016 registered the good growth of 19% compared to the same period in 2015. So far, the impact of the USDA catfish inspection program have not affected on Vietnam’s export activities yet. However, in 2017, exports to this market forecasted to get more difficult, the export value will not grow as strongly as that in 2016 due to impacts of the USDA catfish inspection program and high anti-dumping duty.
The EU
Vietnam’s pangasius exports to the EU in Jan-Oct 2016 reached US$217.7 million, down 11.5% from the same period last year. Of that, exports to the 4 largest buyers in the bloc, including the Netherlands, the UK, Spain and Germany showed the year-on-year declines of 11.2%; 1.9%; 15.2% and 5%, respectively. Total pangasius exports of Viet Nam to the market in 2016 (by value) forecasted to decrease by 12% compared to 2015.
China – Hong Kong
Through Oct 2016, Vietnam’s pangasius exports to China - Hong Kong totaled US$235.5 million, up 76% compared to the same period last year. Exports to this market posted the good growth in 2 consecutive years. So far, the import demand for pangasius in China remains strong. According to Vietnam Trade Promotion Office in Chongqing, China, the import demand for pangasius in China remains high thanks to a reasonable price. China mainly imports pangasius for processing fast-food in restaurants, hotels, canteens, as well as flights. With this growth, in the coming time, China expected to become the biggest buyer of Vietnam’s pangasius.
Other importing markets
ASEAN is a potential importing market of Vietnam pangasius but the growth began to slow down. As of Oct 2016, Vietnam pangasius exports to this market reached US$112 million, an increase of 0.02% over the same period last year. Exports to top 3 importers in the region, including Thailand, Singapore and the Philippines remained stable over the same period in 2015.
Written by Ta Ha
Compiled by Dieu Thuy
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(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.
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