Exported value-added pangasius to the US keeps rising. In July 2024, the export value of this product reached US$1.3 million, an increase of 42 thousand times compared to the same period in 2023, accounting for 33% of the total value-added pangasius exported by Vietnam to markets in July 2024.In June, the export was more than US$800 thousand, an increase of 7 times compared to the same period.
By the end of July 2024, the export of value-added pangasius to the US reached about US$3 million, an increase of 14 times compared to the same period last year. This figure accounts for 14% of the total value of value-added pangasius exported by Vietnam to markets in the first 7 months of 2024. Exports of dried pangasius and other frozen products (whole round, steak, bladder, etc.) to the US in the first 7 months of this year were unstable when the previous month, the value recorded growth, but decreased immediately in the following month. However, in July 2024, exports of dried pangasius and other frozen products to the US doubled, reaching US$490 thousand. In February, April, and June 2024, the export value of this product all decreased by double digits.
Frozen pangasius fillets are still the main product exported to the US, reaching US$29 million, an increase of 61% over the same period in 2023. By the end of July 2024, the export value of frozen pangasius fillets to the US was US$185 million, an increase of 19%. According to ITC, in the first half of this year, Vietnam is still the second largest supplier of whitefish (mainly pangasius) to the US with US$184 million, an increase of 472%, accounting for 21% of the total value of whitefish imported from the world. May 2024 had the highest import of whitefish from Vietnam to the US since the beginning of this year, with US$43 million, an increase of 22% over May 2023; In June 2024, the US bought nearly US$42 million, an increase of 22% over the same period in 2023. China is still the largest supplier of whitefish to the US, accounting for 41% of the total whitefish imported by the US, with a value of US$357 million. Pangasius exports to the US have shown a recovery trend, as inventories of this market in 2023 have decreased significantly. Festivals and year-end holidays have also raised consumer demand. In December, pangasius exports to the US are expected to grow. However, exporters still have to face the impacts of the Russia-Ukraine war, or increasingly tense conflicts that have not yet ended in the Red Sea.
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
(seafood.vasep.com.vn) The "Cooking Show - Tasting delicious seafood" area at Vietfish 2024 organized by VASEP has always been a favorite highlight for visitors, especially domestic consumers. This area is not only a place to showcase a variety of flavors and high-quality Vietnamese products that are renowned in the global market but also a venue where consumers can experience captivating and visually appealing culinary performances by professional chefs.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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