Regarding the consumer market, in March 2024, China and Hong Kong bought more than 36 million USD from Vietnam, down 44% compared to March 2023 and up 56% compared to the previous month. In the first quarter of 2024, Vietnam exported nearly 112 million USD of pangasius to this market, down 22% compared to the same period last year. This decrease was mainly because, in February 2024, both Vietnam and China had the Lunar New Year holiday. China and Hong Kong continue to be the largest import markets for Vietnamese pangasius, accounting for 27% of the total value of Vietnam's exports to markets.
Behind China and Hong Kong, the US imported nearly 31 million USD of pangasius in March 2024, a slight increase of 0.03% compared to March 2023 and nearly double compared to February 2024. This was also the month that recorded the highest pangasius export value to the US since June 2023. Cumulative exports of Vietnamese pangasius to the US in the first 3 months of this year reached nearly 65 million USD, up 12% over the same period last year. The average price of pangasius exports to the US in the first months of this year has increased compared to the fourth quarter of 2023 but is still lower than the same period last year.
Pangasius export turnover to the US in the first quarter of this year was one of the positive signs for 2024 with new orders when inventory in this country is decreasing.
In March 2024, Vietnam exported nearly 22 million USD of pangasius to the CPTPP market, down 8% compared to March 2023. In the last month of QI/2024, some markets recorded positive growth in pangasius imports, including Brunei, Canada, Japan, New Zealand, Chile,... Notably, Mexico was the country that consumed the most pangasius in March 2024 in the bloc, with an import value from Vietnam of nearly 5 million USD, down 21% over the same period last year. Followed by Japan with more than 4 million USD, up 26% over the same period last year and up 129% over the previous month. In QI/2024, CPTPP consumed more than 59 million USD of pangasius, an increase of 8% over the same period.
In the context of inflation and war with a series of supply security risks, countries tend to look for products with stable supply and reasonable prices, such as Vietnamese pangasius.
(seafood.vasep.com.vn) Vietnam seafood exports in April 2024 reached 770 million USD, up 4% over the same period last year. Exports of tuna, pangasius, crab, and mollusc shells all recorded positive growth. However, shrimp exports were equivalent to April 2023, and exports of cephalopod, and some other marine fish species were still lower than in the same period. Cumulatively, in the first 4 months of 2024, seafood exports reached a total of 2.7 billion USD, up 6% over the same period in 2023.
HALCERT, operating under QUACERT, will oversee certification activities and facilitate discussions, training and international cooperation in the Halal sector.
(seafood.vasep.com.vn) After a continuous decline in the second half of 2023, in the first quarter of 2024, Vietnam's seafood exports showed signs of a slight recovery with an increase of 6.5% over the same period last year, reaching nearly 2 billion USD. Exports made a strong breakthrough in January, before the Lunar New Year, but tended to slow down in February and March.
The south-central province of Binh Dinh has shown a strong determination in handling any fishing vessels that have no registration, fishing licences and certificates proving their seaworthiness (“three no's” fishing vessels), as part of the efforts to fight illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) NAVICO has announced that it has closed the value chain for pangasius fish by ensuring 100% self-sufficiency in feed for aquaculture and raw fish production, creating favorable conditions for a breakthrough in this year's business results.
(seafood.vasep.com.vn) On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.
(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
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