Up 16.3% in pangasius exports to Thailand

News 15:51 26/05/2016
(seafood.vasep.com.vn) As of Mar 2016, Vietnam pangasius exports to the ASEAN countries gained US$33.47 million. Of that, the figure to Thailand estimated at US$12.47 million, picking up 36.4% of the total export value to the region.

In QI/2016, the export value of pangasius to Thailand, the largest market out of the ASEAN countries, registered a year-on-year rise of 16.3%. This country stays as a large and potential pangasius importing market from Vietnam. In the past 3 years, Thailand has been the competitor of Vietnam’s shrimp, tuna and cephalopod in ASEAN as well as an important and strategic partner for Vietnam’s seafood exports. In 2015, despite the year-on-year slump in pangasius export value to some major markets (the U.S, the EU, Brazil, the Netherlands, Mexico, and Colombia), sales to Thailand increased by 8% from 2014.

Thanks to competitive prices, pangasius products from Vietnam are increasingly popular in Thailand. So far, frozen pangasius fillets of Vietnam become the most preferred product among whitefish products in Thailand.

According to the ITC, in 2015, the total whitefish import value into Thailand increased by 3% over the previous year, of which, imports of frozen pangasius fillets from Vietnam went up 12%. Out of whitefish products imported into Thailand, frozen pangasius fillets (HS code 030462) made up nearly 60% of the total import value. The country has also increased imports of frozen Alaska pollock meat, frozen cod fillets, and frozen tilapia fillets, however, these products took up a small proportion of whitefish imports into Thailand.

In the late 2015, the ASEAN Economic Community (AEC) was established, both Thailand and Vietnam had taken a lot of advantages. The AEC would create great opportunities for both Vietnam and Thailand in the region with over 600 million people.

Whitefish imports into Thailand (US$Thousand)

HS code

Products

QI

QII

QIII

QIV

2015

Compared to 2014 (%)

Jan 2016

Feb 2016

030462

Frozen pangasius fillets

8,374

11,933

8,819

10,244

39,370

12

3,142

2,812

030494

Frozen Alaska pollock meat

560

1,230

1,012

1,880

4,682

359

66

123

030363

Frozen cod

917

2,304

550

849

4,620

-42

109

96

030475

Frozen Alaska pollock fillets

1

475

495

548

1,519

-47

-

-

030471

Frozen cod fillets

447

272

318

452

1,489

16

147

63

030461

Frozen tilapia fillets

215

997

444

441

2,097

56

79

0

030367

Frozen Alaska pollock

1,125

3,562

1,932

152

6,771

-17

44

0

030323

Frozen tilapia

252

138

181

120

691

163

27

144

030251

Fresh/chilled cod

60

115

125

86

386

77

22

44

030366

Frozen hake

99

-

134

59

292

-29

6

160

Source: ITC

Written by Ta Ha

Compiled by Dieu Thuy  

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