The U.S
In the first 7 months of 2017, Vietnam’s angasius exports to the U.S market reached US$220.8 million, up 3.3% over the same period last year, accounting for 22% of total exports. In QII/2017, exports to the market recorded the remarkable increase from 11% to 52% over the same period in 2016, which pushed the market to the leading position.
Apart from competing with tilapia products from China, Vietnam pangasius also has to compete with some other whitefish products in the U.S market such as haddock; Alaska pollock, cod ...
China - Hong Kong:
In the first 7 months of 2017, Vietnam’s pangasius exports to China - Hong Kong reached US$206.1 million, up 46.2% over the same period in 2016. At the beginning of 2017, seafood prices in China recorded the rise; thus the price of whitefish products, including pangasius, also increased. In the domestic wholesale markets, the volume of crustaceans and mollusks has increased significantly, while that of freshwater fish has declined remarkably.
In May 2017, the average price of crustacean species increased by 22% over the previous year; that of mollusks went up 45% and that of freshwater inched by 13%. Meanwhile, the consumption volume of freshwater fish, which now picked up the largest volume of fishery products traded in China, down 20% from the same period last year to 2,757 MT. Besides, the decrease in carp consumption in China also led to the increase in imports of whitefish products, including pangasius.
Brazil, Mexico, Colombia and Saudi Arabia
In Jan-Jul 2017, Vietnam’s pangasius exports to the 4 potential markets showed the good signs over the same period last year with growth of 59.3%; 25,7%; 8.9% and 6%, respectively. The sharp decline in the last 3 years in the EU market has forced Vietnam pangasius companies to shift their exports to other potential importing markets. In the second half of 2017, the export value to these markets expected to go on the rise from 8 to 35% year on year.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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