In 2014, the import volume of frozen pangasius into Saudi Arabia was larger and higher than the frozen tilapia. According to ITC, the country imported 800-1,725 MT of pangasius from Vietnam each month, most of which were frozen fish fillets (HS code 030462). In addition, the country also imported frozen chilled fish (HS code 030432) with the average volume of 50 - 200 MT/month.
According to ITC, in 2012, Saudi Arabia bought only about 192 MT of frozen pangasius (HS code 030324) with the value of US$365 thousand. After 5 years, the import volume of this item from Vietnam into Saudi Arabia has increased by 57 times and the import value has gone up 49 times to eye nearly 11 thousand MT and US$17.7 million, respectively.
In 2016, imports of pangasius into the market accounted for the largest share in total whitefish imports, followed by tilapia meat (HS code 030493); frozen tilapia (HS code 030323), fresh/chilled tilapia (HS code 030271). In addition, this market also imported some other whitefish products such as fresh/chilled hake (HS code 030254), frozen cod (HS code 030363) and Alaskan pollock meat (HS code 030494).
In 2016, Vietnam held as the largest whitefish supplier to Saudi Arabia, accounting for 43% of total imports into the country, followed by Myanmar, Egypt, Taiwan, Bangladesh and Thailand. In 2016, the import price of pangasius into Saudi Arabia ranged from US$1.45 to US$1.5 per kg, down over 2015.
In QI/2017, Vietnam’s pangasius shipments to the country posted the good signs and Vietnam enterprises tended to shift their exports America, Asia, including Saudi Arabia while there were difficulties exports to large markets such as the U.S, EU.
In the coming time, Vietnam’s pangasius exports to Saudi Arabia forecasted to increase by 5-10% over the same period last year, with the export price of US$1.5 to US$1.75 per kilogram.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(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.
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