In August 2023 alone, Vietnam pangasius exports to the US reached more than 25 million USD, down 24% over the same period in 2022, up 38% over the previous month. The decline compared to the same period last year has gradually narrowed since May 2023, the declines in May, June, July, and August were 53%, 51%, 43%, and 24% respectively.
The US is an important market and consumes a lot of Vietnam pangasius. However, in the first half of 2022, pangasius imports from Vietnam to the US increased sharply, causing inventories in the US to increase. Therefore, in the first months of 2023, Vietnam pangasius exports to the US continuously witnessed negative growth. The average price of pangasius exports to the US in August reached 2.92 USD/kg, down 44% compared to the same period last year. This is also the deepest decrease since the beginning of this year. This price decreased by 5% compared to the previous month. According to data from the World Trade Center (ITC), in the first 7 months of 2023, the US imported more than 1 billion USD of white meat fish from the world and imported more than 199 million USD from Vietnam. Vietnam accounts for 18% of the total import value of white fish products from the US. China is the largest supplier to the US, accounting for 45% of the market share. Vietnam pangasius still has a lot of room in the US market. At the 2023 international pangasius industry conference organized by VASEP within the framework of VIETFISH 2023 Exhibition, Mr. Arno Willemink - Operations Director of De Heus Vietnam said that pangasius at reasonable prices is gradually replacing meat fish. naturally mined white. This is a general trend that affects the consumption potential of the pangasius industry in the coming time. Positive results after the US FSIS inspection and preliminary results of the 19th anti-dumping tax administrative review (POR19) on Vietnam frozen pangasius fillets entering the US market from January 1 August 2021 to July 31, 2022, has helped create positive psychology for export businesses. In addition, the fact that President Joe Biden paid a state visit to Vietnam in September and upgraded relations with Vietnam to the highest level of "Comprehensive Strategic Partnership" will open up more opportunities. Association for Vietnam seafood, including pangasius, in this important consumer market.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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