From January to February 2018, the value of Pangasius exports to EU decreased by 13.2% and 15.3% compared to the same period in 2017. For the remaining 10 months, Pangasius exports to EU increased. In particular, export value to the four largest export markets (Netherlands, England, Germany and Belgium) were relatively stable.
According to ITC statistics, in the first 11 months of 2018, EU's import value of white fish increased by 8.6%, of which imports from England, France and Portugal increase significantly. The price of importing pangasius to EU market in the first 9 months of 2018 also bounced to more than US$3 /kg. This was the highest price since 2016.
The latest ITC statistics also showed that in the structure of EU white fish imports in the first 10 months of 2018, frozen Cod fillet fish (HS 030471) was still the product with the highest proportion of nearly 26% of total white fish imports followed by frozen Alaska pollack fillet fish (HS 030475); Frozen Cod fish (HS 030363); Frozen Hake fillet fish (HS 030474) ... During this time, imported frozen Hake fish (HS 030366) increased the most at 27.8% compared to the same period in 2017.
Import of frozen Pangasius, basa fillet fish (HS 030462) to the EU in the first 10 months of 2018 also progressed by 6% over the same period in the previous year. Currently, Pangasius products are also competing against tilapia and Alaska pollock in some key markets in Europe. The replacement of Pangasius products in some market segments is taking place across Europe with varying degrees.
In 2018, the value of Pangasius export to the EU market became positive again because the price of domestic pangasius materials increased, causing exports price to increase. Export value to some big markets in this region such as Netherlands increased by 33.4%, England increased by 6%, Germany increased by 10.5%, Belgium increased by 11.8% over the previous year. Particularly in December 2018, exporting Pangasius to 4 markets skyrocketed, export value to the Netherlands increased by 71.3%; England increased by 75.4%; Germany increased by 45.2% and Belgium increased by 144.8%. In the last two quarters, exports Pangasius to Holland, Germany and especially Belgium grew well.
The recovery and growth of Pangasius exports to EU market after many consecutive years of declining export value has generated goodwill for enterprises to export to this market. It is forecasted that in 2019, Pangasius export to EU will continue to increase by 20-35% compared to 2018.
(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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