In 2022, inflation and the Russia-Ukraine conflict have helped pangasius, the moderately priced white fish, increase export sales. Most markets have increased by 40-200% of Vietnam's pangasius imports.
The two markets that dominate Vietnam's pangasius export trend are China accounting for 30%, the US accounting for 23%. After a dramatic increase in the first half of the year, high inventories and congestion at import ports caused US demand to decrease.
According to statistics of the US Department of Agriculture, in the first 9 months of 2022, the US imported 104.5 thousand tons of frozen pangasius fillets, worth US$ 445.2 million, up 24% in volume and 91% in value compared to the same period last year.
The average import price of frozen pangasius fillets to the US market in the first 9 months of 2022 reached $4.26/kg, up 53% compared to the average import price of $2.77/kg in the same period in 2021.
While imports of other white fishes such as cod, hake, pollock either decreased or increased only slightly, imports of pangasius and tilapia increased sharply and took the leading position. This shows the farmed fish is gradually replacing marine fish, as the war and the embargo make the market short of supply from Russia.
Therefore, Vietnam is the second largest supplier of white fish to the US market, after China. While China mainly supplies tilapia and still maintains the role of an expert in processing white fish such as cod and pollock for the US market, Vietnam still holds the prominent position in pangasius products in the US.
Vietnam pangasius exports by the end of October 2022 reached 2.2 billion USD
Meanwhile, imports into the Chinese market continued to recover strongly as the domestic seafood production decreased and the zero Covid policy caused China’s shortage in food and seafood. It is estimated that by the end of October, the total export of Vietnamese pangasius to the Chinese market reached 647 million USD, up 110% over the same period last year.
China mainly imports 2 product lines of frozen pangasius fillets/cuts and fresh/frozen whole pangasius, accounting for 68% and 32% respectively. The average export price of frozen pangasius fillets to the Chinese market in the first 9 months reached $2.45/kg. The export price increased from 2.2 USD at the beginning of the year to a peak of 2.73 USD/kg in September, 64% higher than the price at the same time last year.
In addition, Vietnam also sharply increased exports to CPTPP markets and some Asian markets, taking full advantage of tariffs and geographical factors.
By the end of September 2022, Vietnam has more than 400 enterprises participating in exporting pangasius. The top 5 largest enterprises include Vinh Hoan Corp, Bien Dong Seafood, Navico, I.D.I Corp, VDTG FOOD accounting for 37% of export turnover.
Most pangasius enterprises have increased sales compared to the same period last year, mainly thanks to higher export prices. With the results achieved until October, pangasius exports in 2022 are expected to reach over $2.4 billion, up 49% compared to 2021.
Compiled by Thuy Linh
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
