Vietnam’s pangasius exports to China - Hong Kong in 2017 hit US$410.8 million, up 34.8% compared to 2016, accounting for 23% of total export value. In the first three quarters of 2017, the export value of pangasius to this market experienced the average growth of two digits. In December 2017, the export value of pangasius to China - Hong Kong increased by nearly 10% over the same period last year.
Exports to the U.S and EU continued to face difficulties. In the European market, out of top 5 importers, exports to the UK went up 2.5% compared to 2016 while those to other markets such as the Netherlands, Germany and Belgium fell by 3.2%; 19.3% and 4.2% respectively over 2016.
In ASEAN, Thailand is the largest buyer of Vietnam’s pangasius exporters with the value of US$51 million, up 8.8%. In addition, shipments to Singapore and the Philippines were worth by 2.8% and 11.9%, respectively. In 2018, Vietnam’s pangasius exports to this region projected to keep the average growth rate as 2017.
In 2017, pangasius exports to the U.S and EU decreased, so the companies increased exports to the 3 potential markets including Brazil, Mexico and Saudi Arabia. The export value to these three markets has grown well and is forecasted to remain at this rate this year. Vietnam’s pangasius sales to Brazil, Mexico and Saudi Arabia reached US$104.7 million, US$104.2 million and US$53.4 million, up 54%; 23.6% and 4.2% respectively over the previous year.
In 2018, Vietnam’s pangasius exports expected to total US$1.85 billion.
(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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