By the end of April 2023, exports to the two largest markets of Vietnamese pangasius, China and the US, also fell deeply. Pangasius exports to China & Hong Kong only reached $183 million, down 39% over the same period last year. The US market also reduced imports of Vietnamese pangasius because of high inventory, reaching $86 million, down 64% compared to the same period in 2022.
Pangasius exports to the EU market reached 60 million USD, down 8% compared to the same period last year. Exports to many markets in the bloc decreased from 13% to 31%, except for Germany, which increased by 78%. Many key markets have reduced imports of Vietnamese pangasius such as the Netherlands by 22%, Belgium by 13%, Spain by 30%.
Beside the EU, Vietnam's pangasius export turnover to some other main markets in the first 4 months of 2023 also experienced a negative double-digit growth compared to the same period last year such as: to Mexico down 45%, to Canada down 51% , to Japan down 15%, to Brazil down 33%, to Thailand down 49%.
Vietnam pangasius exports in the first 4 months of 2023 recorded negative growth in many markets
In addition to the German market, Singapore and the UK are also two bright spots for Vietnamese pangasius exports. Specifically, by the end of April 2023, pangasius exports to the UK reached 22 million USD, up 13%, to Singapore reached 12 million USD, up 20%. Although among the high inflation rate countries, the UK still increased imports of Vietnamese pangasius with a double-digit growth.
Exports of all pangasius products have negative double-digit growth. In which, exports of frozen pangasius fillets/cuts (HS code 0304) reached $471 million in the first 4 months of 2023, down 45%. Export of fresh/frozen/dried pangasius (HS code 03) reached USD 89 million, down 9%, export of processed pangasius (HS code 16) reached USD 9 million, down 23%.
The consequences of prolonged inflation and high inventories are one of the difficulties for the seafood industry, including pangasius. Vietnamese seafood farmers and businesses are facing challenges from a declining market, high raw material costs and other input costs, a sharp drop in profits, a lack of capital to turn over production and business.
In the current context, the pangasius industry really needs the cooperation and support of the Government and state agencies as well as the companion and consensus of farmers and businesses.
Compiled by Thuy Linh
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous 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
