In August 2022, Vietnam pangasius exports reached 195 million USD, a slight increase compared to July and up 123% compared to the same period in 2021. This growth rate does not reflect the positive trend because August 2021 was the peak of the covid 19 pandemic, export activities were almost shut down.
In August, Vietnam's pangasius exports to many markets showed positive signs. In which, exports to China were 37% higher than the previous month, reaching nearly 61 million USD, nearly double the sales to the US market.
Brazil, Thailand, Colombia, Japan, and Malaysia markets all tend to increase pangasius imports in August.
However, pangasius exports to some markets slowed down in August compaired to July. For example, Mexico decreased by 28%, the UK by 17%, Canada by 35%, Australia by 13%, the EU by 10%.
Although pangasius exports to the US have recovered slightly, up 4% compared to the previous month, the sales are still quite modest at 33 million USD. Pangasius exports to this market are expected to be more positive in September and October when inventories decrease and import demand increase to serve for the year-end and New Year holidays. Moreover, the inflation in the US is forecast to remain high in the last months of the year, which will drive the country's food and seafood consumption towards affordable products such as pangasius.
The US Department of Commerce (DOC) has issued the Final Conclusion of the 18th Anti-Dumping Tax Administration Review (POR18) for the period from August 1, 2020 to July 31, 2021 for Vietnamese pangasius. Accordingly, DOC has kept the anti-dumping tax rate applied to each company based on the results of the most recent surveys. Therefore, this decision does not affect the trend of pangasius exports to the US this year.
The average export price of frozen pangasius in August 2022 reached US$2.81/kg, the lowest level in the past 6 months. In particular, the price of pangasius exported to the US still reached the highest level of 5 USD/kg, which is the highest level since the beginning of the year. The average price of frozen pangasius exported to China reached $2.39/kg in August. The export price to the Philippines was the lowest in the markets, reaching 1.57 USD/kg.
In general, the average price of pangasius exports in the first 8 months of this year increased sharply compared to the same period in 2021. In which, the average price of frozen pangasius exports to the US reached $4.64/kg, to China reached 2.47 USD, to Mexico 2.75 USD, to Thailand reached 2.15 USD and to Brazil reached 3.20 USD/kg.
Compiled by Thuy Linh
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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