The average export price of pangasius to this "billion people" market also decreased by 10% over the same period last year, from $2.42/kg in 2022 to $2.19/kg. The two main product lines exported to China are frozen pangasius fillets and cuts (HS code 0304) accounting for 68% of the value with more than 91 million USD, down 32% over the same period last year and fresh pangasius/ frozen/dried whole, cut into pieces (except fish under code 0304) accounted for 32% with nearly 42 million USD, up 7% over the same period in 2022.
As expected, the Chinese market is gradually "brighter", the demand for pangasius is increasing gradually as the economy reopens. After China opened up, although Vietnam's pangasius exports to this market have not improved significantly, there has been a somewhat more positive trend.
In the first three months of this year, there were nearly 100 Vietnamese enterprises exporting pangasius to the Chinese market. In which, Nam Viet Joint Stock Company accounted for over 10% of sales, followed by Cat Tuong Co., Ltd., IDI Company, Dai Thanh Co., Ltd. and Truong Giang Seafood Joint Stock Company.
While much of the world is struggling against rising prices, China is said to be facing the opposite problem of "Deflation". If I had to describe China's current economic situation, it would be "deflation has begun" and "the economy may have entered a recession." Consumers and businesses can stop spending with the expectation that prices will fall further, causing households to tighten their spending. However, with the advantages of white fish, nutritious, reasonable price, pangasius will still be the choice suitable for Chinese consumers in the period of 2023 with many economic difficulties.
China is no longer an easy market as before, not all products are accepted by this market. On the other hand, the exports of "this world's second largest economy" are very similar to those of Vietnam. This is both an advantage and a challenge for Vietnamese goods. Therefore, businesses need to correctly and timely identify, and at the same time, assess the opportunities and challenges in the current Chinese market to be able to exploit and promote advantages in economic and trade cooperation relations. commercial.
Thu Hang
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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
