By the end of February 2023, pangasius exports to Germany reached more than US$6.2 million, an increase of 81% over the same period in 2022 and accounted for 2.6% of the total export value of Vietnamese pangasius to markets. The proportion of the German market in the first two months of this year was much higher than that of the same period last year (only 0.9%).
In 2022, Germany is also in the top 2 importing markets of Vietnamese pangasius in the EU after the Netherlands, accounting for 1.2% with nearly 30 million USD, up 37% compared to 2021.
In the first two months of 2023, pangasius under code 0304 (except for fish cakes and surimi products) accounted for 98.3% of total pangasius exports to Germany, while live/fresh/frozen/dried pangasius (under code 03) (except fish under code 0304) accounted for only 1.7%. In these two months, Vietnam has no processed pangasius products to export to Germany, possibly due to the inflation factor that makes consumers tend to pay more attention to frozen products to save costs.
The biggest challenges for the German economy in general and the pangasius market in particular are still the war in Ukraine, the accompanying economic consequences, the weak global economic health, energy and consumer prices. usage as well as the security of energy supplies.
Although the inflation rate has dropped markedly to 8.6%, after 3 consecutive months remaining above 10%, Germany is still among the top countries with the highest inflation rate among major economies. Inflation also changes the seafood consumption trend of the country with Europe's largest economy. Instead of consuming more fresh/chilled seafood, Germans are increasing their consumption of frozen seafood.
As food and energy prices are no longer as high as last year, the overall German inflation rate is expected to fall significantly from March 2023. This can be considered as one of the optimistic signals for Vietnam's pangasius exports to Germany.
Forecast on Vietnam pangasius industry in 2023 - 2025
Thu Hằng
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(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.
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