Vietnam pangasius sales to the US to rise in QII/2016

News 16:29 22/06/2016
(seafood.vasep.com.vn) As of Apr 2016, Vietnam pangasius exports to the U.S valued US$115.1 million, up 7.2% compared to the same last year, accounting for 22.7% of total export value.

So far, Vietnamese pangasius products have competed strongly with tilapia products in the U.S. According to ITC, in QI/2016, Vietnam’s pangasius products took up over 19%, while tilapia items accounted for nearly 45% of the total import value of whitefish into the U.S. In addition, pangasius products from Vietnam also had to compete with some other whitefish species such as Cod, Alaska Pollock, or Haddock.

The U.S Department of Agriculture (USDA)'s catfish inspection program, which took from Mar 2016, as well as high anti-dumping duty had some impacts on Vietnam’s pangasius exports to this market in QI/2016. In the late February 2016, the export price from Vietnam ranged from US$2.00- 2.05/kg.

On May, 25th 2016, the Senate voted to reverse a controversial change to the USDA’s catfish inspections in the session of the Senate. In an 55-43 vote, the Senate passed catfish inspection rollback by Senator John McCain, who sponsored the Congressional Review Act (CRA).

The resolution heads to the House. If the House passes the measure, President Barack Obama is not expected to veto it. His administration has called the catfish inspection change wasteful and proposed cutting it from the budget.

However, the market share for Vietnamese pangasius in the U.S is still large thanks to stable demand and high import price. In QII/2016, Vietnam pangasius exports to the U.S expect to increase by 10-15% compared to the same period last year.

Whitefish imports into the U.S, QI/2016 (Thousand US$)

No.

Suppliers

Jan

Feb

Mar

QI/2016

1

China

134,522

122,613

57,054

314,189

2

Vietnam

33,148

37,743

26,926

97,817

3

Iceland

6,422

8,641

6,097

21,160

4

Honduras

6,837

6,555

6,739

20,131

5

Indonesia

6,806

5,559

4,414

16,779

6

Colombia

4,257

3,991

4,463

12,711

7

Russia

4,625

1,219

5,049

10,893

8

Costa Rica

3,111

3,447

3,682

10,240

9

Norway

4,237

1,125

4,207

9,569

10

Canada

3,067

3,023

2,921

9,011

11

Taiwan

3,271

2,482

2,181

7,934

12

Mexico

1,663

2,988

2,669

7,320

13

Ecuador

1,690

1,431

1,369

4,490

14

Thailand

596

581

617

1,794

15

Brazil

578

510

521

1,609

16

Peru

295

147

335

777

17

Myanmar

241

137

317

695

18

Poland

176

225

225

626

19

Malaysia

64

219

261

544

20

Chile

48

264

205

517

Written by Ta Ha

Compiled by Dieu Thuy

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