China and Hong Kong continue to be the largest consumers of Vietnamese pangasius, contributing 28% to the total value of Vietnam's exports to all markets. In June 2024, the export value of Vietnamese pangasius to China and Hong Kong reached the highest level since the beginning of the year, at nearly $56 million, up 16% compared to June 2023.
Consumers in this market tend to prefer frozen pangasius fillet products from Vietnam, with over $36 million consumed in June 2024, up 8% compared to the same period in 2023. In Q2/2024, exports of frozen pangasius fillet (HS 0304) to China and Hong Kong reached $92 million, up 1% compared to the same period in 2023. In the first half of this year, exports of frozen pangasius fillets to China and Hong Kong reached over $158 million, down 17% compared to the same period, accounting for 61% of the total pangasius exports to this market.
In addition, exports of other pangasius products to China and Hong Kong also underwent significant growth. Exports of dried pangasius and other frozen pangasius products (whole, cut piece, bladders, etc.) reached nearly $100 million, an increase of 11% compared to the same period last year.
The average export price of Vietnamese pangasius to China in the first half of this year decreased by 7% - 18% compared to the same period in 2023. Despite the decrease in export prices, the export volume of pangasius products to China in the first half of this year still saw a stable growth of 34%, mainly due to the growth in Q2/2024.
China’s slowing economy is making consumers more cautious and conservative in their spending, forcing the importers in this country to focus more on cheaper products. With prices lower than domestic fish species such as carp, tilapia, and snakehead, pangasius is preferred and has a more stable foothold in this nation.
The top 5 enterprises exporting the most pangasius to China include Truong Giang, Dai Thanh, Nam Viet, Hung Ca 6, and I.D.I Corp.
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
(seafood.vasep.com.vn) The "Cooking Show - Tasting delicious seafood" area at Vietfish 2024 organized by VASEP has always been a favorite highlight for visitors, especially domestic consumers. This area is not only a place to showcase a variety of flavors and high-quality Vietnamese products that are renowned in the global market but also a venue where consumers can experience captivating and visually appealing culinary performances by professional chefs.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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