China - Hong Kong: In July 2018, the growth rate of pangasius exports to China - Hong Kong decreased compared to the previous months. Thus, in June and July 2018, the export value of pangasius to China - Hong Kong market reached US$48.4 million and US$38.4 million respectively, lower than that to the U.S market. As of July 2018, the total export value of pangasius to China - Hong Kong touched US$289.8 million, up 40.6% year on year and accounted for 24.2% of total pangasius export value.
The U.S – The EU: As of July 2018, Vietnam’s pangasius exports to the U.S and the EU rebounded with the value of US$255.3 million and US$139.1 million, up 15.6% and 16.5% respectively year on year.
For the U.S market, in July, the export value to this market reached the highest level (higher than that to the Chinese market - Hong Kong) of nearly US$58.5 million, accounting for 30% of the total pangasius exports. Vietnamese catfish exporters also took advantage of gaining the market share for tilapia in the U.S market.
In the first seven months of this year, the total value of pangasius exports to the EU reached US$139.1 million, up 16.5% from a year before. This was a good signal after 3 consecutive years of exporting pangasius to this market. Particularly, pangasius exports to the Netherlands and Italy increased sharply by 43% and 83.1%, respectively, to hit US$38.1 million and US$14 million, respectively.
ASEAN: Vietnam’s pangasius exports to three single markets in ASEAN in the first seven months of this year grew well. The export value to Thailand reached US$40.2 million, that to Singapore was US$26.8 million and that to the Philippines US$23 million with the rises of 41.2%; 26.9% and 37.7%, respectively. So far, ASEAN ranked the the fourth largest buyer of Vietnamese pangasius with total export value of US$110.6 million, up 38.5% over the same period in 2017.
Mexico - Brazil - Colombia: In July 2018, Vietnam’s pangaius exports to these 3 markets showed signs of slowing down when the export value decreased from 16-52% over the same period last year. By the end of July 2018, the export value of pangasius to Mexico reached US$52.4 million, down 5.3%; those to Brazil totaled US$43.3 million, down 31.2% and those to Colombia gained US$32.7 million to, down 2.8%. Although the export value decreased compared to the same period last year, these single markets remained as the large markets of Vietnamese pangaisus.
UAE: Vietnam’s pangasius exports to the UAE in the first seven months of 2018 increased sharply by 138%, worth by US$32.7 million. Vietnamese companies boosted their exports to Saudi Arabia. By the end of the year, Vietnam’s pangasius export value to this market forecasted to continue the 3 digit growth.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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