According to the report by Dong Thap Department of Agriculture and Rural Development - the province with the largest pangasius farming and harvesting output in the country, in mid-April 2022, the price of raw pangasius is from 31,000 to 32,500 VND/kg (an increase of 1,000 VND/kg compared to the previous week), the average cost to produce 1kg of raw fish is about 24,500 VND/kg. At this price, farmers have high profits. Pangasius prices increased, world demand for pangasius was positive, abundant orders pulled the average export price of frozen pangasius fillets to 3.4 USD/kg, up 0.25 USD/kg compared to the previous year.
It can be said that the outlook for Vietnam's pangasius exports in the first quarter of this year and the following quarters is optimistic.
In the first quarter of this year, facing difficulties due to China's zero Covid policy, many pangasius shipments were risky to be returned if infected with the coronavirus. These days the export value of pangasius to China - Hong Kong has increased again. The forecast is even more optimistic for the next quarter onwards. By the end of March 2022, the total export value of pangasius to this market reached 183.4 million USD, up more than 163% over the same period last year. In March alone, the export value of pangasius to China - Hong Kong reached 97.5 million USD, up 119%.
Pangasius exports to the US market also grew well. After the anti-dumping tax POR17 was eventually announced, pangasius enterprises that are not subject to tax are promoting exports to this market. By the end of March 2022, the total value of pangasius exports to the US reached more than 160 million USD, up 123%. Currently, record inflation is taking place in the US due to broken supply chains and the impact of the Ukraine crisis, skyrocketing prices, and demand for essential necessities, including food and seafood. The near future is a good opportunity for enterprises to export frozen pangasius to this market.
Not only in the US, but the food crisis is also taking place in Europe, where prices have skyrocketed due to congested supply chains, soaring demand, and the severely affected global energy market which is the result of the Russia-Ukraine conflict. For the first time after many years of decline, pangasius exports to the EU increased by 86.2% compared to the first quarter of 2021 with an export value of USD 46.7 million. Pangasius export value to major markets in the bloc such as the Netherlands increased by 86%; Germany increased by 97%; Belgium increased by 120%; Spain increased 67%.
It is forecasted that in the second quarter of 2022, pangasius exports to major markets will retain a fair positive growth. Consumption demand increases and is stable due to competitive pangasius prices and can fill the gap in some segments of white fish products (cod, pollock), which are in short supply from Russia.
Due to the good and promising export market, the stock prices of some Vietnamese pangasius exporters have been green in recent years. While many sectors constituting the VN-Index are suffering from fluctuating stock prices, stock prices of the seafood group are still attractive. In which, a number of stock codes in the seafood industry still rebounded and were attractive such as VHC, ANV, ABT, IDI, ACL...
Compiled by Minh Trang
Image source: Vietnamnews
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(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
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(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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