The Netherlands remains the largest consumer market for Vietnamese pangasius in the EU, with an export value of more than 2 million USD, up 74% over the same period. As of August 15, 2024, pangasius exports to this market reached nearly 30 million USD, down 1% over the same period last year, mainly due to declines in February and May 2024. The first half of August 2024 recorded a double-digit increase, and it is forecasted that in August 2024, the export value of pangasius to this market will grow again.
In addition to the Netherlands, Germany also reduced imports of Vietnamese pangasius in July 2024. The decline in January, February, March, and July 2024 caused the cumulative pangasius exports to Germany in the first 7 months of this year to decrease slightly by 1%. However, in the first half of August 2024, pangasius exports to Europe's largest economy reached nearly 2 million USD, an increase of 183% over the same period in 2023. As of August 15, 2024, Vietnam exported a total of nearly 22 million USD of pangasius to Germany, an increase of 4%.
After Belgium, Spain ranks 3rd in the EU in terms of consuming the most Vietnamese pangasius. In the first half of August 2024, pangasius exports to this market reached nearly 1 million USD, up 15% over the same period. Cumulative exports to Spain as of August 15, 2024, reached more than 11 million USD, up 14% over the same period last year. Pangasius exports to Spain have been unstable since the beginning of this year. In July 2024, pangasius exports to this market reached the lowest level since the beginning of 2024, with more than 917 thousand USD, down 48% compared to July 2023.
As of August 15, 2024, Belgium was the 4th largest consumer of Vietnamese pangasius in the EU, with an export value of more than 11 million USD, up 10% over the same period last year. After reducing imports in February and March 2024, pangasius exports to Belgium are assessed to be stable in the following months, with continuous double-digit positive growth.
In terms of product structure, pangasius exports to the EU in the first 7 months of this year decreased by 21% compared to the same period and reached only nearly 2 million USD. In the first 7 months of this year, only March, May, and June recorded positive growth. The remaining months all witnessed a decrease of 38%-94%; Exports of dried fish and other frozen products in the first 7 months of this year to the EU also decreased by 5%, reaching nearly 4 million USD. The main pangasius product exported by Vietnam to this market is still frozen fillets, with the export value in the first 7 months of this year reaching more than 93 million USD, down 2% compared to the same period last year.
Despite the ups and downs in the first half of the year, Vietnam’s pangasius exports to the EU still have reason to be optimistic in the second half of the year as the year-end holidays approach, the European economy ensures growth, and unemployment is at a record low. Market prices and consumption are also gradually stabilizing, and pangasius exports to the EU are still expected to increase again after the summer holidays in Europe.
(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.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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