The U.S.: In QIV/2016, Vietnam pangasius exports to the U.S. reached US$100.6 million, up 21% compared to the same period 2015. In 2016, pangasius exports to the U.S. reached US$387.4 million, up 22.8% compared to 2015. This was the largest importing market of Vietnam pangasius, accounting for 22.6% of the total export values.
In 2016, the U.S. imported catfish from 13 major suppliers in which Vietnam, China and Guyana were 3 largest suppliers.
Besides importing pangasius, the U.S. imported some white fish in which tilapia products from China is a strong competitor of Vietnam pangasius. Besides, antidumping duty and catfish inspection program continued to affect Vietnam’s pangasius exports to the U.S. in 2017.
China - Hong Kong: After the high growth in the first 3 quarters of 2016, as of September 2016, China overtook the EU to become the 2nd largest importer of Vietnam pangasius. In 2016, sales to the market reached US$304.7 million, up 88.7% compared to 2015.
Currently, China - Hong Kong is in the process of becoming the largest market of Vietnam pangasius.
The EU: In QIV/2016, the value of pangasius exports to the EU reached US$63.8 million, down 3.2% compared to the same period 2015. In 2016, the sales to this market reached US$260.9 million, down 8.5% compared to 2015. In particular, the export value to 4 largest single markets decreased: the Netherlands (-7.5%); the UK (-4.2%); Spain (-6.2%) and Germany (-4.9%) compared with 2015.
Pangasius exports to the EU face unhealthy competition in communication from competitors.
Other markets: Pangasius exports to some other major markets reported the reduction such as ASEAN downed 0.2%; Mexico fell 12%; Brazil fell 12.5%, Colombia downed 5.4%; Saudi Arabia also fell 16.6%.
Written by Ta Ha
Compiled by Kim Thu
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
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(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.
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