The above breakthrough growth is not an optimistic signal because in September 2021, due to the impact of the Covid pandemic, pangasius exports dropped to the lowest level. Moreover, every September should be the peak season with many orders for year-end and New Year holidays, but this year, pangasius turnover in September is 15% lower than August. China, Mexico, Brazil, UK, Canada, the Netherlands, Colombia all have pangasius imports 17-36% lower than in August.
However, there are still some markets with higher export turnover than in August. These are Australia, up 11%, Singapore up 22%, Saudi Arabia 32%, France 86% .
Accumulating the first 9 months of 2022, the country's pangasius exports reached nearly 2 billion USD, up 83% over the same period last year. In which, frozen pangasius fillets/cuts with HS code 0304 reached over 1.7 billion USD, accounting for 87%. Fresh pangasius HS code 03 accounted for 12%, reaching 235 million USD, the rest were processed products accounted for 2% with 138 million USD.
China & HongKong accounted for 30% of pangasius export turnover in the first 3 quarters of the year with US$ 589 million, up 111% over the same period. The proportion of the US tends to decrease gradually, accounting for 23% with 454 million USD. According to statistics from the US Department of Commerce, in the first 8 months of 2022, the US imported over 96 thousand tons of frozen pangasius fillets (HS code 030462), worth over US$405 million, up 26% in volume and 95% in value. The average import price of frozen pangasius fillets to the US in the first 8 months of 2022 reached $4.21/kg, up 54% over the same period last year.
Although exports to the EU still more than doubled over the same period, this market only accounts for 8% of total pangasius exports with nearly 160 million USD. In which, the top 3 markets in this block include the Netherlands, accounting for 2.2% with over 44 million USD, followed by Germany with over 21 million USD and Belgium with nearly 16 million USD.
The CPTPP bloc accounted for 13% of pangasius exports in the first 9 months of 2022 with nearly $260 million, an increase of 80% over the same period last year. The prominent markets in the bloc are Mexico, accounting for 4.3% with nearly 85 million USD, Canada accounting for 2.4%, reaching more than 47 million USD, Australia accounting for 1.6% reaching 30.5 million USD, followed by Singapore with over 28 million USD, accounting for 1.4%.
Pangasius exports are expected to increase in October, often called “the peak season” as importers often increase imports to serve for the end-year holidays. Currently, the supply of raw pangasius in many localities is decreasing, and the price of raw fish is increasing. Hopefully, demand will recover and the price of pangasius will stabilize or increase again, so that pangasius in 2022 can reach the record value of $2.5 billion, up 54% compared to 2021.
Compiled by Thuy Linh
(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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