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 return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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