Pangasius

Pangasius businesses are busy to meet orders right from the beginning of 2023
08:26 02/03/2023

A pangasius festival organized by the People's Committee of Dong Thap Province in Hong Ngu Town last week attracted thousands of participants.

(seafood. vasep.com.vn)The export result of $2.3 billion by the end of November represents a successful year for Vietnamese pangasius enterprises. And the pangasius industry can be optimistic with a record of over $2.4 billion in 2022.

(seafood.vasep.com.vn) Vinh Hoan's 25-year journey has experienced many memorable milestones with impressive growth.

(seafood. vasep.com.vn) According to statistics of the US Department of Agriculture (USDA), in the first 10 months of 2022, imports of frozen pangasius fillets into the US market reached nearly 110 thousand tons, worth 474 million USD, up 24% in volume and 88% in value over the same period in 2021.

(seafood.vasep.com.vn) On December 10, 2022 at the celebration of seafood export reaching 10 billion USD in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) announced the list of 30 excellent enterprises in 2022, in which there are 10 pangasius export enterprises.

(seafood.vasep.com.vn) By the end of November 2022, pangasius exports to China & Hong Kong market reached a value of US$ 675 million, up 79% over the same period in 2021. After continuously growing high in the first 10 months of the year, pangasius exports to China suddenly plummeted in November with a decrease of 46%, reaching just over $37 million.

(seafood.vasep.com.vn) By the end of November 2022, with sales of nearly 290 million USD, the Middle East market has become a market with impressive growth, up 44% and accounting for nearly 3% of total Vietnam seafood exports.

(seafood.vasep.com.vn) In 2022, Vietnam pangasius was the most prosperous export sector thanks to the largest increase in average export prices and more market opportunities compared to other commodities. By the end of October, pangasius exports nationwide had reached more than 2.1 billion USD. Compared to the same period last year, pangasius exports increased by 77% - the highest growth rate in recent years and also the highest rate compared to other industries.

(seafood.vasep.com.vn) Although still up 31% over the same period, the export turnover of 179 million USD in October recorded the lowest level since the beginning of 2022. The export growth rate over the same period last year was also the lowest. By the end of October, Vietnam pangasius exports reached 2.1 billion USD, up 75% compared to the same in 2021.

(seafood.vasep.com.vn) According to customs statistics, Vietnam's pangasius exports as of October 15, 2022 reached more than 2 million USD, up 81% over the same period last year. It is estimated that by the end of October, pangasius exports will bring in over $2.1 billion. In particular, in October 2022 alone, pangasius exports were estimated at US$159 million, up 16%.

(seafood.vasep.com.vn) According to Customs statistics, by mid-October 2022, the country's pangasius exports reached 2.06 billion USD, an increase of 60% over the same period in 2022. By the end of October 2022, pangasius exports is forecast to earn nearly 2.2 billion USD in foreign currency, an increase of 80% compared to the same period in 2021. Of which, the Chinese market alone accounted for 30% with about 654 million USD, up 110%.

(seafood.vasep.com.vn) The nearly 2 billion USD of pangasius exports in the first 9 months of 2022 went beyond the expectations of Vietnam’s seafood industry. However, looking at the export performance in September, we can see that inflation has strongly hit all food and seafood industries, not excluding pangasius.

(seafood.vasep.com) Customs statistics show that Vietnam's pangasius exports in September 2022 reached 164 million USD, double that of the same period last year. In particular, exports to many markets such as China, Brazil, Thailand, England, the Netherlands, Australia, Singapore, etc increased by 2-3 times compared to the same period last year. Most impressive was exports to Germany in September 2022, increased 41 times over the same period and to Peru increased 17 times.

(seafood.vasep.com.vn) ASEAN is one of the market blocs accounting for a significant proportion of Vietnam's total pangasius exports, and is tending to increase. By the end of September 2022, Vietnam's pangasius exports to ASEAN countries are estimated at more than 152 million USD, accounting for nearly 8% of total pangasius exports.

(seafood.vasep.com.vn) Brazil is among the top 4 largest import markets of Vietnamese pangasius in the first 8 months of 2022. With over $64 million in imports, Brazil accounts for 3.6% of the total pangasius exports, behind China, the US and Mexico.


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