Vietnam accounts for 18% of total US whitefish imports

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, as of September 15, 2023, Vietnam pangasius exports to the US reached more than 195 million USD, down 55% over the same period last year, accounting for 16%. Vietnam's total pangasius exports to markets.

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In August 2023 alone, Vietnam pangasius exports to the US reached more than 25 million USD, down 24% over the same period in 2022, up 38% over the previous month.
The decline compared to the same period last year has gradually narrowed since May 2023, the declines in May, June, July, and August were 53%, 51%, 43%, and 24% respectively.

Vietnam accounts for 18 of total US whitefish imports

The US is an important market and consumes a lot of Vietnam pangasius. However, in the first half of 2022, pangasius imports from Vietnam to the US increased sharply, causing inventories in the US to increase. Therefore, in the first months of 2023, Vietnam pangasius exports to the US continuously witnessed negative growth.
The average price of pangasius exports to the US in August reached 2.92 USD/kg, down 44% compared to the same period last year. This is also the deepest decrease since the beginning of this year. This price decreased by 5% compared to the previous month.
According to data from the World Trade Center (ITC), in the first 7 months of 2023, the US imported more than 1 billion USD of white meat fish from the world and imported more than 199 million USD from Vietnam. Vietnam accounts for 18% of the total import value of white fish products from the US. China is the largest supplier to the US, accounting for 45% of the market share.
Vietnam pangasius still has a lot of room in the US market. At the 2023 international pangasius industry conference organized by VASEP within the framework of VIETFISH 2023 Exhibition, Mr. Arno Willemink - Operations Director of De Heus Vietnam said that pangasius at reasonable prices is gradually replacing meat fish. naturally mined white. This is a general trend that affects the consumption potential of the pangasius industry in the coming time.
Positive results after the US FSIS inspection and preliminary results of the 19th anti-dumping tax administrative review (POR19) on Vietnam frozen pangasius fillets entering the US market from January 1 August 2021 to July 31, 2022, has helped create positive psychology for export businesses. In addition, the fact that President Joe Biden paid a state visit to Vietnam in September and upgraded relations with Vietnam to the highest level of "Comprehensive Strategic Partnership" will open up more opportunities. Association for Vietnam seafood, including pangasius, in this important consumer market.

Thu Hằng
Email: thuhang@vasep.com.vn
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