Pangasius exports

(seafood.vasep.com.vn) According to data from Vietnam Customs, in February 2024, pangasius export turnover reached more than 90 million USD, down 42% compared to the same period last year.

(seafood.vasep.com.vn) The average price of Vietnamese pangasius exports to the Chinese market decreased by 10% over the same period last year, from $2.42/kg in 2022 to $2.19/kg. The two main product lines exported to China are frozen pangasius fillets and cuts (HS code 0304) accounting for 68% of the value with more than 91 million USD, down 32% over the same period last year and fresh pangasius/ frozen/dried whole, cut into pieces (except fish under code 0304) accounted for 32% with nearly 42 million USD, up 7% over the same period in 2022.

(seafood.vasep.com.vn) According to statistics of Vietnam Customs, in the first quarter of 2023, Vietnam's pangasius exports to China and Hong Kong markets decreased by 22% to nearly 143 million USD. In which, pangasius exports to China reached 133 million USD, down 23% over the same period last year. Despite the decline, China still ranks first in the top markets for importing Vietnamese pangasius.

(seafood.vasep.com.vn) The pangasius industry of the southern province of Dong Thap has now expanded its export markets to 134 countries, including high-end markets such as Europe and the US.

(seafood.vasep.com.vn) At the Annual shareholders meeting of 2021, CL-FISH CORP said, the company had planned to reach net revenue of 1,400 billion VND and profit before tax of 80 billion VND. However, it only achieved 86.6% and 59.7% respectively of the target. The company had also set a target of exporting 17,000 tons of finished pangasius with a total value of 40 million USD, but the actual result in 2021 only achieved 61% and 62.5% of the plan.

(seafood.vasep.com.vn) With the impressive business results in the first quarter, "The Queen of Pangasius" Vinh Hoan Corp traded at the highest price since its listing (December 24, 2007), at around 100,000 VND/share.

(seafood. vasep.com.vn) In 2021, Russia is one of the potential markets, shining in the picture of Vietnam's pangasius exports with a value of 32.5 million USD, up 72.5% compared to in the same period last year. However, starting in 2022, pangasius exports to this market are experiencing problems and contain many uncertainties.

(seafood.vasep.com.vn) On the afternoon of February 11, 2022, Mr. Le Quoc Phong - Member of the Party Central Committee, Secretary of the Dong Thap Provincial Party Committee; Mr. Huynh Minh Tuan - Vice Chairman of Dong Thap Provincial People's Committee and leaders of the Department of Agriculture and Rural Development... visited and shared the production and business situation of Hung Ca Co., Ltd.

(seafood.vasep.com.vn) After a long period of precarious output, prices dropped, recently the price of commercial pangasius has increased. Both enterprises and farmers raising this type of fish in Tien Giang province are excited by the good profit and speed up production.

(seafood.vasep.com.vn) The 11-month report of Vinh Hoan Seafood Corp shows that export growth is very good, mainly thanks to the US market. Vinh Hoan's 11-month report shows that, in November 2021, the parent company's export revenue (excluding Sa Giang) reached VND 912 billion, an increase of 38% over the same period last year and an increase of 17% compared to October 2021. This is also the month with the highest export revenue of Vinh Hoan since the beginning of the year.

(seafood.vasep.com.vn) Vinh Hoan Corp has just published a report for September 2021 with a revenue of VND 658 billion, bringing the total export revenue of the third quarter of 2021 to VND 2,128 billion, up 17% over the same period in 2020.

(seafood.vasep.com.vn) The demand recovery in two major markets of the US and EU and sharp increases in exports to potential markets has brought seafood export turnover of over US$4.1 billion for the country in the first half of this year. In which, exports in June 2021 continued to increase by 20% over the same period last year, reaching 865 million USD. With the current growth momentum, Vietnam seafood exports in 2021 can reach the target of 9 billion USD.

By the end of May 2021, the total export value of Vietnamese pangasius reached 637.8 million USD, up 14.7% over the same period last year. In particular, in May 2021 alone, the export value of pangasius reached 148.4 million USD, up 39.3%. With more and more positive export results, pangasius processing and exporting enterprises in the Mekong Delta are trying their best to both ensure safety and prevent the COVID-19 epidemic, stabilize production and promote exports.

(seafood.vasep.com.vn) The gradual recovery from two major export markets, the US and China - Hong Kong, is expected to pull the export value of Vietnamese pangasius in the coming months out of negative growth.

(vasep.com.vn) As of the first half of February 2021, the total value of pangasius exports to China - Hong Kong reached USD 13.55 million (accounting for 8.5% of the total pangasius export value), down by 38.6% compared to that of in the same period last year. In particular, the export value of pangasius to Hong Kong also decreased by 40.5%. Lower exports is reported due to Covid-19 tight controlling in China.

(seafood.vasep.com.vn) As of the first half of February 2021, the total value of Vietnam pangasius exports to the UK market reached 3.89 million USD, up by 15.6% over the same period in 2020. It is forecasted that in the next months pangasius exports to this market will continue to have positive double-digit growths compared to the same period last year.

(seafood.vasep.com.vn) After a series of consecutive declines due to epidemics, Vietnam's pangasius export has recently recovered. However, the road ahead of pangasius still has many challenges to solve. Mr. Truong Dinh Hoe - General Secretary of Vietnam Association of Seafood Exporters and Producers (VASEP) discussed with reporters of the Vietnam Economic News around this issue.

(seafood.vasep.com.vn) Statistics from the customs show that in January 2021, pangasius exports reached nearly 123.6 million USD, up by 21.7% compared to January 2020. Notably, frozen pangasius fillet products reached 115.8 million USD, increasing by 53.5% over the same period last year, staying at the top of 40 seafood export products of Vietnam in January. This is a sign of prosperity at the beginning of 2021 for pangasius after a "declining" year of 2020: only reaching 1.49 billion USD, down by 25.5% compared to 2019.

(seafood.vasep.com.vn) By the end of 2020, the export pangasius industry only brought in a turnover of about US$1.54 billion, a sharp decrease of 23% compared to 2019. From the beginning of 2020, pangasius exports has continuously declined due to the impact of Covid 19 and declining demand.