Pangasius exports increased 17% in the first half of the year

(seafood.vasep.com.vn) In June 2021, Vietnam's pangasius export value reached nearly 142.6 million USD, up 28.1%. By the end of June 2021, the total export value of pangasius reached 780.9 million USD, up 17% over the same period last year. This positive result brings optimism to Vietnamese pangasius exporters.

Pangasius exports increased 17 in the first half of the year

With a positive growth result of 17% compared to the first half of 2020, it shows the efforts of pangasius exporters in the context that the world economy has not recovered and consumption abroad has not changed much.

China - Hong Kong: In the first 6 months of this year, the total value of pangasius exports to this market reached 206.5 million USD, down 0.7% over the same period last year. In particular, in June 2021, the value of pangasius exports to China decreased by 11.3%. It can be seen that, in the first half of this year, exporting pangasius to the Chinese market is more difficult because of strict regulations on inspection of imported frozen seafood at ports. In addition, in the first half of this year, Chinese whitefish exporters also faced difficulties, so the volume of processed whitefish for export in China was still quite large.

The US: At the end of June 2021, the US Department of Commerce (DOC) announced the final results of the 16th anti-dumping tax administrative review (POR16) for frozen pangasius shipments imported from Vietnam. Nam entered the US market from August 1, 2018 to July 31, 2019. Accordingly, two pangasius exporters to this market enjoy the anti-dumping tax rate of 0%. This is good news for many pangasius exporters to the US. In June 2021, the export value of pangasius to the US reached 34.4 million USD, up 68%. By the end of June 2021, the total export value to this market reached 168.7 million USD, an increase of 57.7% compared to the same period in 2020. It is forecasted that in the next quarter, this positive growth will continue to be  maintained.

CPTPP: In the first half of this year, the total value of pangasius exports to CPTPP countries increased slightly by 8.8%, reaching 108.4 million USD. In which, many enterprises have actively redirected their exports to Mexico, Canada and Australia when the EU and ASEAN markets are facing difficulties. By the end of June 2021, the total export value to Mexico reached 37 million USD, up 78.3%; to Canada reached 18.1 million USD, up 17.7% and to Australia reached 15.4 million USD, up 5.2% over the same period last year.


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PANGASIUS MARKET

Ms Ta Ha

Email: taha@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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