Pangasius

(seafood.vasep.com.vn) As of the first half of April 2021, the total export value of Vietnamese pangasius to the Russian market reached US$11.4 million, up 118.7% over the same period last year. After many years of exporting pangasius to this market with decline and interruption, at the beginning of this year, there have been many positive signals.

(seafood.vasep.com.vn) In the first three months of this year, Vientnam pangasius exports to the Russian market grew at a triple-digit rate compared to the same period last year. Exports to many major export markets have also begun to recover, notably in March 2021, the value of pangasius exports to China - Hong Kong market increased by 28% over the same period last year.

(seafood.vasep.com.vn) Despite the impact of COVID-19 epidemic, pangasius export in Dong Thap province has been stable. Up to now, the price of raw pangasius in Dong Thap province is from 21,000 to 21,500 VND/kg, an increase of more than 1,500 VND/kg over the same period in 2020.

(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) Although heavily affected by the COVID-19 pandemic, Vinh Hoan Joint Stock Company (code VHC) - the largest pangasius exporter in Vietnam - still achieved positive business results in 2020. In 2021, with many resources and objective factors, new opportunities are opening up for VHC.

Cambodia's Ministry of Agriculture, Forestry, and Fisheries has decided to lift ban on four species of catfish imports from neighboring countries, including Viet Nam.

(seafood.vasep.com.vn) According to the report of the Directorate of Fisheries, in 2020, the total farming area of pangasius in the Mekong Delta is estimated at 5,700 hectares and the total harvested output reached 1.56 million tons, up 6.9% compared to last year. Dong Thap, An Giang, Can Tho, Ben Tre and Vinh Long are the 5 key provinces with the largest pangasius area and production in the country.

(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.

(seafood.vasep.com.vn) The export value of pangasius has started to go up. In October, exports to China - Hong Kong, the Netherlands, and the UK grew well.

(seafood.vasep.com.vn) As of the first half of August 2020, the total export value of pangasius to the EU reached US$85.55 million, down 34.1% over the same period in 2019. In which, the export value to three single markets: the Netherlands shrunk by 27.5%; Germany down 36.7% and Spain went down by 13.4%. Although the EU has been still the third-largest pangasius export market of Vietnamese seafood enterprises (after China and the US) so far, there has been no sign of recovery in pangasius exports to this market.

Batches of tra fish products manufactured under a high-tech production process have been shipped to the EU, South America, ASEAN, China, and the Middle East by a company based in the Mekong Delta province of An Giang.


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