The US and Chinese markets are very potential destination for Vietnamese  pangasius businesses
09:53 01/27/2023

(seafood.vasep.com.vn) Australians are increasingly using Vietnamese shrimp, from restaurants to large Australian supermarkets or Asian stores, Vietnamese shrimp are abundantly present.

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

(seafood.vasep.com.vn) Vietnam's shrimp exports in November 2022 decreased by 18%, the strongest decrease since the beginning of the year. November is also the month that recorded the lowest export sales since March. However, accumulated in 11 months of 2022, shrimp export revenue still reached more than 4 billion USD, an increase of 14% over the same period in 2021 and became the highest level over the years.

(seafood.vasep.com.vn) After a decline in 2021, Vietnam's tuna exports to Spain in the first 10 months of 2022 have not yet recovered. According to statistics of Vietnam Customs, the value of Vietnam's tuna exports to this market during this period is not stable. Accumulated in the first 10 months of 2022 tuna export turnover to Spain reached nearly 19 million USD, up 4% over the same period in 2021, but still lower than before the pandemic.

(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 shrimp export enterprises.

(seafood.vasep.com.vn) According to data from Vietnam Customs, as of November 15, 2022, Vietnam's shrimp exports to South Korea reached nearly $422 million, up 33% 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) After recovering in September 2022, increasing 40 times over the same period, Vietnam's tuna exports to Italy in October continued to drop. According to statistics of Vietnam Customs, the export value of tuna to this market in October decreased by 88% compared to the same period in 2021, reaching 225 thousand USD. In the first 10 months of 2022, Vietnam's tuna exports to Italy reached $7.6 million, down 72%.

(seafood.vasep.com.vn) Ba Ria - Vung Tau province strives by 2025, the total aquaculture production will reach 20,000 tons/year. The province also aims to promote applications of high-tech aquaculture, cage aquaculture on the sea, coast and islands.

(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) According to the consolidated financial statements of the third quarter of 2022, Camimex Group recorded net revenue of VND 823 billion, an increase of 56% compared to the same period in 2021. However, the rate of increase in cost of goods sold was also stronger than the same period of VND 714 billion, making the company's gross profit only reached 100 billion dong; gross profit margin reached 12%.

(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) In October 2022, Vietnam's shrimp exports to China increased by 50% to 65 million USD. This increase helps China surpass the US and continue to be the largest shrimp import market of Vietnam in October. Accumulating 10 months, shrimp exports to China reached 547 million USD, up 60% over the same period. In October, Vietnam's shrimp exports to China recorded the highest growth rate in the top 5 main shrimp import markets of Vietnam.