Seafood falls out of "ten-billion-dollar export group"

Seafood falls out of "ten-billion-dollar export group"

VCN - After achieving an impressive increase and reaching the tens of billions dollar for the first time last year, seafood exports in 2023 have not been able to repeat this record.
Pangasius exports to the EU drops by 19%

Pangasius exports to the EU drops by 19%

VCN - According to data from Vietnam Customs, as of October 15, 2023, the EU market imported more than US$134 million of pangasius from Vietnam, down 19% year-on-year.
China and Hong Kong - the largest demanding importers for Vietnamese pangasius

China and Hong Kong - the largest demanding importers for Vietnamese pangasius

VCN - China and Hong Kong have maintained the top import markets of Vietnamese pangasius from 2019 until now and are the largest consuming markets of Vietnamese pangasius.
Pangasius businesses seek to export to niche markets

Pangasius businesses seek to export to niche markets

VCN - According to analysis of the Vietnam Association of Seafood Exporters and Producers (VASEP), pangasius export turnover in August 2023 reached 170 million USD, down 13% compared to the same period in 2022.
Huge space for Vietnamese pangasius businesses to enter the densely populated market segment

Huge space for Vietnamese pangasius businesses to enter the densely populated market segment

VCN - On August 24, at the International Forum on Pangasius Export organized by the Vietnam Association of Seafood Exporters and Producers (VASEP) in Ho Chi Minh City, speakers said that the international market still has great room for Vietnamese pangasi
Turn pangasius by-products into million USD export products

Turn pangasius by-products into million USD export products

Pangasius skin is only sold for VND 3,000 per kg, now when processed into Collagen and Gelatine, the value has increased very high, about VND 3 million/ kg
Vietnamese pangasius is popular in many markets

Vietnamese pangasius is popular in many markets

VCN - The Chinese market and some countries are attracted by Vietnamese pangasius products because of their good prices. Pangasius exports in March and April 2023 are expected to increase gradually compared to the first months of the year.
Positive signals of Pangasius exports to high inflation markets

Positive signals of Pangasius exports to high inflation markets

Inflation is the main reason leading to the sharp fall of Vietnam's pangasius exports to major markets. However, pangasius has witnessed good signals even in markets suffering from high inflation.
Positive signal of fish exports to the Middle East in 2023

Positive signal of fish exports to the Middle East in 2023

Middle Eastern countries are still optimistic destinations for pangasius exporters in 2023 because demand is forecasted to be more stable than in other markets.
Pangasius exports can achieve record this year

Pangasius exports can achieve record this year

As exports increase, pangasius turnover in 2022 could reach a record of US$2.5 billion to US$2.6 billion, 56% higher than in 2021.
Exporting enterprises cope with high inflation

Exporting enterprises cope with high inflation

VCN - Inflation in many countries, especially the US and Europe, increased sharply, leading to limited consumption of high-priced food items. Vietnamese seafood exporters have quickly responded to bring moderate-priced items to these markets.
Seafood exports up 46%

Seafood exports up 46%

VCN - Seafood export turnover in the first six months of the year was estimated at US$6 billion, up 46% over the same period in 2021 and reaching 67% of the year’s target.
Six more pangasius processing factories eligible to export to US

Six more pangasius processing factories eligible to export to US

The Food Safety and Inspection Services (FSIS) under the United States Department of Agriculture has recognised six more Vietnamese pangasius processing factories that are eligible to export products to the US, raising the number of establishments to 19, according to the Ministry of Agriculture and Rural Development’s National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).
Pangasius export prices are high, but businesses are worried about the lack of raw materials

Pangasius export prices are high, but businesses are worried about the lack of raw materials

VCN - Pangasius export prices have increased and orders are high, but businesses are worried about a lack of raw materials for export processing in the coming months.
Pangasius exports to US enjoy record prices

Pangasius exports to US enjoy record prices

The average price of Vietnam’s tra fish (pangasius) exported to the US increased sharply in the first quarter of this year to the highest ever level of 4.5 USD per kilogramme, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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