Pangasius packaging for export. (Photo Credit: VASEP)

Pangasius exports remain stable

Click on the flag for more information about Viet Nam VIET NAM
Friday, October 31, 2014, 01:00 (GMT + 9)

Vietnamese pangasius exports generated USD 1,276 billion in the first nine months of 2014, representing an increase of 0.2 per cent year on year. Pangasius products were the second most exported seafood after shrimp, accounting for 22 per cent of the total seafood export value of the country, according to the Viet Nam Association of Seafood Entrepreneurs (VASEP).

VASEP informed that there was a decrease in the demand of the country’s pangasius exports from the two major markets – the European Union (EU) and the United States (US), which represents 39.3 per cent of the total exports of this species compared to 45.1 per cent in the same period last year.

In order to offset this decline, Vietnamese exporters looked for ways of expanding into emerging markets.

Vietnam Customs’ statistics show that the EU was the leading pangasius importer from Vietnam with USD 261 million (20.4 per cent) in the first nine months of 2014, representing a decrease of 8.4 per cent year on year.

It was followed by the US with USD 240.8 million (18.9 per cent), which represented a 16.7 per cent decline year on year.

In this regard, the U.S. National Marine Fisheries Service (NMFS) informed that in the first 8 months of 2014, the US imported 63,276 MT of pangasius from Vietnam, accounting for a 14.71 per cent decline year on year. However, Vietnam maintains its leading position at importing pangasius to the US market (92.7 per cent).

In the analysed period, the third biggest importer of Vietnam’s pangasius was the Association of Southeast Asian Nations (ASEAN), which as Vietnam Customs informed imported catfish for a value of USD 102.6 million, representing a 12.4 per cent increase year on year.

In the third quarter this year only, Vietnam’s pangasius exports were worth USD 30.48 million, accounting for a 1.7 per cent growth year on year.

In these three months, Thailand was the biggest importer, followed by Singapore and the Philippines.

Vietnamese pangasius is the pioneer in product traceability in the country’s agriculture. Currently, many pangasius farms owned by processors and households are certified by national and international standards such as VietGAP, Global GAP, ASC, BAP, SQF 1000/2000CM, IFS, FOS.

Up to July this year, 45 pangasius farms in Vietnam have been granted ASC certification.

Leave a comment