News

To the recent report made by the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of the first half of this year, Vietnam’s seafood exports are estimated at nearly $5.8 billion, up 40% compared to the first half of 2021.

In Europe:
Inflation and war between Russia and Ukraine are opportunities for pangasius in 2022. There is a shortage of white fish, especially cod, in the EU, US, and UK markets due to sanctions against Russia, and many restaurants in markets. As a result, pangasius has the opportunity to gain market share in these markets. Pangasius exports to the UK in the first half of this year surged 6 times over the same period; while exports to Spain nearly tripled; to France, the Netherlands, Germany, and Belgium all increased by 45-90%.

In the USA:
The US catfish production decreased, inflation was high, the anti-dumping tax in the POR17 period benefited many pangasius enterprises, the number of pangasius businesses allowed to export to the US increased, and the export price of fish increased. Average survey to the US peaked…
Besides, vannamei (whiteleg shrimp) and black tiger shrimp exports to the US increased by 33% and 29% respectively over the same period last year. Vietnam is a leading supplier of shrimp to the US market. Total shrimp exports to the US reached nearly 390 million USD, up 32% over the same period last year.
In addition, Vietnam mainly exports frozen loin/fille of tuna to the US, accounting for 74%. In the first 5 months of this year, tuna exports to the US reached 251 million USD, more than 2 times higher than the same period last year. Tuna loin products alone reached 186 million USD, up 184%.

In China
The strong outbreak of Covid and the steadfast attitude of the Chinese government to the “Zero Covid” policy of the Chinese government made seafood exports to this market encounter many bottlenecks when many ports are closed and Covid testing on frozen goods is increasingly strict, and many factories in China are closed, production is stalled, so this market lacks the supply of seafood for domestic consumption. Therefore, China’s increasing demand for seafood has attracted more Vietnamese enterprises to export here despite the above challenges.

VASEP informs seafood exports to China increased by 91% over the same period last year, with a turnover of 925 million USD in 6 months. The two products that account for the dominant proportion are pangasius accounting for 48%, and shrimp accounting for 35% of seafood exports to the Chinese market.

With these results, in difficulties, there are also opportunities if we care to watch and catch those. We hope that all Vietnam enterprises keep calm and do business in a more active manner to be successful.

By Thomas