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Viet Nam Pangasius Exports Down in January 2015

12 March 2015

VIET NAM - According to the Viet Nam Customs, pangasius exports in January 2015 reached US$137.89 million, down 12.2 per cent year on year.

Frozen fillets reaching $136.21 million, accounted for 98.78 per cent of total pangasius exports, while other processed pangasius made up 1.22 per cent with the value of $1.67 million, reports VASEP.

Pangasius consumer markets in the first months stayed gloomy, most export contracts were signed in 2014 while new contracts were small ones. The US and EU have been the most influential to Viet Nam’s pangasius exports.

In 2014, the EU was the biggest market for Viet Nam but now it became the runner-up. According customs, exports of pangasius to the EU in January 2015 were worth $21.04 million, down 34.5 per cent year on year, triple the rate in December 2014.

The EU accounts for 15.3 per cent of the total value of pangasius exports from Viet Nam. Imports of pangasius along with cod and Alaska pollock into EU had the similar trend. Cod price did not increase in the EU during this period. Tilapia imports into the EU, however increased slightly.

The US accounted for 22.5 per cent of total value of pangasius exports from Viet Nam. Pangasius exports to the US in January 2015 reached $31.07 million, reporting a 19.4 per cent year on year decrease. Many pangasius companies are waiting for final results of POR10 anti-dumping duty.

Meanwhile, other markets, especially Mexico, China witnessed spectacular growth to become the third and fourth biggest importing markets for Viet Nam’s pangasius. Asean nations grew stable but were no longer the third biggest importing markets for Viet Nam pangasius.

Statistics of General Customs revealed that pangasius exports to Mexico in January 2015 were worth $14.71 million, up 81.7 per cent year on year, accounting for 10.7 per cent of Viet Nam's pangasius total export value.

Pangasius exports to China accounted for 9.3 per cent of Vietnamese pangasius exports. Exports to these markets in January 2015 reached $12.87 million, up 95.2 per cent year on year.

Pangasius exports to Asean nations in January 2015 worth $11.21 million, up 16.7 per cent year on year, representing 8.1 per cent of Vietnamese pangasius exports. The three leading pangasius importing countries namely Thailand, Singapore the Philippines had positive growth rates.

Canada replaced Brazil in the top eight leading pangasius importing markets as Brazil has been developing tilapia and enhanced tilapia imports for domestic consumption.

 

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