(HQ Online) - China and Hong Kong have continuously led the top import markets of Vietnamese pangasius from 2019 to present and are the largest consuming markets of Vietnamese pangasius.
According to data from Vietnam Customs, in September 2023, Vietnam's pangasius exports recorded positive growth for the first time since the beginning of this year, with a value of nearly 167 million USD, an increase of 1% compared to the same period last year.
Cumulative exports of Vietnamese pangasius in the first 9 months of this year reached nearly 1.4 billion USD, down 31% compared to the same period last year. In particular, the main export product is still pangasius under code 0304 (except fish cakes and surimi products) reaching 1.1 billion USD in 9 months of this year, accounting for 82% proportion. In September 2023 alone, exports of this product to markets reached 135 million USD, down 4% compared to the same period in 2022. This is also the lowest decrease recorded since the beginning of this year. Followed by live, fresh, freeze-dried pangasius products (under code 03) (except fish under code 0304) reached 222 million USD, accounting for 16% proportion and other processed pangasius (under code 16) reached 22 million USD, accounting for 2% proportion.
Regarding consumption markets, in September 2023, Vietnamese pangasius exports to a number of main markets recorded positive double-digit growth such as China and Hong Kong, EU, Brazil, Mexico,... In addition, other markets The US market, CPTPP, Korea, Singapore,... still recorded a decrease from 3% - 54% compared to the same period last year.
In September 2023, China and Hong Kong imported 56 million USD of Vietnamese pangasius, an increase of 15% compared to the same period last year. By the end of September 2023, export turnover to China and Hong Kong reached 434 million USD, down 26% compared to the same period in 2022. China and Hong Kong continuously lead the top import markets for pangasius. Vietnam from 2019 up to now and is the market consuming the most Vietnamese pangasius.
The second largest importer of Vietnamese pangasius is the US. In September 2023 alone, this country bought nearly 23 million USD of Vietnamese pangasius, down 29% compared to the same period last year. High inventory in the US is the biggest difficulty that has caused export value to this market to continuously decline since the beginning of this year. Cumulative pangasius exports to this powerhouse in the first 9 months of 2023 reached 207 million USD, down 54% compared to the same period in 2022.
As one of the markets recording positive growth in September 2023, the EU shows that demand in countries in the bloc has not decreased. In September this year, the EU consumed more than 14 million USD of Vietnamese pangasius, an increase of 11% compared to the same period last year, an increase of 9% compared to the previous month.
Overall, in the first 9 months of 2023, the EU imported 129 million USD of pangasius, down 19% compared to the same period last year. With export value growing positively again in September 2023, the EU is gradually returning to the race to import pangasius from Vietnam.
Particularly for the CPTPP market, although exports still decreased, the decrease narrowed to 4% in September 2023 when pangasius export turnover to this market reached 21 million USD. This is also the lowest decrease of this market sector since the beginning of this year. Notably, some markets in the CPTPP bloc recorded positive growth from 10% - 70% such as Japan, Mexico, New Zealand,...
In September 2023, pangasius exports to some main markets showed signs of recovery after a long period of decline. This is one of the positive signs in the context that most economies in the world have low growth due to declining aggregate demand; Inflation has cooled down but remains high; monetary policy has tightened, world public debt has increased to record levels, the military conflict between Russia and Ukraine is more complicated, geopolitical instability, food security, natural disasters, climate change... are increasing day by day. the more increased.
According to the Vietnam Association of Seafood Exporters and Producers, among the main markets importing Vietnam's pangasius, the Chinese market is still the biggest hope for Vietnamese seafood exporters. South today. After the country fully reopened, trade activities are gradually returning to normal. Expectations that China's economy will be more stable in the last months of the year and that the income and consumption of the country's people will recover will stimulate demand for seafood consumption, VASEP said.
Pangasius export businesses expect that signs of recovery in the last month of the third quarter of 2023 will create momentum for Vietnam's pangasius exports in the last quarter of this year.
