Vietnam exported pangasius to 136 markets in the first 6 months
MEKSEA.COM – In the first 6 months of 2022, Vietnam exported pangasius to 136 markets, earning $1.4 billion in value, up nearly 77% over the same period in 2021.
China and the US are two main markets, accounting for 55% of Vietnam’s pangasius exports. China accounted for 30% with nearly 428 million USD, up almost 79% over the same period. The US accounted for 25% with 356 million USD, more than 2 times higher than in the first half of 2021.
The sharp increase in the average export price is the main factor that helps the export value of pangasius to the markets increase. The average export price of frozen pangasius fillets to the Chinese market in the first half of this year was USD 2.45/kg, up 37% from USD 1.79/kg in the same period in 2021.
The price of pangasius fillets exported to the US market averaged USD 4.66/kg, up 60% from USD 2.93/kg in the same period in 2021. The average export price of pangasius fillets to other markets increased from 28 – 66%.
Following the US and China are Mexico and Thailand, both of which have made a breakthrough in importing pangasius from Vietnam. In which, pangasius exports to Mexico increased by 81%, to Thailand by 90%. These two markets account for 3.7% and 4.4% of pangasius exports, respectively. Although accounting for a small proportion, along with the successful import of other markets such as the Netherlands, increased by 74%, Canada increased by 109% and most markets grew by 2-3 digits.
The group of frozen pangasius fillets and cuts (HS code 0304) accounted for more than 88% with 1.25 billion USD, up 84% over the same period in 2021. Export of fresh/whole/dried pangasius with HS code 03 (except HS0304) accounted for nearly 10.8% with USD 154 million, up 30%; the rest of processed pangasius (breaded pangasius, fish skin, fish stomach…) accounted for 1.4% with USD 21 million, up 111%.
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By Hayati (Meksea Team)
(hayati@mekseaconnection.com)
(Reference: VASEP)
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