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Summary Of Pangasius Exports In The First 8 Months Of 2018

By the end of August, the export of pangasius reached 1.41 billion USD, up 21.7% over the same period last year. Thanks to the growth of export value to some big markets such as China – Hong Kong, USA, EU, Asean, UAE, Colombia, total export value exceeded expectations.

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CHINA – USA:

These are the two largest export markets of Vietnamese pangasius in the last 3 years and are frequently traded in the leading market position. In the past two years, the value of export pangasius to China market suddenly increased, many export pangasius companies rushed to this market. As a result, China replaced the United States in the number one position in the top 10 markets of Vietnam pangasius. In the first eight months of this year, the value of catfish exports to China – Hong Kong reached 332.5 million USD, up 34.4% over the same period last year and accounted for 23.5% of total export. However, since June 2018, the speed of export to this market tends to decrease. The US-China trade war made many pangasius enterprises see the opportunity to promote export to America.
With the US market, despite the end of August 2015, the export value of catfish to this market reached 321.2 million USD, up 34.2% over the same period last year, is the second largest export market (after China – Hong Kong). However, it may be in the fourth quarter with a more positive export growth, the US back to the lead. Since June, 1818, when the pangasius enterprises decreased attention to the Chinese market, the value of export pangasius to the US increased with an average export value of 50 – 66 million USD per month. In particular, in August 2015, the export value of pangasius to the US reached US $ 65.9 million, up 256% over the same period in 2017

EU:

Notably, from June 6/1818, the value of export pangasius to the EU began to increase gradually with the average monthly export value from 21-25 million USD. This is a good signal after 3 consecutive years of exporting pangasius to this market does not seem to find “escape”. After many times being smeared in some big export markets in Europe, the export value of pangasius to this market has fallen sharply, the most recent is the gloomy consumption of air covering the whole of 2017. By the end of the month 8/2018, the only export value to the UK market decreased 5.5% over the same period last year, three other large single market in the block is the Netherlands, export value increased by 37%; Germany increased by 0.5% and Italy by 75.5%. It is forecasted that this positive growth will continue until the end of 2018. In the first eight months of this year, the total export value of catfish to EU reached 160.1 million USD, up 15.4% over the same period before.

ASEAN

It can be said, in 2018, exporting pangasius to ASEAN market is stable, even quite good. By the end of August, the total export value was US $ 129.3 million, an increase of 41.9% over the same period of 2017. Of these, the three largest export markets were Thailand, Singapore and the Philippines. Export growth was strong at 43.6%; 26.7% and 43.6% respectively over the same period last year. Especially, this year, export value to two potential markets in the ASEAN market is Singapore and the Philippines increased continuously.

MEXICO – BRAZIL:

In 2017, exporting pangasius to these two markets has “saved” the decline of some major export markets, this year, unfortunately, pangasius exports to Mexico and Brazil decreased. In August, the value of catfish expoxrts to Mexico decreased by 22.5%; to Brazil by 27.3% compared with August 2017. By the end of August, the total export value to these two markets decreased by 8.1% and 30.8%, respectively, over the same period last year.

By Ta Ha

Vasep Source .