Vietnam’s billion-dollar dish revived in many major markets
The Association of Seafood Exporters and Producers (VASEP) said, pangasius export Vietnam in the first two months of this year featured a “green growth” in most major markets, with a total export value of $384.8 million, up 93.6% over the same period last year.
By the end of February 2022, the total value of pangasius exports to the US reached US$94.57 million, up 119.7% over the same period last year. In which, in February 2022, the export value reached nearly 42 million USD, up 167%. By the end of February, the US was the No. 1 pangasius export market of Vietnamese enterprises. VASEP forecasts that the US market’s recovery and strong demand will continue in the first half of this year.
In the China – Hong Kong market, the total export value of pangasius in the first two months of 2022 reached US$85.8 million, up 239.6% over the same period in 2021, accounting for 22.3%. With this result, China – Hong Kong is ranked as the second largest pangasius export market (after the US). Notably, during this period, the export value of pangasius to Hong Kong increased by over 111% over the same period last year.
Pangasius exports to the CPTPP market in the first two months of this year reached US$52.5 million, up 51.4% over the same period last year. In which, the export value to Mexico reached 18.3 million USD, up 23.3%; to Canada reached 9.6 million USD, up 81.5%; to Australia reached 6.8 million USD, up 19%; to Malaysia reached 5.6 million USD, an increase of nearly 165%. If the covid situation in the world is well controlled and the economy returns to normal, it is forecasted that for at least the next two quarters, pangasius exports to the CPTPP will have positive double-digit growth.
In the first two months of this year, pangasius export value to the EU reached nearly $28 million, up nearly 76% over the same period last year. In which, the export value to the Netherlands reached nearly 10 million USD, up 78.3%; Germany reached 3.4 million USD, up 98%; Belgium reached 2.8 million USD, up 64.3%; Spain reached 2.7 million USD, up 53%.
In addition to the above main export markets, the export value of pangasius to other potential markets such as Brazil, Thailand, UAE, and the UK also grew well over the same period last year.
According to VASEP, pangasius exports are recovering after more than 2 years of being heavily affected by Covid-19. However, processing and exporting enterprises are facing a shortage of raw materials, a sudden increase in raw material prices, and an increase in freight rates according to world petroleum prices. period last year, but exports are still heavily affected by the epidemic, so this recovery is only at the beginning.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here