By the end of November 2022, the export of pangasius to China and Hong Kong markets was worth 675 million USD, an increase of 79% over the same period in 2021. Vietnam has 160 enterprises exporting pangasius to China Country.
According to the Vietnam Association of Seafood Exporters and Producers, after continuously growing strongly in the first 10 months of the year, pangasius exports to China suddenly plummeted in November with a decrease of 46%, reaching just over 37 million VND. USD. Although it is still limited because of Covid-19, this is still a potential destination for many Vietnamese pangasius businesses.
The zero Covid policy with prolonged restrictions has weakened the Chinese seafood market. Demand for seafood and seafood prices in the market both decreased.
Statistics and data collected at 68 wholesale markets across the country show that in September 2022, seafood sales decreased by 19.6% compared to September 2021, the average seafood price was at 3. 41 USD/kg, down 12.1% over the same period last year. The price of freshwater seafood decreased by 6.3% to an average of USD 2.64/kg, while the volume of freshwater seafood sold decreased by 16.5%, showing the impact of China’s Covid-19 lockdown. Country.
By the end of November, pangasius exports to China reached 636 million USD, up 81% over the same period. While exports to Hong Kong reached nearly 38 million USD, up 46%.
Particularly, frozen pangasius fillets with HS code 0304 exported to China reached 472 million USD, accounting for 74% of pangasius export value to this market.
According to statistics of China Customs, by the end of October 2022, imports of frozen fish fillets with HS code 0304 from Vietnam into China reached nearly 500 million USD. Of which, frozen pangasius fillets alone accounted for nearly 89% with $444 million.
Vietnam’s pangasius products are imported into China through 24 ports/border gates of this country. In which, the most concentrated in Guangdong, accounting for 29-30%, Tianjin about 12%, Shandong 12%, Shanghai 11%. Followed by Zhanjiang 105, Beijing 9%, Fujian 8% and Guangxi, Hubei, Liaoning, Jiangsu …
The movements of the Chinese market in the coming time are unpredictable and depend significantly on whether China adjusts its policy to control zero Covid and how it will adjust. However, many seafood traders in the world, including Vietnamese enterprises, are hoping for the stability of this market because this is still a large market with high consumption demand.
Among the import markets of Vietnamese pangasius, China attracts the largest number of export enterprises. As of the beginning of December, 2022, there are more than 160 Vietnamese enterprises exporting pangasius to China. In which, the Top 5 pangasius exporters to China include: Dai Thanh Co., Ltd., Truong Giang Seafood Joint Stock Company, I.D.I Multinational Development and Investment Joint Stock Company, and Import-Export Processing and Processing Joint Stock Company. Cadovimex II Seafood and Go Dang Joint Stock Company. In general, these companies do not have much difference in sales, accounting for 6-7% of pangasius export value to China.
Source: haiquanonline.com.vn
