JAN-AUG 2017: RISE IN VIETNAM PANGASIUS SALES TO POTENTIAL MARKETS

In August 2017, Vietnam’s pangasius export value to China was double that to the U.S. Thus, China - Hong Kong became the largest importer of Vietnam pangasius in the first 8 months of this year with the value of US$247.4 million, accounting for 21.3% of the total export value, up 43.9% over the same period last year.

In the first 8 months of 2017, Vietnam’s pangasius shipments to some big potential importing markets such as Brazil, Mexico, Colombia and Saudi Arabia recorded the remarkable increases of 63.9%, 26.4%; 2.5% and 5.4% respectively over the same period last year. Meanwhile, exports to the U.S and the EU fell by 6% and 21.7% respectively year on year.

Vietnam’s pangasius exports to the EU have not shown any positive signs. Exports to 4 single markets including the Netherlands, the UK, Germany and Belgium all decreased by 3.6%, 4.9%, 19.8% and 0.2% respectively over the same period last year.

 

In the last months of the year, Vietnam’s pangasius exports to the U.S forecasted to continue the fall. So far, the catfish inspection program and anti-dumping tariffs on frozen pangasius fillets in the U.S are challenge to Vietnamese pangasius exporters.

Recently, on 13^th Sep 2017, the U.S Department of Commerce (DOC) has announced the preliminary determination of anti-dumping duty in the 13th administrative review (POR13) on Vietnam’s frozen pangasius fillets from 01^st Aug 2015 to 31^st Jul 2016.

Accordingly, in the preliminary decision of POR13, the U.S Department of Commerce announced the tax rate of US$2.39 per kg, which was three times higher than the individual tax rate in the 12th administrative review period. 

Source: http://seafood.vasep.com.vn/