In July 2019, Pangasius export value decreased by 12.7% compared to the same period last year.
Pangasius export continued to decrease by 12.7%
Thursday, August 22, 2019, 05:30 (GMT + 9)
Util the end of 7/2019, Pangasius export value of 5 consecutive months decreased compared to the same period last year.
Therefore, the total value of pangasius export in the first 7 months of this year decreased by 5.5%, reaching 1.13 billion USD.
Particularly in July 2019, Pangasius export value decreased by 12.7% compared to the same period last year. Most likely, in the next quarters, exporting pangasius is difficult to escape the negative negative growth.
Source: Ta Ha/VASEP
China - Hong Kong
In the first 7 months of 2019, the total value of pangasius export to China - Hong Kong market reached 320 million USD, up 10.4% over the same period in 2018. In particular, July 2019, export value This market saw a sudden growth of 71.1% compared to the same period last year even though the value of Pangasius export to Hong Kong decreased by 19.1%.
The US-China trade war has caused Chinese export goods to circulate slowly. China's move to devalue the yuan to boost exports and reduce imports also reduce the amount of goods into this market. Export of Vietnam pangasius after many years of positive growth had 3 months (in the first 7 months of this year), the export value decreased to this market.
Moreover, the plan of "localization" of Chinese pangasius is also being encouraged and invested by the Government of this country. Maybe in the second half of this year, exporting Vietnamese pangasius to China - Hong Kong still grew positively but did not reach the expected level.
In July 2019, Pangasius export value to the US reached 25.6 million USD, down 56.2% over the same period last year. By the end of July 2019, the total value reached 167.6 million, down 34.3% compared to the same period in 2018.
Even though, the US still ranked 2nd in the top export market of Vietnam pangasius. But from now until the end of 2019, Pangasius export to this market is difficult to escape negative growth and will continue to decline in the coming months. Many technical and commercial barriers in this market are being erected for many sources of white fish, including China and Vietnam.
In 7/2019, the export value of pangasius to the UK market began to decline and slowed markedly. This is a market that is considered to be a great potential in this area with good prices and high quality pangasius products. As of the end of 7/2019, the value of pangasius export to the UK market - the second largest market in the EU reached 33.3 million USD, up 36.3%, in July 2019 alone, the value decreased by 10% compared to with the same period last year. Also during this period, in 7/2019, the value of pangasius export to the largest market in the region decreased by 28.3%. Pangasius export to Germany and Belgium in the first 7 months of this year grew well, up 39.6% and 32.5% over the same period in 2018, thanks to positive export growth value in some single markets. Therefore, the total value of pangasius export to EU in the first 7 months reached 156.7 million USD, up 12.6%.
In the first 7 months of 2019, the value of exporting pangasius to ASEAN increased by 4.6%; Mexico increased by 13%; Japan increased 7.7% but exports to Brazil fell 25.4%, Colombia fell 18.6% compared to the same period last year. It is forecasted that in the second half of the year, growth in these large potential markets remains the same as the first half of the year.
Pangasius material prices and catfish seed in the Mekong Delta continued to decrease further due to the impact and adverse effects from the market. The export price also decreased in the past time, causing the export value to fall. Difficulties in general export activities in many major markets around the world made the export of pangasius picture in the first 7 months of 2019 not show any better signs and is likely to continue in the next quarter.
Source: Ta Ha/VASEP