Sustained decline trend in pangasius exports

6 January 2014

Following the decline in pangasius exports recorded last year, which was 0.1 per cent year to November 2013, Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that they are likely to fall again by 5 per cent in 2014, due to the lower supply of domestic raw materials.

However, VASEP General Secretary Truong Dinh Hoe, expect prices to increase slightly, as the Vietnamese catfish has become the choice of many consumers because of its reasonable price, especially in U.S. markets and EU, which together account for 44.2 per cent of the total export value.

Exports to the U.S. market continued to decline last year, while sales to the EU showed a slight increase in recent months. However, shipments to the EU in 2013 generated USD 353.6 million, 9.7 per cent less than in 2012.

Spain continued to be the largest single market for importing pangasius in Europe with the year-to-date value of USD69.3 million, down 13.2 percent against a year ago.

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