April 3, 2025 | 23:20 GMT +7
April 3, 2025 | 23:20 GMT +7
Hotline: 0913.378.918
Pangasius export to the EU showed positive growth at the beginning of this year. Photo: TL.
According to Vietnam Association of Seafood Exporters and Producers (VASEP), from the beginning of the year to middle February, the total export value of pangasius to the EU reached $20.2 million, up 40.2 % over the same session of the previous year.
This is the most promising growth after a long period of stagnation or sharp decline.
Currently, the Netherlands, Belgium, Germany and Spain are the 4 largest single markets of exported pangasius in the EU for Vietnamese seafood businesses. Of which, the Netherlands is the largest market with a contribution of 36.6% to the total export value.
More than 10 years ago, the EU was Vietnam's largest pangasius export market. However, after peaking in the 2016-2018 period, pangasius export to the EU started to stagnate and gradually decrease.
The Covid-19 pandemic created additional difficulties for pangasius export to the EU. Many importers said they faced financial difficulties due to the demand for whitefish, including no increase of pangasius in many markets of the region, while logistics costs, transportation costs... increased significantly. Many EU customers have actively requested to reduce the purchase of pangasius, cancel or postpone orders that have been signed or are about to be signed.
On the other hand, due to the higher demand of EU customers without reasonable prices, in 2021, many pangasius businesses with concentrated export to the EU have switched to other markets such as China, Mexico, Brazil, Egypt, Colombia and Thailand. This also explained the reason for the continuous decrease in the export value of pangasius to the EU in the past 2 years.
As a consequence, VASEP stated that at the beginning of this year, the recovery in pangasius export value to the EU showed that many businesses still desire to return to this market. The EU is still considered a large and important market for Vietnamese pangasius businesses.
Translated by Hoang Duy
(VAN) Cited from Mr. Pham Quang Huy, Vietnam's Agricultural Attaché in the U.S: The United States will impose a 10% tariff on all partners and specific reciprocal tariffs on several countries.
(VAN) According to the aggregated data from the Ministry of Industry and Trade, since 2002, the United States has risen to this position and has maintained it ever since.
(VAN) A fertilizer market analyst says prices remain high heading into planting season.
(VAN) Environmental protection policies in various markets are constantly evolving, and without adequate preparation to meet these demands, businesses may lose their competitive edge.
(VAN) Vietnam needs to have a comprehensive strategy for developing the Halal ecosystem, while also building a national brand for Halal agricultural exports in order to compete.
(VAN) Efforts are in progress to establish a direct export route.
(VAN) Vietnam Outstanding Export Products Fair 2025 gathered more than 700 booths, displaying key products such as agricultural products, food, handicrafts, and textiles.