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Sales of Vietnamese pangasius to the Chinese market grew strongly

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Sales of Vietnamese pangasius to the Chinese market grew strongly

 

In the first ten months of 2018, the export value of Vietnamese pangasius export to China – Hong Kong market reached US$437.9 million, up by 30.6% over the same period in 2017. Despite the slower pace of the the export growth rate, it is forecasted that by the end of the year, exporting pangasius to China is still stable with a double-digit growth rate.

In third quarter of 2018, pangasius exports to China has slowed down, with the gradually decreasing growth rate compared to the same period last year. Pangasius export value to China in this quarter fell by 16.6% compared to the previous quarter. However, exports to Hong Kong market remained at the same level compared to the second quarter.

Currently, Vietnam is the 3rd largest whitefish supplier for China market, following Russia and Norway.

Frozen Cod (HS code 030363), frozen Alaska pollock (HS code 030367) and frozen pangasius (HS code 030462) are the three largest import product groups of China in 2017. However, the proportion of Cod products accounted for 41.5% of the total value of white fish imports in China, while pangasius and basa accounted for 5.7%.

20 largest suppliers of whitemeat fish to China (Thousand US$, Source: ITC)
No. Supplier Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 ↑↓%
1 Russia 299,320 265,803 221,810 154,634 298,229 -0.4
2 The US 50,485 99,131 46,854 43,333 51,270 1.6
3 Norway 47,400 49,471 54,918 57,428 49,086 3.6
4 Vietnam 15,597 22,652 31,448 44,881 47,167 202.4
5 Greenland 9,793 9,129 8,359 13,446 9,300 -5.0
6 Japan 1,887 3,364 2,499 2,365 3,682 95.1
7 Canada 1,838 2,224 13,852 10,240 2,733 48.7
8 Korea 527 298 3,220 5,347 1,460 177.0
9 Portugal 1,048 2,205 1,871 633 934 -10.9
10 Argentina 1,381 736 669 331 784 -43.2
11 China (other regions) 671 659 9,686 2,166 696 3.7
12 Iceland 284 446 612 453 624 119.7
13 Netherlands 1,399 3,337 1,651 550 -60.7
14 Indonesia 2 221
15 Uruguay 129 96 123 -4.7
16 Spain 409 12 98 -76.0
17 New Zealand 91 291 496 995 47 -48.4
18 The UK 2 46
19 Chile 90 48 40
20 Denmark 177 104 80 37

 

 

Source: VASEP

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