Is 100% pangasius export growth in September 2022 an optimistic sign?

However, the above breakthrough growth is not an optimistic signal because in September 2021, due to the impact of the Covid epidemic, pangasius exports dropped to the lowest level. Moreover, usually every year in September, which is about to be the peak season, there are many orders for year-end and New Year holidays, but this year, September pangasius turnover is 15% lower than August. , markets of China, Mexico, Brazil, UK, Canada, the Netherlands, Colombia all have pangasius imports 17-36% lower than in August.

However, there are still some markets with positive trends because export turnover is higher than in August. These are Australia 11% higher, Singapore up 22%, Saudi Arabia up 32%, France up 86%.. .

In the first 9 months of the year, the country's pangasius exports reached nearly 2 billion USD, up 83% over the same period last year. In which, frozen pangasius fillets/cuts with code 0304 reached over 1.7 billion USD, accounting for 87%, fresh pangasius with code 03 accounted for 12%, reaching 235 million USD, the rest were fish products. processing and processing accounted for 2% with 138 million USD.

China & HK accounted for 30% of pangasius export turnover in the first 3 quarters of the year with US$ 589 million, up 111% over the same period. The proportion of the US tends to decrease gradually, accounting for 23% with 454 million USD. According to statistics from the US Department of Commerce, in the first 8 months of this year, the US imported over 96 thousand tons of frozen pangasius fillets (HS code 030462), worth over US$405 million, up 26% in volume and 95% in value. compared with the same period last year. The average import price of frozen pangasius fillets to the US in the first eight months of the year reached $4.21/kg, up 54% over the same period last year.

Although exports to the EU still more than doubled over the same period, this market only accounts for 8% of total pangasius exports with nearly 160 million USD. In which, the top 3 markets in this block include the Netherlands, accounting for 2.2% with over 44 million USD, followed by Germany with over 21 million USD and Belgium with nearly 16 million USD.

The CPTPP bloc accounted for 13% of pangasius exports in the first nine months of the year with nearly $260 million, an increase of 80% over the same period last year. The prominent markets in the bloc are Mexico, accounting for 4.3% with nearly 85 million USD, Canada accounting for 2.4%, reaching more than 47 million USD, Australia accounting for 1.6% reaching 30.5 million USD, followed by Singapore with over 28 million USD, accounting for 1.4%.

It is possible that pangasius orders will increase in October, which is the peak month of the year-end trading season. Currently, the supply of raw pangasius in many localities is decreasing, and the price of raw fish is increasing. Hopefully, demand will recover and the price of pangasius exported to markets will stabilize or increase again, so that pangasius in 2022 can reach the finish line with an export record of $2.5 billion, up 54% compared to last year. 2021. 

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