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Pangasius export is still influential by Covid-19

Click on the flag for more information about Viet Nam VIET NAM
Thursday, May 28, 2020, 03:00 (GMT + 9)

VASEP, the Vietnam Association of Seafood Exporters and Producers, reports that in April 2020, pangasius export value to three markets of China - Hong Kong, Singapore and England grew positively, respectively: 20.1%; 127.6% and 20.3%. This helps to reduce the picture of pangasius hypophthalmus in the worry of disruption due to the prolonged Covid-19 disease.

By the end of April 2020, the total export value of pangasius reached US $ 449.5 million, down nearly 27% over the same period in 2019. Most of the major export markets were among the top 10 largest markets of Vietnamese pangasius. Men all fall in value. Except, exports to Singapore increased by 12.7% and the UK increased by 1.1% over the same period last year.

China - Hong Kong : Since the end of February and early March 2020, Pangasius export to this market has just started to recover and grow again after the Chinese processing factories returned to work. . By the end of April 2020, the total export value of pangasius to the China - Hong Kong market reached US $ 111.1 million, down 20.2% compared to the same period in 2019. Particularly the export value to the Hong Kong market. down 24.6% over the same period last year. Thus, up to this point, China - Hong Kong is still the largest export market of Vietnam pangasius enterprises, accounting for 24.7% of the total export value.

Until April 3-4 / 2020, although Chinese customers have begun to import again, but mainly for the purpose of stocking because the enterprises of these countries worry that they will not be able to import more goods if Vietnam carries out the social isolation. Assembly for an indefinite period. Moreover, after reopening post-Covid-19 production, Chinese people are still worried about eating out or many restaurants are closed after the pandemic, consumption at this channel is slow because The main buyers are online or supermarket supermarkets. Some Chinese customers also offered to reduce the purchase price.

USA: After increasing by 26.4% compared to the same period of 2019 in March, then in April 2020, the export value of pangasius to this market decreased by 20.7% compared to the same period last year. So far, the US remains the largest outbreak of Covid-19 in the world, its production activities face many difficulties. Food and aquatic product processing factories are facing labor difficulties. Therefore, Pangasius export to America in April 2020 decreased again. By the end of April, 2020, pangasius export value to the US market reached 74.6%, down 14.6% over the same period last year.

ASEAN: By the end of April 2020, Pangasius export to ASEAN reached US $ 53 million, down 24.4% compared to the same period last year. Thus, up to this point, ASEAN is the third largest export market of Vietnam pangasius (after China - Hong Kong and the US), accounting for 11.8% of total pangasius export value. Notably, in April 2020, pangasius exports to ASEAN decreased, of which, exports to the largest market in the region, Thailand also decreased by nearly 30%, Malaysia decreased by 31% but export value to Singapore increased by 127. , 6% over the same period in 2019. By the end of April 2020, Pangasius exports to Singapore also increased by 12.7% compared to the same period last year. This is the market with the largest positive growth rate of Pangasius export among the top 10 largest export markets of Vietnam.

EU: After China, EU is the second market heavily affected by the Covid-19 epidemic, especially in major importing markets in the bloc such as Italy, Spain and the UK ... Blockade orders in some countries such as Italy caused a sharp decline in seafood consumption demand due to the business of catering services, restaurants, hotels and schools being closed. The business stall caused seafood distributors to reduce prices, affecting the price of imported seafood. Therefore, in the first 4 months of this year, exporting pangasius to EU faced many difficulties. By the end of April 2020, the export value of pangasius to this market reached US $ 48.3 million, down 36%, of which, exports to the three largest markets in the bloc: Netherlands, Germany and Belgium all decreased. , respectively: 29%; 31% and 38.8%.

With the complicated situation of Covid-19 epidemic in major export markets such as the US, EU, Brazil ..., it is difficult for Pangasius exports in Q2 to escape negative growth. If in the 3rd quarter, the epidemic situation in the countries being the epidemic control center, production and business activities reopened, then the Pangasius export will have a chance to recover.

Author Ta Ha - Nam Phuong / VASEP

editorial@seafood.media
www.seafood.media


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