SEAFOODNEWS.COM [Vietnam News] November 29, 2016
China, including Hong Kong, may surpass the U.S. to become the biggest importer of pangasius products from Vietnam in 2017, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Two months ago, China surpassed the EU to become Vietnam’s second largest buyer, the association said.
In the first ten months of this year, China and Hong Kong imported Vietnamese pangasius worth $235.5 million, up 76% on year, VASEP said. Vietnam’s pangasius export to China has grown constantly in the past two years, it noted.
The Chinese customers’ demand for pangasius increased due to reasonable price, said the Vietnam Trade Promotion Office in Chongquing (China).
Currently, the U.S. is still the biggest importer of Vietnamese pangasius. However, high anti-dumping taxes and the catfish investigation program of the U.S. Department of Agriculture are barriers for Vietnamese pangasius exporters.
Given these facts, VASEP forecast that Vietnam’s pangasius export to the U.S. will fall in 2017.
Unprocessed pangasius markets in Mekong Delta provinces are now sluggish in terms of purchasing power and price, as pangasius processing plants were buying and producing moderately after collecting sufficient goods to export to the EU, the U.S. and China on Christmas and New Year occasions.