Vietnam's pangasius export value was estimated at 2.2 billion USD in the first 10 months of 2022, up 80% year on year. (Photo: VNA) China will not immediately loosen its zero COVID policy, so the trade betweenChina with other countries will certainly not be able to recover as it wasbefore the pandemic, it said.
However, the regulation on COVID testing for imported goods has been loosenedsince July. That meant exporters are not suspended from exports if there aretraces of coronavirus on imported products or packages.
Therefore, Vietnamese seafood products have many opportunities to enter China.This neighbouring country will continue to be the major and potential marketfor Vietnamese pangasius products until the year-end and next year.
According to the General Department of Customs, Vietnam’s pangasius exportvalue was estimated at 2.2 billion USD in the first 10 months of 2022, up 80%on year.
Of which, China market alone accounted for 30% with a turnover of about $654million, up 110% on year.
VASEP said since 2020, China has maintained its position as the largestpangasius import market from Vietnam, surpassing the US market.
China has always maintained the highest growth, with sales increasing by morethan two times over the same period last year.
The zero COVID policy in China is affecting this country's manufacturingindustries, including the seafood industry. Fishing and aquaculture have beenpartially reduced.
Therefore, China has to increase imports of seafood from other countries tomeet domestic demand and for the country's export processing sector.
The COVID-19 pandemic and the Russia-Ukraine conflict, causing increases in seafreight charges and inflation, are also big challenges for China's seafoodimporters and exporters.
Vietnam is a neighbouring country of China so its seafood products will be thepreferred choice of these mainland importers, especially pangasius.
Vietnam’s pangasius export value to this market in October was estimated toreach about 64.2 million USD, up 105% on year, including 48 million USD fromexport frozen pangasius fillets and $16 million from whole fresh/frozenpangasius.
In the first ten months of 2022, the export value of frozen pangasius filletsto China reached 489 million USD, up 115%, while the turnover from exports of fresh/frozenpangasius reached 163 million USD.
The average price of frozen pangasius fillets exported to China in the firstnine months of this year reached $2.28 per kilo. September had the highestprice of 2.73 USD per kilo during this period.
Market demand increased in the third quarter and the beginning of the fourthquarter to meet orders and consumption during the Lunar New Year and year-endfestivals, while the supply of raw materials decreased. That caused the exportprice of pangasius to increase in this period.
Since the beginning of the year, Vietnam has more than 400 enterprisesexporting pangasius to China. The top 10 largest pangasius exporters to Chinaincluded Vinh Hoan JSC, East Sea Ltd, Co, Van Duc Tien Giang Import-Export FoodProcessing Ltd, Co, Nam Viet JSC and I.D.I Multinational Development andInvestment JSC.
Other leading enterprises include Dai Thanh Ltd, Co, Go Dang JSC, Truong GiangSeafood JSC, Cadovimex II Seafood Import-Export and Processing JSC./.
VNA
