While Vietnam’s shrimp export was on downward trend in August, tra fish posted an impressive export growth, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
According to the Vietnam Association of Seafood Exporters and Producers, Mexico has risen from the fourth in 2021 to become the 3rd largest tra fish export market of Vietnam, only after China and the US.
Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.
The majority of tra fish exporters enjoyed high profits in the April-June period of this year thanks to a price increase cycle in the period, according to the sector’s financial report for the second quarter of 2022.
Vietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products. Of note, Tra fish exports to the UK increased six-fold in the first half of this year.
The Vietnam Association of Seafood Exporters and Producers (VASEP) is optimistic about tra fish exports this year with a substantial demand recovery in import markets.
Vietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products, the latest data by the Vietnam Association of Seafood Exporters and Producers (VASEP) showed.
Vietnam’s tra fish (pangasius) export revenue expands about 90 percent in the first six months of this year compared to the same period last year, signaling a new development period for the sector.
Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada.
Vietnam’s tra fish (pangasius) export revenue expands about 90 percent in the first six months of this year compared to the same period last year, signaling a new development period for the sector.
The exports of aquatic products are expected to fetch 2.8-3 billion USD in the second quarter, a year-on-year increase of 36-38 percent, thanks to the strong growth of key products, according to Le Hang, deputy director of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s Training and Trade Promotion Centre.
Vietnam raked in an estimated 4.5 billion USD from exporting aquatic exports in the first five months of 2022, up over 44.5 percent over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Demand for Vietnam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Vietnam Association of Seafood Exporters and Producers (VASEP).
The US Food Safety and Inspection Service under the US Department of Agriculture has just recognized 6 more Vietnamese tra fish processing factories that are eligible to export their products to the US market.
The average price of Vietnam’s tra fish (pangasius) exported to the US increased sharply in the first quarter of this year to the highest ever level of 4.5 USD per kilogramme, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast a bright future for the tra fish industry this year on the back of strong demand from major markets including the US, Europe and Asian countries.
Vietnam’s tra (pangasius) fish sector is seeing a strong recovery after three years of gloom. Prices of tra fish have been on the rise due to shortages for processing and exports.
The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis has disrupted shipments to the two European countries since late February and caused spikes in shipping costs and input expenses, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).