VIETNAM PANGASIUS SALES TO THE US TO RISE IN QII/2016

21/06/2016 12:00 - 464 Views

As of Apr 2016, Vietnam pangasius exports to the U.S valued US$115.1 million, up 7.2% compared to the same last year, accounting for 22.7% of total export value.

So far, Vietnamese pangasius products have competed strongly with tilapia products in the U.S. According to ITC, in QI/2016, Vietnam’s pangasius products took up over 19%, while tilapia items accounted for nearly 45% of the total import value of whitefish into the U.S. In addition, pangasius products from Vietnam also had to compete with some other whitefish species such as Cod, Alaska Pollock, or Haddock.

The U.S Department of Agriculture (USDA)'s catfish inspection program, which took from Mar 2016, as well as high anti-dumping duty had some impacts on Vietnam’s pangasius exports to this market in QI/2016. In the late February 2016, the export price from Vietnam ranged from US$2.00- 2.05/kg.

On May, 25th 2016, the Senate voted to reverse a controversial change to the USDA’s catfish inspections in the session of the Senate. In an 55-43 vote, the Senate passed catfish inspection rollback by Senator John McCain, who sponsored the Congressional Review Act (CRA).

The resolution heads to the House. If the House passes the measure, President Barack Obama is not expected to veto it. His administration has called the catfish inspection change wasteful and proposed cutting it from the budget.

However, the market share for Vietnamese pangasius in the U.S is still large thanks to stable demand and high import price. In QII/2016, Vietnam pangasius exports to the U.S expect to increase by 10-15% compared to the same period last year.
 
Whitefish imports into the U.S, QI/2016 (Thousand US$)
No. Suppliers Jan Feb Mar QI/2016
1 China 134,522 122,613 57,054 314,189
2 Vietnam 33,148 37,743 26,926 97,817
3 Iceland 6,422 8,641 6,097 21,160
4 Honduras 6,837 6,555 6,739 20,131
5 Indonesia 6,806 5,559 4,414 16,779
6 Colombia 4,257 3,991 4,463 12,711
7 Russia 4,625 1,219 5,049 10,893
8 Costa Rica 3,111 3,447 3,682 10,240
9 Norway 4,237 1,125 4,207 9,569
10 Canada 3,067 3,023 2,921 9,011
11 Taiwan 3,271 2,482 2,181 7,934
12 Mexico 1,663 2,988 2,669 7,320
13 Ecuador 1,690 1,431 1,369 4,490
14 Thailand 596 581 617 1,794
15 Brazil 578 510 521 1,609
16 Peru 295 147 335 777
17 Myanmar 241 137 317 695
18 Poland 176 225 225 626
19 Malaysia 64 219 261 544
20 Chile 48 264 205 517
 
 
Source: Seafood.vasep.com.vn
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