In November 2021, Vietnam’s pangasius exports to China – Hong Kong market doubled from the previous month and increased by 17.4% over the same period in 2020. Thus, after three unstable quarters, in the last quarter of the year, exports to this market showed signs of positive growth.
As of the first half of December 2021, the total value of Vietnamese pangasius exports to China – Hong Kong reached $416 million, down 17% over the same period last year. The result of pangasius exports to China was lowered because in the first three quarters of this year, not only Vietnamese pangasius processors but also Russian pollock or Norwegian salmon and Indian shrimp processors also faced difficulties. difficult because this country strengthens measures to check imported food because of Covid-19.
In 2021, especially in the third quarter, pangasius processing enterprises face more difficulties when processing capacity decreases, many processing factories are forced to reduce capacity to prevent the risk of Covid-19 infection in the environment. work.
However, since September 2021, many Chinese importers said that their pangasius reserves for the year-end holidays or the summer of 2022 have been exhausted, so they are also waiting for the Government to relax the measures to test goods to increase purchases.
Vietnam is still one of the top 3 suppliers of white fish products to China – Hong Kong. Accordingly, Vietnam is the “exclusive” supplier of frozen pangasius in China. The Chinese market is short of pangasius and is expected to increase imports in the near future.
Recently, the Chinese Government and many border localities adjacent to Vietnam have announced the reopening of cargo ports such as Dalian, Qingdao, Dongxing… or promoting trade for the holiday. upcoming holidays. This will be a good opportunity for Vietnamese enterprises to increase pangasius exports to this market.