PANGASIUS EXPORTS TO THE EU HAVE POSITIVE SIGNALS AGAIN

Although pangasius exports to the EU in the first 4 months of the year decreased by 8% compared to the same period in 2022 and only reached 60 million USD, but compared to the same period in previous years, this figure is also worth noting.

 

The Vietnam Association of Seafood Exporters and Processors (Vasep) said that by the end of April 2023, Vietnam’s pangasius export turnover to the EU reached 60 million USD, down 8% over the same period in 2022, but up 70% over the same period in 2021 and accounting for 11% of Vietnam’s pangasius export proportion.

In April 2023 alone, pangasius exports to this market will reach 15 million USD, down 21% over the previous month and down 18% over the same period last year.

Notably, by the end of April 2023, Vietnam’s pangasius export industry will witness most markets in the EU reducing imports of this item, the lowest decline is 13%, the highest is down 30% over the same period last year.

The top 3 main markets in the block to reduce imports of Vietnamese pangasius are: the Netherlands down 22%, Belgium down 13%, Spain down 30%. Meanwhile, the German market is more positive, still recording positive growth of 78% in the first 4 months of this year.

The EU used to be Vietnam’s largest pangasius import market with sales peaking at US$511 million in 2010, accounting for 36% of Vietnam’s pangasius exports. However, in the following years, pangasius exports to this market dropped sharply due to the media campaign to smear pangasius in some European countries.

In 2022, Vietnam’s pangasius exports to the EU grew dramatically due to strong demand after a long time affected by the Covid-19 epidemic. In particular, incentives from the EVFTA Agreement promote advantages while the Russia-Ukraine conflict and a series of sanctions of countries with Russia’s economy and trade, have increased the EU’s demand for white fish imports from Vietnam.

Vasep assessed that pangasius exports to the EU in the first 4 months of this year decreased compared to the same period last year, but compared to the same period in previous years, this is also a remarkable figure in the effort to gradually bring Vietnamese pangasius back to the track after decades of being “faded”.

However, the fact that each market in the EU market has its own controls is one of the obstacles for Vietnamese seafood when exporting to the EU, including pangasius. Enterprises need to learn carefully, to be able to make the most of tariff preferences, as well as best apply the rules of origin when exporting pangasius to the EU market.

(Source: www.tinnhanhchungkhoan.vn)

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