Huge haul in new markets for Vietnam’s tra fish exports
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).
Hanoi (VNA) – Demand for Vietnam’s tra fish (pangasius) is up in major markets,driving the export of the catfish overseas, reports the Vietnam Association ofSeafood Exporters and Producers (VASEP).
Tra fishexports are projected to surge a whopping 97 percent year-on-year in the firstfive months of 2022, reaching 1.1 billion USD.
Besidesexporting to traditional markets such as the US and Europe, seafoodexporters have expanded markets to take advantage of the new demand. Specifically, Vietnamhas trolled new fish markets in Mexico, Egypt and Thailand.
VASEP expertTa Ha said that the Mexico market has the largest export value in theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)trade bloc.
Tra fishsales to Mexico topped 50 million USD in the first five months ofthis year, an increase of 70 percent against last year’s figure.
Shipments toThailand hit nearly 50 million USD during the period, a year-on-year spike of80 percent. Vietnam exported over 15 million USD worth of tra fish to Egypt, up85 percent year-on-year.
These arepositive signs that tra fish is a favoured seafood product in these fresh newmarkets.
VASEPreports that the new Thailand market is advantageous in terms of geographicaldistance. The growing demand for tra fish imports has attracted many Vietnamesebusinesses to this Southeast Asia country. There are as many as 60 enterprises currently shipping tra fish to the Thai market.
The USremains one of the key markets of Vietnamese tra fish. It recentlylicensed six more Vietnamese pangasius processing factories to export to themarket.
Tra fishexports to the US were estimated to hit 243 million USD in the first fivemonths of this year, up 130 percent from a year earlier.
Meanwhile,two more Vietnamese enterprises have been permitted to export seafood productsto the Eurasian Economic Union (EAEU) by Russia's Federal Service forVeterinary and Phytosanitary Surveillance (FSVPS).
However,experts said that even though these moves will promote export growth, it isnecessary for enterprises to source enough tra fish for production.
Le Thanh Thuan,Chairman of the Boaꦛrd of Directors of IDI International Development andInvestment Corporation, said strong recovery of consumer demand has made it difficult for manufacturers to fill orders in recent months. They are operating at fullcapacity to meet the sharp increase in orders.
Currently, the corporation hasfull orders until the end of the second quarter, he said, adding that it has begunstockpiling fish for the revival of such big markets as Mexico and Brazil./.
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).
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.
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 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.
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Tra fish processing for export (Photo: VNA) 
