It is likely that the export of Pangasius to the EU will continue for a long time

Published 2020년 6월 12일

Tridge summary

The European Union (EU) has fallen to the fourth largest market for pangasius exports from Vietnam, due to a decrease in export value to the bloc. The Netherlands is the largest pangasius market within the EU. The covid-19 pandemic and a delay in the largest pangasius export market, China, have led to a decrease in material prices. In the first five months of the year, the Netherlands, Germany, Spain, and Belgium were the largest pangasius export markets for Vietnamese enterprises. However, the COVID-19 epidemic continues to negatively impact the EU economy, which is expected to decline by 7.75% in 2020, potentially further affecting pangasius exports to the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to vasep.com.vn Until now, the EU has dropped to the fourth position in the top 5 largest pangasius export markets of Vietnam (after China - Hong Kong, USA and ASEAN). In the first 5 months of this year, pangasius export value to EU markets decreased continuously. The Netherlands is the largest pangasius export market in the bloc and is the largest import market of pangasius products. The price of frozen tra catfish to the Netherlands decreased from 2.94 USD / kg (QIV / 2019) to about 2.67 USD / kg (QI / 2020). Earlier this year, the import demand slowed down, and Covid-19 epidemic impacted on pangasius export activities to this market, the strongest since March 2020. Pangasius material prices in the country decreased due to the general trend when the largest pangasius export market of Vietnam, China, was delayed. This led to a decrease in pangasius export value to the EU. In 2019, the EU's import structure of white-skinned fish continues to give much favor to ...

Source: AgroInfo.vn