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    Home > Food News > Food Articles > In the third quarter, the export of pangasius from Vietnam continued to decline, and sales in China shrank by more than 70%

    In the third quarter, the export of pangasius from Vietnam continued to decline, and sales in China shrank by more than 70%

    • Last Update: 2021-11-01
    • Source: Internet
    • Author: User
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    Since the third quarter of 2021, the export volume of pangasius from Vietnam has declined month by month
    .
    According to statistics, the export volume in July this year was about 60,000 tons, in August it fell to 40,000 tons, and in September it dropped to 36,000 tons.
    The year-on-year decline in exports in September was as high as 54%
    .
    Among them, the Chinese mainland and Hong Kong markets experienced the most serious contraction.
    The sales volume in September was 8,538 tons, a year-on-year decrease of 75% and a month-on-month decrease of 33%
    .
    The source said that although the prices sold to China have risen, the actual demand is very weak, mainly because the Chinese authorities have adopted strict measures to control the spread of the epidemic
    .
    Sales in the EU and Southeast Asia are also accelerating
    .
    Demand in the US market is stable, and price increases have not severely restricted sales
    .
       According to statistics from Vinh Voan, Vietnam’s largest pangasius exporter, the company’s pangasius business revenue in September increased by 36% year-on-year to VND 407.
    1 billion.
    Sales in the US market increased significantly by 79% year-on-year, and the EU increased by 11%.
    The Chinese market was down 38% year-on-year
    .
       Compared to August, Eternal Group’s September pangasius exports fell by 1% month-on-month.
    The US market increased by 17% month-on-month, the European Union fell 21% month-on-month, China fell 12% month-on-month, and the decline in sales in China and the EU was partly compensated by the US market
    .
       Tam Nguyen, CEO of Yonghuan Group, said: "Since September, Vietnam's new crown epidemic control has not been cancelled or completely relaxed
    .
    All processing plants have been restricted, and production capacity has been reduced to 20% to 50% of the normal period
    .
    "Export   Among them, the Chinese mainland and Hong Kong markets experienced the most serious contraction.
    The sales volume in September was 8,538 tons, a year-on-year decrease of 75% and a month-on-month decrease of 33%
    .
    China   The source said that although the prices sold to China have risen, the actual demand is very weak, mainly because the Chinese authorities have adopted strict measures to control the spread of the epidemic
    .
    Sales in the EU and Southeast Asia are also accelerating
    .
    Demand in the US market is stable, and price increases have not severely restricted sales
    .
       According to statistics from Vinh Voan, Vietnam’s largest pangasius exporter, the company’s pangasius business revenue in September increased by 36% year-on-year to VND 407.
    1 billion.
    Sales in the US market increased significantly by 79% year-on-year, and the EU increased by 11%.
    The Chinese market was down 38% year-on-year
    .
       Compared to August, Eternal Group’s September pangasius exports fell by 1% month-on-month.
    The US market increased by 17% month-on-month, the European Union fell 21% month-on-month, China fell 12% month-on-month, and the decline in sales in China and the EU was partly compensated by the US market
    .
       Tam Nguyen, CEO of Yonghuan Group, said: "Since September, Vietnam's new crown epidemic control has not been cancelled or completely relaxed
    .
    All processing plants have been restricted, and production capacity has been reduced to 20% to 50% of the normal period
    .
    "
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