Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo: VASEP/FIS

Vietnamese pangasius enterprises increase exports of value-added products to China

Click on the flag for more information about Viet Nam VIET NAM
Friday, December 08, 2023, 07:10 (GMT + 9)

Vietnamese pangasius export companies are developing more value-added products such as breaded and seasoned fish to the Chinese market to capture retail sales opportunities. and supermarkets are growing in China after the Covid-19 pandemic.

Vietnamese pangasius exporters are researching and developing more value-added pangasius products including breaded and seasoned fish to seek more opportunities in this market.

At the China Fisheries and Seafood Exhibition (CFSE), Head of Export Sales Department of Go Dang Joint Stock Company (GODACO) said that the company is shifting its focus and focusing mainly on added value products, breaded and seasoned. spices and other products from pangasius. Value added products currently account for 10-20% of GODACO's revenue and are expected to increase to 30% in the future. GODACO mainly exports pangasius fillets to Europe, North America, South America and the Middle East. In addition, the company also exports value added products to Japan, Korea, Singapore and Malaysia.

Compared to other seafood, the global pangasius market has recovered more slowly after COVID-19, but sales are expected to improve. Value-added pangasius products need to be introduced and advertised continuously to create tastes and habits for consumers in this country of billions of people.

Industry experts affirm that the demand for high-quality fish fillets still has room to grow significantly in China, despite the decline in Vietnamese pangasius imports in the first three quarters of 2023. According to Chinese Customs By the end of September 2023, this market had consumed 127,000 tons of frozen pangasius, worth 264 million USD.

Mr. Chen, General Director of Octogone distributor in China of Vinh Hoan Joint Stock Company, said that high quality pangasius still has an advantage in China, with explosive growth potential if raw materials are replaced in the way of production. Processing. Some popular pangasius dishes in China include: pangasius cooked with Sichuan pickles, Sichuan pickles or grilled fish, hot pot.

The Chinese pangasius market began to recover from July 2023 and increased continuously in August and September. This growth comes from increased demand for food during student summer vacations and restrictions. regarding the pandemic are relaxed. Pangasius sales in the food service industry are also recovering. Clearly, pangasius consumption remains stable, but the challenge of selling out higher priced inventory from last year caused profits to decrease significantly.

According to data from Vietnam Customs, in the first half of November 2023, Vietnamese pangasius exports to China & Hong Kong reached nearly 20 million USD, up 37% over the same period last year. As of November 15, 2023, the Chinese & HK markets imported more than 510 million USD of pangasius from Vietnam, down 22% over the same period last year. This market is showing signs of positive growth in the last quarter of this year. Pangasius export turnover to China & HK continues to maintain positive growth momentum throughout November 2023.

Author/Source: Thu Hang /VASEP (using UnderCurrentNews material) | Translated from original in Vietnamese

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Russian Federation
Feb 26, 07:00 (GMT + 9):
Russia to Subsidize Rail Transport for Salmon and Sardines
Argentina
Feb 26, 05:00 (GMT + 9):
The Chinese fleet in South American waters, a challenge for sustainability and sovereignty
Turkey
Feb 26, 02:00 (GMT + 9):
Turkish tuna farmers tripled exports to Japan over past decade
Japan
Feb 26, 01:00 (GMT + 9):
Japan diversifying seafood export destinations after China ban
Iceland
Feb 26, 01:00 (GMT + 9):
Release of Financial Statements 2023 for Brim hf.
Viet Nam
Feb 26, 01:00 (GMT + 9):
Vietnam Shrimp Exports Forecast to Rise 10-15% in 2024
United Kingdom
Feb 26, 01:00 (GMT + 9):
PFA and Cefas maximise collaboration through signed MoU
Japan
Feb 26, 00:40 (GMT + 9):
Landing and auction price for Mackerel │ Main ports | 2021-22-23-24
North Korea
Feb 26, 00:30 (GMT + 9):
IN BRIEF - Inside North Korea's Forced-Labor Program
Japan
Feb 26, 00:30 (GMT + 9):
IN BRIEF - Japan to Continue Urging China to Lift Fishery Ban; Prepared for Talks Over Treated Water to Be Prolonged
Malaysia
Feb 26, 00:10 (GMT + 9):
IN BRIEF - Aquaculture industry production almost surpasses MYR4B in 2023
United Arab Emirates
Feb 26, 00:10 (GMT + 9):
IN BRIEF - New Delhi ready to negotiate hard on public stockholding of food and fisheries subsidies at Abu Dhabi WTO conference
Spain
Feb 26, 00:10 (GMT + 9):
IN BRIEF - Andalusia grants 9.6 million in aid to finance 50 R&D projects in marine sciences
Spain
Feb 25, 23:00 (GMT + 9):
IN BRIEF - Astilleros de Bermeo builds a new fishing vessel for the Armintza fleet
Nicaragua
Feb 25, 22:00 (GMT + 9):
IN BRIEF - Fishing and aquaculture among the seven economic activities that lead growth in Nicaragua



Lenguaje
FEATURED EVENTS
  
TOP STORIES
USDA Purchases Wild Alaska Salmon and Pollock
United States USDA Releases Bids to Purchase Over 1.7 Million Cases of Canned Wild Alaska Salmon and 15 Million Pounds of Wild Alaska Pollock         Ver esta publicaci...
Indian Ocean squid price index: Flying squid (Ommastrephes bartramii)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Thai Union Q4 sales rose 4.8% quarter-on-quarter to USD 987.96 M, from strong frozen and petcare rebound
Thailand Thai Union Group PCL reported its highest sales for 2023 in the fourth quarter, with a 4.8 percent quarter-on-quarter increase to THB 35.5 billion (USD 987.96 M), driven by a strong rebound in the Fro...
China imported 262 thousand tons of fishmeal from Vietnam
Viet Nam In 2023, China imported 1.65 million tons of fishmeal from countries around the world, down 9% compared to 2022. Of which, China imported nearly 262 thousand tons of fishmeal from Vietnam with a value...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER