By the first half of October 2020, the total export value of pangasius to China market – Hong Kong achieved US$ 385.9 million, decreasing by 20.6 % compared to the same period last year. Although the value decreased, the export proportion to this market accounts for 34.4% of the total pangasius export value, this year is also the first year with the most numerous pangasius companies that joined this market.
Up to now, there are more than 130 Vietnam’s enterprises promote their pangasius export to China. In which, the three biggest companies are Truong Giang Fish JSC (TG FISHERY); I.D.I International Development & Investment Corporation (IDI CORP) and Go Dang JSC (GODACO).
In this year, China – Hong Kong is still a market which imported the most various pangasius products from Vietnam such as frozen fillet fish, frozen pangasius stomach, fried/ dried fish bladder, frozen pangasius butterfly, frozen pangasius belly, chunk/ slice fillet pangasius with skin, frozen portion pangasius, spiced frozen fillet pangasius, frozen pangasius whole gutted, etc.
From the end of the 3rd quarter in 2020, importing pangasius of some big markets have been getting positive, China – Hong Kong is one of the primary markets. This partly boosted the price of raw pangasius in the Mekong Delta. At present, the price of pangasius in Dong Thap province sizes 0.7 ~ 0.8 kg/fish is from 22,000 ~ 23,000 VND/kg, increasing by 2,000 ~ 3,000 VND/kg compared to the same period last year.
The imports had been interrupted by the influence of the pandemic. As a result, tilapia and whitefish products were stagnant in the domestic market of China. River-fish farming and production of China in the first three quarters of this year was no exception. This is also the reason for a sharp decrease in China’s whitefish import compared to the other years.
According to the evaluation of Evergreen Cooperation, China’s pangasius farming in 2020 can decreas almost ½, from 32,000 tons to 18,000 tons due to a huge quantity of domestic whitefish.
China’s tilapia was taxed highly after the US – China trade war so many Chinese enterprises focused on the domestic market, they also promoted tilapia farming in some big areas. However, the quality of China’s pangasius is still not able to meet the requirement of customers in this country because of yellow fish flesh, alevin is hard to live in a cold environment. Therefore, Vietnam’s pangasius is still dominating this market.