Vietnam's pangasius export industry has faced significant hurdles due to global economic slowdowns, inflation, and trade tensions. Major markets like the U.S., EU, and China have reduced imports, leading to decreased demand. In the U.S., high inflation and substantial inventories have caused a nearly 60% drop in Vietnamese pangasius exports in early 2023 compared to the previous year
Despite these challenges, there are positive signs. The U.S. Department of Commerce's preliminary results from the 19th administrative review (POR19) showed reduced anti-dumping duties for Vietnamese exporters. This development is expected to enhance the competitiveness of Vietnamese pangasius in the U.S. market.
Furthermore, the U.S.'s imposition of additional tariffs on Chinese seafood imports presents an opportunity for Vietnamese exporters to fill the supply gap.
In China, while exports have declined due to economic challenges, the rate of decrease is slowing, indicating potential for recovery. The EU market also shows promise, with pangasius exports expected to rebound in the latter half of the year as economic conditions stabilize.
Administrative delays, such as the 90-day temporary tax refund period, continue to strain exporters' cash flows. However, with strategic market diversification and leveraging favorable trade developments, the Vietnamese pangasius industry remains hopeful for a resurgence in exports.
For a detailed analysis, refer to the original article on VASEP's website.
