News

Vietnam: Pangasius exports aim to reach 2 billion USD in 2024

Frozen Whole Catfish
Seafood
Vietnam
Market & Price Trends
Published Jan 25, 2024

Tridge summary

In December 2023, Vietnam saw a 5% increase in pangasius export turnover, reaching over 158 million USD, compared to the same period in 2022. Despite a 20% decrease in exports, China and Hong Kong remained the largest import markets. The US, after 11 months of decline, recorded a positive growth of 21% in December 2023. However, the CPTPP market block saw a 24% decrease in pangasius imports from Vietnam in 2023. The pangasius industry aims to achieve an export turnover of 2 billion USD in 2024.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Vietnam's pangasius export turnover to markets in December 2023 reached more than 158 million USD, an increase of 5% over the same period in 2022. This is also the second consecutive month that pangasius export value recorded an increase in 2023 is full of difficulties. Regarding export markets, in 2023, China & Hong Kong will continue to be the largest import markets for pangasius from Vietnam. In 2023, pangasius exports to China & Hong Kong will reach nearly 573 million USD, down 20% over the same period in 2022. This market has increased imports of pangasius products since September 2023 and continuously recorded positive growth in the following 2 months. However, in December 2023, pangasius export turnover to China decreased slightly by 2%, causing total exports to China & Hong Kong to decrease by 0.4% compared to the same period in 2022. According to statistics from Seafood Guide, in the first 11 months of 2023, China imported about 154 thousand tons of pangasius, down 35% ...
Source: Vietstock

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