Vietnam pangasius exports aim to reach 2 billion USD in 2024

Frozen Whole Catfish

Seafood

Vietnam

Market & Price Trends

Published Feb 1, 2024

Tridge summary

Vietnam's pangasius exports in December 2023 saw a 5% increase from the previous year, reaching over 158 million USD. Despite a 20% decrease in exports to China and Hong Kong, they remained the largest import markets. The US market showed a positive growth of 21% after nearly a year of decline. However, the CPTPP market saw a 24% decrease in imports from Vietnam. Despite these challenges, Vietnamese pangasius products were exported to 146 countries. The 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% of proportion over the same period in 2022. This is also the second consecutive month that pangasius export value recorded an increase in 2023. Regarding export markets, in 2023, China & HK had continued to be the largest import markets for pangasius from Vietnam. In 2023, pangasius exports to China & HK had reached nearly 573 million USD, down 20% compared to the same period in 2022. This market had increased imports of pangasius products since September 2023 and continuously recorded positive growth in the 2 consecutive months. However, in December 2023, pangasius export turnover to China decreased slightly by 2%, causing total exports to China & HK to decrease by 0.4% compared to the same period in 2022. According to China custom statistics, the first 11 months of the year In 2023, China imported about 154 thousand tons of pangasius, down 35% over the same ...

Source: Vasep