A fish species from Vietnam suddenly became popular in China, with export growth of up to 111%

Published 2022년 10월 23일

Tridge summary

Vietnam's pangasius exports in September 2022 saw a significant increase, reaching $164 million, which is double the amount from the same period last year. The exports experienced a surge in various markets, with Germany and Peru seeing the most notable increase. From January to September 2022, pangasius exports reached nearly $2 billion, marking an 83% increase over the same period last year. However, despite this growth, it is not viewed optimistically as it follows a period of low exports due to the Covid epidemic. The market for pangasius experienced a 15% decrease in September compared to August, with some markets showing a decrease in imports. The US, EU, and CPTPP bloc are significant markets for pangasius exports, accounting for 23%, 8%, and 13% of the total exports, respectively. Experts predict that demand may recover and stabilize the price of pangasius exported to markets, potentially allowing pangasius exports in 2022 to reach a record of $2.5 billion, a 54% increase from 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to information from the Vietnam Association of Seafood Exporters and Producers, citing statistics from Customs, Vietnam's pangasius exports in September 2022 reached $164 million, double the same period last year. . In particular, pangasius exports to many markets increased by 2-3 times compared to the same period last year such as China, Brazil, Thailand, UK, Netherlands, Australia, Singapore... Most impressively, pangasius exports to Germany in September 2022 increased 41 times over the same period and exports to Peru increased 17 times. In the first 9 months of the year, the country's pangasius exports reached nearly 2 billion USD, up 83% over the same period last year. In which, frozen pangasius fillets/cuts with code 0304 reached over 1.7 billion USD, accounting for 87%, fresh pangasius with code 03 accounted for 12%, reaching 235 million USD, the rest were fish products. processing and processing accounted for 2% with 138 million USD. However, according to Ms. Le ...

Source: Danviet