China spends US$21mn importing Việt Nam's pangasius fish maws

Published 2024년 10월 2일

Tridge summary

China imported 21 million USD worth of pangasius maw from Vietnam by the end of August, making it the largest buyer of the product, with a total export turnover of 58 million USD reached by the end of August 2024. The product, which includes dried fish maw and fish skin snacks, is popular both as a delicacy and a symbol of wealth in China. The price range for fish maw in China is US$450 to US$1,000 per kilogram. Due to supply shortages from Mexico, China has increased its purchases of pangasius maw from Vietnam, with 12 Vietnamese companies supplying the product. However, Vietnam's potential for exporting dried fish bladder is limited by a lack of input materials.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of August, China imported 21 million USD worth of pangasius maw from Vietnam. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), value-added pangasius products, including dried fish maw and fish skin snacks, are increasingly popular with international consumers. By the end of August 2024, the export turnover of dried pangasius maw had reached 58 million USD, of which China was the largest buyer. In the first 8 months of this year, the country imported 21 million USD of this product, accounting for 36% of the total export value of this item from Vietnam. Currently, there are 12 Vietnamese companies supplying goods to the Chinese market. Over the past two years, China has increased its purchases of this food to make up for the shortage of supply from Mexico, helping to increase revenue for many Vietnamese businesses. VASEP said: “Fish maw is not only a ...

Source: WTOCenter