Export of Vietnamese pangasius to Russia decreased in the first two months of the year

Published 2023년 4월 12일

Tridge summary

The article highlights a mixed trend in pangasius imports, with some markets showing positive growth while others, including Russia, have seen declines. The decrease in pangasius exports to Russia, by 40% in February 2023 compared to the same period last year, is attributed to the conflict between Russia and Ukraine, which has disrupted global trade. Despite the decline, Vietnamese pangasius remains the market leader in Russia. The article also mentions that pangasius prices have fallen due to inflation and a decrease in demand. Furthermore, the Russian market is experiencing a slowdown in food price inflation, which is expected to negatively impact seafood prices in the future.

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

Original content

According to the trend, only a few markets maintained positive growth in pangasius imports, such as Germany, Saudi Arabia and the UK, while most major markets saw declines, including Russia. In February 2023, pangasius exports to the Russian market reached almost $2 million, which is 40% less than in the same period last year (equivalent to $3 million), and accounted for 1% of the total value of Vietnamese pangasius in other markets. . In the first two months of 2023, the supply of Vietnamese pangasius to the Russian market amounted to almost $2.5 million, which is 53% less compared to the same period in 2022 and accounted for 1.4% of the total value of Vietnamese pangasius exports to markets. The share of the Russian market in the first 2 months of this year increased more than in the same period last year (only 1%). Even though pangasius prices have declined, inflation has reduced demand and import prices have declined. The conflict between Russia and Ukraine since the end of ...

Source: Fishretail