Vietnam: In 2022, pangasius exports may reach a record $2.5 billion

Published 2022년 11월 9일

Tridge summary

Vietnam has seen a significant increase in pangasius exports, with market growth of 40 to 200% despite inflation and the Russia-Ukraine conflict. The exports are projected to surpass $2.2 billion by the end of October, with a 60% increase in October compared to the same period last year. The United States and China are the primary markets, with China accounting for 30% and the US for 23% of imports. The war in Ukraine and a decrease in seafood supply from Russia have led to a rise in pangasius imports, positioning Vietnam as the second largest white fish supplier to the US market after China.

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

Original content

Information from the Association of Seafood Exporters and Producers (VASEP), this year, inflation as well as the conflict between Russia and Ukraine have helped pangasius - which is a white fish with moderate prices. right - sharply increase the number of exports to many markets around the world. Notably, most of Vietnam's pangasius import markets recorded an increase in the range of 40 to 200%. VASEP estimates that by the end of October this year, pangasius exports can bring in more than 2.2 billion USD. If counted in October alone, pangasius exports can increase by 60% over the same period last year and reach 218 million USD. Regarding this issue, VASEP commented: "With the results achieved in the first 10 months of the year, it is expected that pangasius exports in 2022 will reach over $2.5 billion, up 58% compared to the previous year." . In recent years, the two markets that dominate Vietnam's pangasius export trend are China and the US, of which China accounts for 30% and ...

Source: Tbck