In January 2024, Vietnam's seafood exports increased sharply

Published 2024년 2월 24일

Tridge summary

Shrimp and pangasius exports from Vietnam to China have seen a fourfold increase compared to the same period last year, with shrimp exports valued at nearly $73 million and pangasius at nearly $50 million. Other major markets such as the US, Japan, and the EU also experienced significant growth in January, with increases of 63%, 43%, and 34% respectively. Despite this growth, challenges are anticipated for 2024, including concerns about shrimp raw material sources due to off-season and epidemics, potential anti-subsidy tariffs, and high selling prices. The pangasius industry is showing slight improvements, with raw pangasius prices increasing from 25-26,000 VND/kg in 2023 to 28-29,000/kg at the beginning of 2024.

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

Original content

Particularly for the Chinese market, shrimp and pangasius exports increased 4 times compared to the same period last year. With shrimp, the export value in January reached nearly 73 million USD; Pangasius has a turnover of nearly 50 million USD. Besides China, other main markets all had strong growth in January this year compared to the same period, such as exports to the US increased by 63%, to Japan increased by 43%, to the EU increased by 34%... In January 2024, seafood exports increased sharply However, according to seafood export businesses in 2024 there are still many difficulties and challenges ahead. With the shrimp industry, there are some businesses that have more positive signs in terms of orders, but are worried about raw material sources because of the off-season and epidemics, so shrimp output is low. Concerns about the risk of anti-subsidy tariffs are also a barrier for US importers and Vietnamese exporting companies. The selling price of ...

Source: Voh