Vietnam: Pangasius exports bring in more than 2.2 billion USD, with a market growth of up to 200%

It is estimated that by the end of October, pangasius exports will bring in over $2.2 billion. In particular, in October 2022 alone, pangasius exports were estimated at US$218 million, up 60% over the same period in 2021. In 2022, inflation and the Russia-Ukraine conflict have helped pangasius, a meat fish species. This moderately priced white significantly increased export sales to other markets. Most of the markets have increased from 40 to 200% of Vietnam's pangasius imports. The two markets that dominate Vietnam's pangasius export trend are China accounting for 30%, the US accounting for 23%. After a hot increase in the first half of the year, increased inventories and congestion at import ports reduced US demand. According to statistics from the US Department of Agriculture, in the first nine months of this year, this country imported 104.5 thousand tons of frozen pangasius fillets, worth US$445.2 million, up 24% in volume and 91% in value compared to the previous year. with ...