Pangasius exports grow strongly in Vietnam thanks to good prices

Published 2022년 8월 10일

Tridge summary

Vietnamese pangasius exports have seen a significant increase in the first half of 2022, reaching a value of $1.4 billion, a 77% increase from the same period in 2021. This growth is primarily due to a sharp increase in the average export price. The US and China are the largest markets, accounting for 55% of the exports. The pangasius industry is expecting further growth in 2022 due to the opportunity presented by the EVFTA Agreement and the lack of white fish raw materials in the EU market. Despite challenges such as inflation and high sea freight costs, pangasius exports to the EU have seen a strong increase in mid-2022. It is projected that exports to the EU will reach over $200 million in 2022, a 90% increase from 2021.

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

Original content

Export to 136 markets Currently, more than 300 Vietnamese pangasius enterprises have exported to 136 markets, earning a value of $1.4 billion in the first half of 2022, an increase of nearly 77% over the same period in 2021. The average export price increased sharply. is the main factor that helps the export value of pangasius to markets increase sharply. According to Ms. Le Hang, Deputy Director of VASEP.PRO Center, the two markets of China and the US account for 55% of Vietnam's pangasius exports. In which, China accounted for 30% with nearly 428 million USD, up nearly 79% over the same period; The US accounted for 25% with 356 million USD, more than 2 times higher than in the first half of 2021. The strong increase in average export price is the main factor that helps the value of pangasius exports to markets increase sharply. The average export price of frozen pangasius fillets to the Chinese market in the first half of this year was $2.45/kg, up 37% from $1.79/kg in the ...

Source: Vinanet