Vietnam: Pangasius exports increase but are not optimistic

Published 2022년 10월 18일

Tridge summary

Vietnam's pangasius exports in September 2022 saw a significant increase, doubling that of the previous year, with many markets experiencing a 2-3 fold rise in imports compared to the same period in 2021. Despite this, the September pangasius turnover was 15% lower than August. From January to September, pangasius exports reached nearly $2 billion, an 83% increase over the same period last year. The US, EU, and CPTPP bloc were the major markets for these exports. There is optimism for further increase in demand due to production restrictions and market fluctuations such as inflation and the Russia-Ukraine war, making pangasius an alternative to pollock and cod in several markets.

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

Original content

Statistics from the General Department of Customs show that Vietnam's pangasius exports in September 2022 reached US$164 million, double that of the same period last year. Many export markets increased by 2-3 times compared to the same period last year such as China, Brazil, Thailand, UK, Netherlands, Australia, Singapore... Most impressively, pangasius exports to Germany in September 2022 increased 41 times over the same period and exports to Peru increased 17 times. However, according to the analysis of Ms. Le Hang, Deputy Director of the Training Center of the Vietnam Association of Seafood Exporters and Producers, the above breakthrough growth rates are not an optimistic sign because September 2021 due to the impact of the Covid-19 epidemic, pangasius exports dropped to the lowest level. "Moreover, usually every year in September, which is about to be the peak season, there are many orders for year-end and New Year holidays, but this year, September pangasius turnover is 15% ...

Source: Haiquanonline