Tridge summary
Vietnam's pangasius exports are projected to reach $2.2 billion by October, marking the fastest growth among Vietnam's seafood export industry groups. The US and China are the largest markets, accounting for 23% and 30% of exports respectively. The US import of over 104,000 tons of frozen pangasius fillets, worth over $445 million, is up 24% in volume and 91% in value from last year. The average price of frozen pangasius fillets in the US market has increased by 53% over the same period. The 'Zero Covid' policy in China has led to a lack of food and seafood, resulting in a 110% increase in pangasius exports to China. With the favorable tariffs and geographical location, Vietnam has also increased pangasius exports to CPTPP markets and some Asian countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), this is the strongest growth among the seafood export industry groups of Vietnam this year. By the end of October, it is estimated that pangasius exports will bring in $2.2 billion. Two markets with a large market share with Vietnam's pangasius exports are China accounting for 30%, the US accounting for 23%. According to statistics from the US Department of Agriculture, in the first nine months of this year, the country imported more than 104,000 tons of frozen pangasius fillets, worth over $445 million, up 24% in volume and 91% in value over the same period. last year. The average price of frozen pangasius fillets into the US market in the first nine months of this year was $4.26 per kg, up 53% over the same period in 2021. With the Chinese market, the "Zero Covid" policy makes the country lack of food and seafood. Therefore, in 10 months, the total export of Vietnamese pangasius to this market ...
Source: VNExpress
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