Vietnamese pangasius exports to Germany are unstable in 2024

Published 2024년 4월 8일

Tridge summary

In January 2024, Vietnamese pangasius exports to the EU experienced a notable 20% increase from the previous year, totaling 13 million USD and making up 7.8% of Vietnam's overall pangasius exports. The Netherlands led as the primary EU consumer, with Spain, Germany, Belgium, and Poland also being significant markets. Despite this overall growth, Germany saw a substantial 60% decrease in imports in early February 2024 compared to the same timeframe in 2023, leading to a 42% drop in cumulative exports to Germany by February 15, 2024. This decline is linked to unpredictable export turnover and anticipated economic difficulties in Germany for the year 2024.

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

Original content

Germany ranked 3rd in importing Vietnamese pangasius in the EU. In January 2024, Vietnamese pangasius exports to the EU market reached 13 million USD, up 20% over the same period last year, accounting for 7.8% of the total exports to markets. In particular, the Netherlands continues to be the market that consumes the most pangasius in the EU, with 4 million USD, an increase of 16% over the same period in 2023. Behind the Netherlands, Spain, Germany, Belgium, and Poland are the main markets for importing a lot of Vietnamese pangasius in the EU. Notably, pangasius exported to some single markets in the bloc recorded 3-digit growth, including Hungary, which increased 4 times; Slovenia, Spain, and France increased about 2.5 times; and Italy increased 2 times compared to January 2023. Also, according to Vietnam Customs data, in the first half of February this year, Germany only bought less than 700,000 USD of pangasius from Vietnam, down 60% compared to the same period in 2023. As of ...

Source: Vasep