Vietnam's pangasius exports to the US are on the rise

Published 2024년 9월 5일

Tridge summary

Vietnamese pangasius exports to the US market saw a 15% increase in the second quarter of 2023, reaching a value of 95 million USD, and Surged by 14% to nearly 160 million USD in the first half of the year, according to Vietnam Customs. April was the month with the highest pangasius export value since the beginning of the year, with nearly 38 million USD. The US is the second largest pangasius consumer market after China & Hong Kong. Demand for pangasius from Vietnam is on the rise as US consumers prefer white fish products and the average export price of pangasius to the US has been increasing gradually every month, reaching 2.99 USD/kg in June. The top five companies exporting the most pangasius to the US in the first half of 2023 were Vinh Hoan, Bien Dong Seafood, Van Duc, Tien Giang, and Can Tho Seafood, and Nam Viet.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Vietnam Customs, in the second quarter, the export value of pangasius to the US market reached 95 million USD, up 15% over the same period in 2023. Cumulative pangasius exports in the first half of this year to the US reached nearly 160 million USD, up 14% over the same period last year. In particular, April was recorded as the month of pangasius export with the highest value since the beginning of this year, with nearly 38 million USD, up 34% over the same period. Source: VASEP Some Vietnamese pangasius products favored by US consumers include: frozen pangasius fillets; frozen pangasius slices/pieces; frozen breaded pangasius; puffed pangasius jerky, fried pangasius skin to the US market. The US is the second largest pangasius consumer market after China & Hong Kong. Following the growth momentum in the first quarter, orders increased significantly in the second quarter, along with the inventory in the US market in 2023 gradually decreasing, the average export ...
Source: Vinanet

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