Vietnam accounts for 42% of the world's pangasius production.

Published 2024년 11월 19일

Tridge summary

The Ministry of Agriculture and Rural Development of Vietnam predicts that the country's pangasius production will remain steady at 1.6 million tons in 2024. Despite pangasius export revenue reaching $1.56 billion as of October 15, growth is limited by competition from other fish species and countries. The Department of Fisheries suggests that pangasius businesses should focus on quality and branding to maintain competitiveness. Factors contributing to high production costs include the quality of parent fish and the low survival rate of fish. The Vietnam Association of Seafood Exporters and Producers (VSEP) has observed shifts in the pangasius export market, with China's share falling and the US market growing.

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Original content

According to the report of the Ministry of Agriculture and Rural Development, the output of pangasius in 2024 is estimated at 1.6 million tons, equivalent to the previous year. As of October 15, pangasius export turnover reached 1.56 billion USD, up 8.9% over the same period in 2023, but the growth rate is uneven due to fierce competition from other countries and white fish products. According to the Department of Fisheries, Vietnamese pangasius accounts for 42% of global pangasius output, while India, China, and Bangladesh account for 15-21%. Indian pangasius output is increasing, but the fish size is very small, mainly for domestic supply. Similarly, China has been raising pangasius for more than 7 years, maintaining an annual output of about 1.4 million tons, mainly for domestic use. However, this also means that they will reduce imports. Indonesia alone has low output but has exported to the Middle East market with its own brand and is building its reputation. In addition, ...

Source: Agriculture