Vietnam's pangasius exports hit a two-year high in October and the demand for stocking in the Chinese market has increased significantly

Published 2024년 11월 24일

Tridge summary

Vietnam's pangasius exports in October reached a two-year high, with a significant increase in both export value and volume. The total export volume in October was 90,207 tons, a year-on-year increase of 17% and a month-on-month increase of 25%, generating approximately US$202 million in sales. All major export destinations experienced growth, with the market performing well in Mainland China and Hong Kong, the US, ASEAN, the EU, Brazil, and the UK. The supply of pangasius in Vietnam has tightened due to depleted raw material stocks and the rainy season, leading to a rise in prices. The trend is expected to continue, with exports likely to remain high in November but possibly decline in December. VASEP predicts that Vietnam’s pangasius exports may exceed US$2 billion by the end of 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In October, Vietnam's pangasius exports rebounded significantly, reaching a two-year high. Driven by growing market demand and rising prices, both export value and export volume achieved breakthroughs. According to the Vietnam Association of Seafood Exports and Producers (VASEP) According to data, the total export volume of pangasius in October was 90,207 tons, a year-on-year increase of 17% and a month-on-month increase of 25%. Sales in October reached approximately US$202 million (approximately RMB 1.47 billion), and the cumulative export volume from January to October was approximately 1.7 billion US dollars (approximately RMB 12.38 billion), a year-on-year increase of 9%. In terms of market performance, all major export destinations achieved growth. Mainland China and Hong Kong markets grew by 35%, the US market grew by 17%, ASEAN grew by 41%, the EU grew by 11%, Brazil grew by 27%, and the UK grew by 23%. Among them, 10 In March, 32,439 tons of pangasius were exported to ...
Source: Foodmate

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