Vietnam’s pangasius exports to China reach its peak in June since the early year

Published 2024년 8월 1일

Tridge summary

China and Hong Kong are the largest consumers of Vietnamese pangasius, contributing 28% to Vietnam's total export value. In June 2024, exports to these markets reached nearly $56 million, a 16% increase from June 2023. Frozen pangasius fillets, particularly popular, saw an 8% increase, totaling $36 million. Despite a 17% decline in the first half of 2024, frozen fillet exports still made up 61% of total pangasius exports to these regions. Other pangasius products also grew, with dried and other frozen products reaching nearly $100 million, an 11% increase. Although the average export price decreased by 7%-18%, export volume grew by 34% due to strong Q2/2024 performance. China's slowing economy has led consumers to prefer cheaper products like pangasius over domestic fish species. Top exporters to China include Truong Giang, Dai Thanh, Nam Viet, Hung Ca 6, and I.D.I Corp.

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

Original content

China and Hong Kong continue to be the largest consumers of Vietnamese pangasius, contributing 28% to the total value of Vietnam's exports to all markets. In June 2024, the export value of Vietnamese pangasius to China and Hong Kong reached the highest level since the beginning of the year, at nearly $56 million, up 16% compared to June 2023. Consumers in this market tend to prefer frozen pangasius fillet products from Vietnam, with over $36 million consumed in June 2024, up 8% compared to the same period in 2023. In Q2/2024, exports of frozen pangasius fillet (HS 0304) to China and Hong Kong reached $92 million, up 1% compared to the same period in 2023. In the first half of this year, exports of frozen pangasius fillets to China and Hong Kong reached over $158 million, down 17% compared to the same period, accounting for 61% of the total pangasius exports to this market. In addition, exports of other pangasius products to China and Hong Kong also underwent significant growth. ...

Source: Vasep