Vietnam's pangasius value-added products exports to China expected to grow strongly

According to the latest report of the Vietnam Association of Aquatic Products Exporters and Processors (VASEP), Vietnam's pangasius exports are expected to reach US$544 million in the third quarter of 2024, an increase of nearly 14% year-on-year. In the first nine months of 2024, the total export value of pangasius reached US$1.46 billion, an increase of 8% year-on-year. Among them, although the export proportion of processed pangasius products is relatively small, its growth rate is astonishing, up to 42%. The export of frozen whole pangasius increased by 24%, while the export of frozen pangasius fillets and cuts increased slightly by 4%. Overall, the export situation of pangasius in the first nine months of 2024 is relatively optimistic, and the export value continues to show an upward trend. According to Vietnamese customs data, some major markets experienced a slight decline in the first half of September 2024. Exports to the Chinese mainland and Hong Kong markets fell by 19%, ...