China has spent nearly 500 million USD importing Vietnamese pangasius in 2023
Market & Price Trends
Fresh Whole Catfish
Published Nov 23, 2023
Pangasius exports in October 2023 reached nearly $173 million, a 4% decrease compared to the same period last year. Overall, pangasius exports for the first 10 months of 2023 amounted to over $1.5 billion, a 29% decrease compared to the previous year. China and the US remain the top markets for Vietnamese pangasius, with China seeing positive growth and the US showing signs of improving consumer demand. The EU market has also increased imports, with Germany being a bright spot and the preparations for the year-end festive season expected to drive further demand. The CPTPP market segment also saw positive growth. However, businesses are advised to explore other potential markets in South America and Asia while promoting the export of other products besides frozen fillets.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
According to data from the General Department of Customs, pangasius exports in October 2023 to markets reached nearly 173 million USD, down 4% over the same period last year. Overall, in 10 months, pangasius exports reached more than 1.5 billion USD, down 29% compared to the same period in 2022. VASEP said that in October 2023, exports of live/fresh/frozen/dried pangasius products reached the highest value since the beginning of this year with more than 31 million USD, an increase of 35%, accounting for 18% of the proportion compared to the previous year. same period last year. The main export product is still pangasius fillets (except fish cakes and surimi) with sales reaching 139 million USD, down slightly by 9% in October 2023, accounting for 80% of the proportion. In addition, exports of other processed products reached more than 2 million USD. Although exports of pangasius products in October this year still decreased over the same period, they increased slightly compared to ...