Vietnamese pangasius exports grew positively in the first 2 months of the year

Frozen Whole Catfish

Vietnam

Market & Price Trends

Published Mar 4, 2024

Tridge summary

Vietnam has seen a significant increase in its pangasius exports in the first two months of 2024, nearly doubling compared to the same period in 2023. The growth, driven by increased consumer demand in China and the US, has also led to a rise in the price of raw pangasius. Exports of pangasius are projected to reach $2 billion USD in 2024, marking a 10% increase from the previous year.

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Original content

Discussing the situation of Vietnam's pangasius exports in the first 2 months of the year, Mr. Truong Dinh Hoe - General Secretary of the Association of Seafood Exporters and Producers (VASEP) - informed that Vietnamese pangasius exports had positive growth in the past year. 2 months of 2024. Specifically, in January pangasius exports reached 165 million USD, near the end of February it reached about 200 million USD, both months increased nearly double compared to the same period last year. "In 2023, pangasius exports with sad colors show good signs in the first 2 months of the year. It comes from small markets such as England, Canada, Mexico, especially Brazil. Last year, exports to the "land of samba" The last quarter increased by nearly 80%, even the last month saw triple-digit growth. Vietnam still has a lot of room to develop more value-added products instead of just exporting frozen pangasius fillets to the market. this," Mr. Hoe said. Explaining further the reason for the ...

Source: Vov