Vietnamese pangasius exports in August 2024; demand and export prices continue to recover

Published 2024년 10월 3일

Tridge summary

Pangasius exports have seen positive growth in several markets, including the US, CPTPP, Brazil, Thailand, and Colombia, with China and Hong Kong being the largest consumption markets. Despite a slight decrease of 2% in the total export value to China, the export value to the US has increased by 40% in August 2024, reaching more than 35 million USD. Brazil is the third largest market for Vietnamese pangasius, with a total export value of 77 million USD in August 2024, marking a 28% increase year-on-year. The pangasius export industry is expected to reach or exceed its target of 2 billion USD, driven by recovering demand and export prices.

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

Original content

Regarding consumption markets, pangasius exports to some markets continued to record positive double-digit growth, such as the US, CPTPP, Brazil, Thailand, Colombia, etc. China and Hong Kong are still the largest consumption markets for Vietnamese pangasius in August 2024, reaching more than 57 million USD, up 9% over the same period in 2023. By the end of August 2024, the total export value of pangasius to this market reached 370 million USD, down slightly by 2% over the same period last year. Pangasius exports to the US in August 2024 reached more than 35 million USD, an increase of 40% compared to August 2023. August 2024 also recorded the second highest export value to this market in the year (after April 2024 with more than 37 million USD). Pangasius export value to the US in the first 8 months of this year reached 226 million USD, an increase of 23% over the same period last year. The recovery of the US market is considered a lever for the growth of pangasius exports, ...

Source: Vasep