Vietnam: Seafood exports in the first 11 months of 2023 decreased by 19% over the same period, and pangasius lost its monopoly position

Published Dec 13, 2023

Tridge summary

In November 2023, exports of major aquatic products including shrimp, tuna, pangasius, squid, octopus, and other marine fish increased compared to the same period last year, while shellfish exports decreased. Pangasius exports reached nearly 1.7 billion USD, which is 26% lower than the same period last year. Meanwhile, shrimp exports are estimated to reach 3.15 billion USD, down 22% over the same period last year. Despite the decrease in exports, there are positive signs in some markets for both pangasius and shrimp products.

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

Original content

Analyzing each product, VASEP said that in November 2023, exports of major aquatic products were higher than the same period last year. Of which, shrimp increased by 4%, tuna increased by 26%, pangasius increased by 12%, squid and octopus increased by 3%, and other marine fish increased by 4%. As for shellfish exports, the turnover is still lower than the same period, PANA FISH AND SHRIMP EXPORTS DECREASED STRONGLY By the end of November 2023, pangasius exports have reached nearly 1.7 billion USD, still lower 26% over the same period last year. The average price of pangasius exports decreased in main markets, especially the US and China, pulling the value of pangasius exports lower than in 2022. However, pangasius exports are showing more positive signs. in some markets of China, Mexico, Canada, Brazil, England... In addition to the main product which is pangasius fillets, by-products such as dried pangasius bladder and pangasius patties are of interest to many markets such as the ...

Source: Vinanet