The demand for basa fish in the Chinese market is stable, and competition is fierce.

After a brief period of weakness in the third quarter, the competitive pressure on Vietnamese basa fish in the Chinese market is significantly increasing. Due to export restrictions, Chinese tilapia is being accelerated for domestic sales. After the meeting between the leaders of China and the United States on October 30, the U.S. reduced the import tariff on Chinese tilapia from 55% to 45% and suspended new retaliatory tariffs until November 2026. Although the tariff rate remains high, it is enough to prompt Chinese companies to prioritize domestic sales, intensifying the head-to-head competition with Vietnamese basa fish in the mid-to-low price market. Currently, Vietnamese frozen basa fish fillets still maintain their dominant position in the Chinese market due to their low prices, and the low logistics costs brought by geographical advantages, allowing Vietnamese enterprises to maintain an advantage over competitors from Southeast Asia and South America. However, industry ...