Vietnam’s catfish exports are expected to reach US$2 billion this year

Frozen Whole Catfish

Seafood

Vietnam

Market & Price Trends

Published Mar 19, 2024

Tridge summary

Vietnam's seafood exports are seeing a significant rise, particularly in catfish, which has seen a 97% increase year-on-year to US$165 million. The Vietnam Association of Seafood Exporters and Producers (VASEP) anticipates catfish exports to reach US$2 billion this year, with China and the United States being the primary markets. Despite a slight market share drop in some areas, growth opportunities are identified in Mexico, Canada, Brazil, and the UK. Vietnam also stands as the main white fish supplier to Brazil and the sixth largest to Germany.

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.

Original content

Catfish became the best-performing species, with exports worth US$165 million, a year-on-year increase of 97%. The Vietnam Association of Seafood Exporters and Producers (VASEP) estimates that catfish exports are expected to reach US$2 billion this year, with China and the United States being the main export destinations. Although Vietnam's market share has declined slightly in some key markets, destinations such as Mexico, Canada, Brazil and the United Kingdom offer export growth opportunities. Vietnam is the main supplier of white fish to Brazil, according to the International Trade Center (ITC), and VASEP has also identified Germany as another lucrative market for Vietnamese catfish. Last year, Vietnam’s catfish export value to Germany was US$38 million, a year-on-year ...

Source: Foodmate