Vietnam’s pangasius exports are expected to resume growth in 2024

Published Jan 3, 2024

Tridge summary

Despite the impact of economic fluctuations and reduced consumer demand, Vietnam's pangasius exports are expected to resume growth in 2024 due to positive signs in markets such as China, Mexico, Canada, Brazil, and the United Kingdom. Although the export value of Vietnamese pangasius decreased by 27% in 2023, the market demand is expected to increase, with the European Union market being a potential highlight. The pangasius industry aims to reach 1.7 million tons of commercial production and $2 billion in exports in 2024, with expected increases in imports from traditional markets like China.

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

Original content

World economic fluctuations and reduced consumer demand have had a strong impact on the processing and export of Vietnamese pangasius. However, judging from the overall situation in the past three years, Vietnam's pangasius exports will grow in 2024. There are positive signs Although Vietnam's pangasius exports will face many difficulties in 2023, and consumer demand in the market, especially in the European and Chinese markets, has dropped significantly. However, experts believe that currently, Vietnam's pangasius exports are showing many positive signs, and Vietnam's pangasius exports are expected to resume growth in 2024. Ms. Le Heng, media manager of the Vietnam Association of Aquatic Products Processing and Exporting (VASEP), said that currently, there are more positive signs in Vietnam’s pangasius exports in markets such as China, Mexico, Canada, Brazil, and the United Kingdom. In addition to major products such as pangasius fillets, , Vietnamese by-products such ...

Source: Foodmate