Vietnam's pangasius exports may only reach 1.8 billion USD in 2023

Published 2023년 12월 27일

Tridge summary

In 2023, Vietnam's pangasius import markets decreased, with China, the US, and the EU all seeing significant declines. While some markets like Germany, England, Brazil, and Saudi Arabia grew, they only made up a small portion of the overall market. The decline in the pangasius industry is attributed to political instability, global inflation, decreased demand for seafood products, export difficulties, and low inventory.

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

Original content

In 2023, Vietnam's pangasius import markets all tended to decrease. Of which, China decreased by nearly 22%, the US decreased by over 53%, and the EU decreased by over 17%. Although markets like Germany, England, Brazil, and Saudi Arabia grew positively over the same period in 2022, they only accounted for a small proportion. It is estimated that in 2023, the country's pangasius farming area reached about 5,700 ha, with pangasius output of 1.6 million tons, and pangasius export turnover reached 1.8 billion USD, equivalent to 75% of the same period in 2022. The decline in the pangasius industry in 2023 is due to political instability and global inflation, resulting in decreased demand for ...

Source: Vasep