Vietnam's pangasius exports to China grow strongly

Published 2024년 6월 27일

Tridge summary

Vietnamese pangasius exports experienced an 8% month-on-month and 46% year-on-year increase in May, reaching 83,394 tons, with China and Hong Kong, China, driving the growth. Despite this, the average export price fell by 2% to $2.13 per kilogram. The export value to China and Hong Kong also surpassed 29,000 tons for the first time since February. However, exports to the US, EU, and Brazil decreased. The Vietnam Association of Aquatic Products Exporters and Processors (VASEP) reported that the total export value of pangasius in May was $167 million, marking a 5% year-on-year increase.

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

Original content

According to the latest data, the export volume of Vietnamese pangasius products in May increased by 8% month-on-month and 46% year-on-year to 83,394 tons. This marks the third consecutive month of growth. "Exports to the largest markets, China and Hong Kong, China, continued to grow by 20%, significantly driving the growth this month," the report said. In addition, exports to the ASEAN market (+7%), Mexico (+15%) and the United Kingdom (+33%) also increased. At the same time, exports to the US market decreased by 1% as expected. Exports to the EU and Brazil decreased by 6% and 18% respectively. Regarding the recovery of the Chinese market, the consulting company pointed out: "In Chinese retail stores, pangasius is cheaper than locally farmed freshwater fish such as carp. Importers are forced to focus on lower-priced goods due to the sluggish Chinese economy." Reasonable costs and excellent fillet quality have helped pangasius become increasingly popular in the Chinese market and ...

Source: Foodmate