Vietnam's pangasius exports to China in June hit highest level since the beginning of the year

Published Aug 5, 2024

Tridge summary

In the second quarter of 2024, Vietnam witnessed a notable increase in the export value of pangasius to China and Hong Kong, with a 6.5% rise from the same period in 2023, reaching 146 million US dollars. These markets continue to be the largest consumers, contributing to 28% of the total export value. June 2024 saw the highest exports to date, with over 56 million US dollars. Consumers in these markets, especially in Hong Kong, prefer frozen pangasius fillets. Despite a decrease in the export value of frozen pangasius fillets to China and Hong Kong by 17% in the first half of 2024, other pangasius products experienced an 11% increase in export value. The average export price of Vietnamese pangasius to China fell by 7%-18% compared to the same period in 2023, but the export volume grew by 34%. The top five companies exporting the most pangasius to China include Truong Giang, Dai Thanh, Nam Viet, Hung Ca 6, and IDI Corp.

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

Original content

According to the latest customs data from Vietnam, in the second quarter of 2024, the export value of Vietnamese pangasius to the Chinese mainland and Hong Kong markets reached 146 million US dollars, an increase of 6.5% over the same period in 2023. At the same time, the Hong Kong market alone imported more than 7 million US dollars of pangasius from Vietnam, a decrease of 11% over the same period last year. Mainland China and Hong Kong remain the largest consumer markets for Vietnamese pangasius, accounting for 28% of the total export value of the Vietnamese market. June 2024 was the month when Vietnam's pangasius exports to China and Hong Kong reached the highest level so far this year, reaching nearly 56 million US dollars, an increase of 16% over June 2023. Consumers in this market tend to prefer frozen pangasius fillets from Vietnam, with consumption exceeding 36 million US dollars in June 2024, an increase of 8% over the same period in 2023. QII/2024, frozen pangasius ...

Source: Foodmate