News

Vietnam's pangasius exports to the EU are gradually recovering compared to previous years

Frozen Whole Catfish
Seafood
Vietnam
Published Jun 23, 2023

Tridge summary

By the end of April 2023, Vietnam’s pangasius exports to most of the markets in the EU experienced a decline, the lowest decrease was 13%, the highest was 30% compared to the same period in 2022.

Original content

Top 3 main markets in the block that reduce imports of Vietnamese pangasius were: the Netherlands down 22%, Belgium down 13%, Spain down 30%. Although exports to the German market were more positive, it still recorded a positive growth of 78% in the first 4 months of 2023. The EU used to be Vietnam's largest pangasius import market with sales peaking at USD 511 million in 2010, accounting for 36% of Vietnam's pangasius exports. However, in the following years, pangasius exports to this market decreased sharply primarily attributable to media campaigns tarnishing the reputation of pangasius within certain European countries. Vietnam’s pangasius exports to the EU had a breakthrough in 2022 thanks to a sharp increase in demand after being affected by the COVID-19 pandemic for a long time (Cre: Huu Duc-BD) Vietnam’s pangasius exports to the EU had a breakthrough in 2022 thanks to a sharp increase in demand after being affected by the COVID-19 pandemic for a long time. In particular, ...
Source: Vasep
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