Vietnam's pangasius exports to the EU show positive signs

Published 2024년 9월 10일

Tridge summary

The Netherlands is the largest consumer of Vietnamese pangasius in the EU, with exports valued at over 2 million USD, a 74% increase from the previous period. Despite a slight decrease of 1% in August 2024, pangasius exports to the Netherlands are expected to grow again. Germany is the second largest consumer, with imports increasing by 183% in the first half of August 2024 compared to the same period in 2023. Belgium and Spain are the third and fourth largest consumers, with exports to Belgium increasing by 10% and to Spain by 15%. Despite fluctuations, the export value of frozen fillets, the main pangasius product exported to the EU, decreased by 2% in the first seven months of the year. Despite challenges, the pangasius exports to the EU are expected to increase in the second half of the year due to factors such as stable European economy, low unemployment, and stabilizing market prices and consumption.

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

Original content

The Netherlands remains the largest consumer market for Vietnamese pangasius in the EU, with an export value of more than 2 million USD, up 74% over the same period. As of August 15, 2024, pangasius exports to this market reached nearly 30 million USD, down 1% over the same period last year, mainly due to declines in February and May 2024. The first half of August 2024 recorded a double-digit increase, and it is forecasted that in August 2024, the export value of pangasius to this market will grow again. In addition to the Netherlands, Germany also reduced imports of Vietnamese pangasius in July 2024. The decline in January, February, March, and July 2024 caused the cumulative pangasius exports to Germany in the first 7 months of this year to decrease slightly by 1%. However, in the first half of August 2024, pangasius exports to Europe's largest economy reached nearly 2 million USD, an increase of 183% over the same period in 2023. As of August 15, 2024, Vietnam exported a total ...

Source: Vasep