Vietnam's tra fish exports show signs of recovery in May 2024

Published May 28, 2024

Tridge summary

The report by the Vietnam Association of Seafood Processors and Exporters highlights the United States as the top importer of Vietnamese pangasius, with a significant 8.5-fold increase in processed pangasius exports to the U.S. despite a drop in frozen pangasius exports. The demand for white fish products, especially pangasius, in the U.S. market is on the rise. The potential recognition of Vietnam as a market economy by the U.S. could further boost the fisheries sector. However, the export of tra to Europe is projected to decrease by 7% in the first half of 2024 due to the impact of geopolitical conflicts. The association anticipates a 10% increase in the export price of tra in the latter part of 2024, attributed to improvements in processing exports.

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Original content

According to the report of Vietnam Association of Seafood Processors and Exporters, the United States is the largest import market for Vietnamese pangasius, followed by China, Europe and some other South American markets. It is worth noting that the processed pangasius exports to the United States have increased significantly, 8.5 times that of 2023, but the exports of frozen pangasius to this market have declined. Trang Tinghuai, Secretary General of Vietnam Association of Seafood Processors and Exporters, said that the demand of American consumers for white fish products, especially Vietnamese pangasius, is increasing. Recently, Vietnamese enterprises participated in the North American Seafood Exhibition, which is very popular because white fish tastes delicious and is suitable for processing various dishes. In addition, Mr. Trang Tinghuai pointed out that the United States is considering recognizing Vietnam's market economy status, and this information brings hope to various ...

Source: Foodmate