After reaching a peak of 310 million USD in April 2022, Vietnam pangasius exports began to cool down gradually in the following months. That trend is reflected in both China and the US markets.
Pangasius exports to China broke the record, reaching 113 million USD in April, but falling to 44 million USD in July. Accumulating in the first 7 months of the year, pangasius exports to China still more than doubled over the same period, reaching 451 million USD, accounting for 28% of Vietnam's total pangasius export value. However, Vietnam pangasius’s market share in this market is still modest compared to China's frozen fish import demand. Currently, Vietnam's frozen pangasius accounts for only 8-9% of China's fish imports.
Currently, China loosens the Covid inspection measure, which reduces suspending imports when detecting shipments infected with coronavirus. This will reduce the cost and time for exporting pangasius as well as other aquatic products to this market. However, China is increasingly strict in testing microbiological criteria, food hygiene and safety, so exporters should pay more attention to quality assurance and any regulations and standards of China.
Pangasius exports to the US also reached a peak of 81 million USD in April, but also fell to the lowest level in July, reaching only 32 million USD, down 4% compared to the same period in 2021. Pangasius exports to the US from 2021 to the first half of this year have a relatively high price, so the export value is positive. However, after that hot period, US importers began to adjust prices down, because inventories increased and consumption in the market slowed down due to logistical factors. In general, according to the assessment of pangasius enterprises, this product is still in demand in the US market as well as in other markets, even in the context of current inflation. However, in the second half of the year, export prices will decrease gradually.
By the end of the first 7 months of 2022, pangasius exports to the US were still 92% higher than the same period in 2021, accounting for 24% of total pangasius exports.
Although the US and China dominate the trend of pangasius exports in the direction of slowing down or decreasing, there are many markets that still maintain an optimistic growth for Vietnam's pangasius exports. Typically, the third largest single market, Mexico still maintained a high growth rate of 87% in July. The remaining two markets in the top 5 both increased by double digits in July: increased by 40% and 34% respectively.
In addition, in July, many markets have shown the “breakthrough” in importing Vietnam’s pangasius such as Canada (increased more than 4 times), Hong Kong increased by 114%, Australia by 143%, Singapore increased by more than 2 times and the Philippines by 3.5 times. This shows that Vietnam’s pangasius exports are not tighten to only China or the US markets but has many opportunities to increase exporting to other markets.
Compiled by Thuy Linh
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
