Among the main import markets for Vietnam pangasius, China alone has the highest demand for frozen pangasius butterfly.
While exports of frozen pangasius fillets to China increased by 84% from 2018 to 2022, exports of frozen pangasius butterfly increased by 143%.
In 2018, the export of frozen butterfly pangasius accounted for only about 15% of total Vietnam pangasius exports to China. In 2022 this figure is 25%. Meanwhile, the proportion of pangasius fillets decreased from 88% in 2019 to 75% in the last 2 years.
The top 6 provinces in China that import the most frozen whole pangasius products from Vietnam include: Guangdong, Shandong, Shanghai, Zhejiang, Hunan and Anhui. In 2022, in terms of whole pangasius products imported into China, Guangdong alone accounted for 37%, Shandong accounted for 14% and Shanghai accounted for 13%.
For frozen pangasius fillets, imports into Guangdong also accounted for the highest proportion of 28%, Shandong 12%, Tianjin 12%, and Shanghai 10%.
Guangdong, Shandong, and Fujian also have developed seafood processing and manufacturing industries in China. As a large seafood consumer, China is also a powerhouse in seafood processing with about 9.2-9.3 thousand processing facilities and a total capacity of 28.5 million tons/year.
In recent years, China has processed 21-22 million tons of aquatic products (80% are marine fish, 20% are freshwater fish). Every year, a large amount of seafood is imported, another part is processed and exported. In addition to importing pangasius for domestic consumption, China also uses it for reprocessing and export, especially whole pangasius products. According to Chinese customs statistics, in 2022, the country's exports of frozen pangasius fillets reached 8.2 million USD.
After 3 years of the covid epidemic, China's total seafood imports will increase again in 2023. With this huge seafood consumption market, the imported seafood demand is expected to recover significantly in 2023.
In 2022, China's imported frozen fish accounted for 45.4% of total seafood imports. In the future, China's imported frozen fish products still have great development potential.
Shrimp, pollock, squid, pangasius, salmon are all items that account for a large proportion of imports and are also popular at wholesale markets, food services, retail supermarkets and e-commerce channels.
|
Pangasius exports to China, by main product, 2018-2022 (US$ mil.) |
||||
|---|---|---|---|---|
|
Year |
Frozen butterfly pangasius (hs code 030324) |
Change (%) |
Frozen pangasius fillet (hs 030462) |
Change (%) |
|
2018 |
48.489 |
267.766 |
||
|
2019 |
59.408 |
23% |
449.203 |
68% |
|
2020 |
46.712 |
-21% |
347.054 |
-23% |
|
2021 |
73.351 |
57% |
210.530 |
-39% |
|
2022 |
117.758 |
61% |
492.073 |
134% |
|
Source: Compiled by VASEP |
||||
Compiled by Thu Hang
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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