Regarding consumption markets, pangasius exports to some markets continued to record positive double-digit growth, such as the US, CPTPP, Brazil, Thailand, Colombia, etc. China and Hong Kong are still the largest consumption markets for Vietnamese pangasius in August 2024, reaching more than 57 million USD, up 9% over the same period in 2023. By the end of August 2024, the total export value of pangasius to this market reached 370 million USD, down slightly by 2% over the same period last year.
Pangasius exports to the US in August 2024 reached more than 35 million USD, an increase of 40% compared to August 2023. August 2024 also recorded the second highest export value to this market in the year (after April 2024 with more than 37 million USD). Pangasius export value to the US in the first 8 months of this year reached 226 million USD, an increase of 23% over the same period last year. The recovery of the US market is considered a lever for the growth of pangasius exports, especially in the context of less optimistic imports from China. Through bidding programs of the US Department of Agriculture, it is expected that this country will continue to have demand for whitefish species. Specifically, on August 29, 2024, the US Department of Agriculture (USDA) announced that it will buy more Pacific cod, also known as cod, grouper fillets, and catfish products. The USDA said it paid $6.5 million for 1.5 million pounds of catfis
Brazil is the third largest single market for Vietnamese pangasius consumption, with nearly 12 million USD in August 2024, down 10% year-on-year. By the end of August 2024, pangasius exports to this largest South American country reached 77 million USD, up 28% year-on-year.
Pangasius exports in August 2024 in the markets recorded more optimistic signals thanks to the recovery in demand and export prices. With the growth momentum in exports in the first 8 months of this year and optimistic forecasts that it will continue to grow in the last 4 months of the year, the target of 2 billion USD of the pangasius export industry can reach or exceed the expected target.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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