Pangasius exports in the first nine months: clear market shift, CPTPP and Brazil surge ahead

News 08:40 10/11/2025
(seafood.vasep.com.vn) Vietnam’s pangasius exports in the first nine months of 2025 reached nearly $1.6 billion, up 9% year-on-year, signaling a recovery after a prolonged downturn. The market landscape is shifting notably with CPTPP countries, Brazil and Thailand emerging as growth drivers while China - Hong Kong and the U.S show signs of stagnation.

CPTPP and Brazil Expand Market Share

Compared to 2024, the CPTPP (including Japan, Canada, Mexico, Chile, etc.) posted impressive 35% growth in the first nine months of 2025, reaching $271.4 million and lifting its share to approximately 17% of total export value (up from 14% in 2024). This surge reflects both tariff advantages under the trade pact and rising regional demand for sustainably sourced seafood products.

Brazil continues to stand out as a bright spot in South America with pangasius imports from Vietnam surging 45% to $128 million - a 2% increase in market share to 8% of total exports. Thailand also recorded solid growth of 27%, reaching $58.3 million, supported by recovering domestic consumption and re-exports to ASEAN markets.

Traditional markets ease slightly but retain dominant

In contrast, China - Hong Kong, Vietnam’s largest pangasius market, showed signs of stabilization, reaching $409.8 million in the first nine months of 2025 - a modest 2% decline from the same period in 2024. Nevertheless, it still commands nearly 26% of total export value, remaining the cornerstone of Vietnam’s export structure.

Exports to the United States totaled $257.2 million, representing 16% of total turnover, a 2% decline in share year-on-year. This reflects market saturation, intensifying competition from other whitefish species such as Alaska pollock and cod, alongside ongoing tariff-related headwinds. Meanwhile, the EU maintained a stable 8% share, generating $134.2 million - supported by rising demand for convenience foods and a shift away from Russian supplies.

Notably, the “other markets” cluster (Middle East, South Asia and Africa) recorded $340 million, up 3.6%, reflecting Vietnamese firms’ proactive efforts to diversify and mitigate concentration risk.

Vietnam’s pangasius export landscape in 2025 is thus undergoing a clear rebalancing. Traditional powerhouses like China and the U.S no longer hold absolute dominance; while CPTPP, South America and ASEAN are assuming greater significance. This shift highlights Vietnamese exporters’ adaptability - expanding into new markets while investing in value-added products aligned with global green and sustainable consumption trends.

Given current momentum, industry experts forecast a strong rebound in pangasius exports in Q4/2025, driven by year-end demand and early orders for the 2026 Lunar New Year season. However, rising raw material costs may pressure margins, requiring companies to optimize operations and maintain consistent quality to sustain growth.

pangasius vietnam cptpp brazil export

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Pangasius Exports in October 2025: Positive Growth Momentum Led by China's Recovery

 |  12:40 28/11/2025

(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.

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 |  10:39 27/11/2025

In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.

Raw shrimp prices remain stable, slight declines in some sizes at the end of October 2025

 |  09:04 26/11/2025

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Vietnam’s shrimp exports in October 2025 hit the highest level since the beginning of the year

 |  08:26 25/11/2025

(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.

US temporarily suspends import ban on crab from Vietnam and three Asian countries

 |  09:03 24/11/2025

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An Giang’s fisheries sector makes active contributions to the marine economy and international integration

 |  09:15 21/11/2025

(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.

Vietnam pangasius exports in September 2025: Driven by CPTPP markets and processed products

 |  11:24 19/11/2025

(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.

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