In 2015, the EU ranked second among the largest importers of Vietnamese pangasius, trailing only the US, with export turnover reaching USD 285 million. A decade later, in 2024, the market has fallen to fourth place, surpassed by China & Hong Kong, the US, and CPTPP member countries. Total pangasius export turnover to the EU in 2024 reached USD 161 million, a 5% decrease compared to 2023 and a significant 44% decrease compared to 2015.
This decline is evident across most product segments. In the value-added pangasius segment, EU imports from Vietnam exceeded USD 8 million in 2015. Ten years later, in 2024, this market imported just over USD 3.5 million worth of value-added pangasius products from Vietnam, a slight 3% increase compared to 2023. Of the past ten years, 2023 witnessed the most "bleak" year for value-added pangasius exports to the EU, while 2017 recorded the highest level.
Exports of other frozen pangasius products (whole, fillets, etc.) to the EU in 2024 increased by 2% compared to 2023. Over the past ten years, since 2015, exports of these products to the EU in 2022 are considered to have reached the highest value, with nearly USD 10 million, almost doubling compared to 2021, followed by 2024. Although the increase is not high, this is still a fairly positive result that the pangasius export industry received in 2024.
So, what outcome awaits pangasius exports to the EU in 2025? The 2025 economy is likened to a convalescent recovering from a bout of COVID-related illness. Its resilience remains weak and highly susceptible to headwinds - potential risks that may arise in 2025. The global economy continues to face numerous challenges. Conflicts in Ukraine and the Middle East, political gridlock in Germany and France, and growing concerns about the Chinese economy further cloud the picture. Escalating conflicts could disrupt energy markets, impact confidence and growth, hinder trade growth, and trigger sudden adjustments in financial markets.
The EU market, home to many important customers of Vietnamese pangasius, is unlikely to escape these impacts. However, it is still too early to draw conclusions or make accurate forecasts about consumer demand in this market bloc, as it depends on many factors, including the aforementioned objective reasons and subjective impacts from prices.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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