Pangasius

(seafood.vasep.com.vn) In 2022, Vietnam pangasius exports to China & Hong Kong reached 712 million USD, up 58% compared to 2021. The two main product lines exported to China are frozen pangasius fillets (HS code 030462) accounted for over 74% of the value with 531 million USD and frozen pangasius butterfly (HS code 030324) accounted for over 25% with nearly 180 million USD.

(seafood.vasep.com.vn) Although in the last quarter of 2022, Vietnam's pangasius exports fell to the lowest level of the year with 475 million USD, down 12% compared to the same period in 2021 due to the impact of inflation. However, compared to other seafood sectors, pangasius still has a better prospect in 2023, thanks to positive signals from two major markets, China and the US.

(seafood.vasep.com.vn) On the first working day after the Tet holiday, workers of Hung Ca Co.Ltd are busy preparing for an export order of 21 pangasius fillets (equivalent to 400 tons). The company’s leaders are very optimistic about the pangasius exports in the new year. In 2022, the company exports pangasius worthed about 350 million USD.

(seafood.vasep.com.vn) According to SSI Securities Corporation (SSI), inflation in 2023 continues to be a challenge for Vietnam's seafood industry. In that context, the pangasius industry is expected to prosper when the largest export market, China, has reopened.

(seafood.vasep.com.vn) Vietcombank Securities (VCBS) believes that the US and China are attractive destinations for Vietnamese pangasius enterprises thanks to favorable factors such as reasonable prices in the context of inflation, 0% anti-dumping tax and the open market after COVID.

According to the Ministry of Agriculture and Rural Development, the price of raw pangasius and shrimp in the Mekong Delta provinces in December 2022 decreased slightly in the context of many difficulties.

(seafood.vasep.com.vn) Vietnam’s pangasius is increasingly being used by consumers in the world because of its convenience, neutral texture and taste, easy processing and affordable price that can fit every market segment. By 2022, Vietnamese pangasius has conquered more than 140 markets around the world, including markets with strict requirements on food safety and technical regulations such as the US, EU and markets that farmed fish used to be unpopular like Japan.

A pangasius festival organized by the People's Committee of Dong Thap Province in Hong Ngu Town last week attracted thousands of participants.

(seafood. vasep.com.vn)The export result of $2.3 billion by the end of November represents a successful year for Vietnamese pangasius enterprises. And the pangasius industry can be optimistic with a record of over $2.4 billion in 2022.

(seafood.vasep.com.vn) Vinh Hoan's 25-year journey has experienced many memorable milestones with impressive growth.

(seafood. vasep.com.vn) According to statistics of the US Department of Agriculture (USDA), in the first 10 months of 2022, imports of frozen pangasius fillets into the US market reached nearly 110 thousand tons, worth 474 million USD, up 24% in volume and 88% in value over the same period in 2021.

(seafood.vasep.com.vn) On December 10, 2022 at the celebration of seafood export reaching 10 billion USD in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) announced the list of 30 excellent enterprises in 2022, in which there are 10 pangasius export enterprises.

(seafood.vasep.com.vn) By the end of November 2022, pangasius exports to China & Hong Kong market reached a value of US$ 675 million, up 79% over the same period in 2021. After continuously growing high in the first 10 months of the year, pangasius exports to China suddenly plummeted in November with a decrease of 46%, reaching just over $37 million.

(seafood.vasep.com.vn) By the end of November 2022, with sales of nearly 290 million USD, the Middle East market has become a market with impressive growth, up 44% and accounting for nearly 3% of total Vietnam seafood exports.

(seafood.vasep.com.vn) In 2022, Vietnam pangasius was the most prosperous export sector thanks to the largest increase in average export prices and more market opportunities compared to other commodities. By the end of October, pangasius exports nationwide had reached more than 2.1 billion USD. Compared to the same period last year, pangasius exports increased by 77% - the highest growth rate in recent years and also the highest rate compared to other industries.


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