Which market is purchasing the largest pangasius from Vietnam?

According to the latest data from the General Department of Customs , in the first half of May 2024, Vietnamese pangasius exports to markets reached 76 million USD, an increase of 13% over the same period in 2023. As of May 15, 2024 , cumulative pangasius exports reached 656 million USD, up 3% over the same period last year.

Which market is purchasing the largest pangasius from Vietnam?

Among export markets, Vietnamese pangasius exports to China and Hong Kong (China) reached 22 million USD, up 9% over the same period last year. As of May 15, 2024, cumulative pangasius exports to this market reached nearly 175 million USD, down 14% over the same period in 2023.

As of May 15, 2024, China is still Vietnam's largest pangasius import market. Reasonable prices and delicious meat quality make it easy for consumers in China to choose. At retail stores in China, pangasius prices are recorded to be cheaper than domestically produced freshwater fish such as carp. Pangasius has become a fish that many consumers cook at home, and also in public restaurant chains.

Importers are forced to focus on cheaper products, as China's economy is slowing down, making consumers more cautious and cautious in spending. The fact that it is cheaper than some domestic fish species such as carp, tilapia, and fruit fish makes pangasius popular and has a stronger foothold in this country.

The price of other white fish fish in the Chinese market has increased, typically tilapia, due to reduced production, causing consumers in not only this market, but also in the US and some other countries to switch to choosing other products. Other white fish products.

Characterized by the fact that it is a white-flesh fish, raised on the upper floor, the fish meat quality is clean and nutritious. Pangasius fillets are almost boneless and healthy, so they are very suitable for children's menus. In addition, the fat of this fish is also rich in healthy omega 3, so families who tend to cook at home love dishes made from this fish.

The top 4 enterprises exporting the most pangasius to China in the first 4 months of this year include: Truong Giang, Nam Viet, Dai Thanh, Vinh Hoan, IDI Corp.