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China & HK imported 75 million USD of Vietnamese pangasius

  (VIET NAM, 3/28/2024)

In February 2024, although it is still the largest import market for Vietnamese pangasius, pangasius exports to China & HK this month decreased by 65% compared to February 2023 and reached 23 million USD.

Source: Vasep

Cumulative pangasius exports to China & HK in the first 2 months of this year reached 75 million USD, down 4% compared to the same period in 2023. Previously, in the first month of this year, China & HK increased 4 times pangasius imports from Vietnam. The value of pangasius exports to this market in the first 2 months of this year accounted for 29% of the total pangasius exports to markets.

Source: Stockfile FIS -->

In February 2024, the top 5 enterprises exporting the most pangasius to China include:Truong Giang, Nam Viet, Huu Dai Thanh, Vinh Hoan, and IDI Corp. Among them, Truong Giang Seafood Joint Stock Company is the largest exporter of pangasius to this market.

In 2024, China will continue to be a key market for Vietnamese pangasius exports. This market has increased pangasius imports since the end of 2023 after continuously decreasing since the beginning of the year. Pangasius imports into the Chinese market depend heavily on the country's economic situation. When the economic situation stabilizes and improves, Chinese importers will increase imports and one of the priority choices in the Vietnamese market is pangasius. According to experts, this year's Chinese economy began to improve after the Lunar New Year holiday, with the employment rate increasing. Raw pangasius prices are also recorded to have bottomed out, increasing from 25-26,000 VND/kg in 2023 to 28-29,000 VND/kg in early 2024.

February 2024 also coincides with the Lunar New Year holiday, especially after many markets including China increased imports to stock up for this holiday, which may have slowed down production activities. and consumption of Vietnamese pangasius export enterprises. With optimistic signals from the Chinese economy, it is expected that Vietnamese pangasius export enterprises will continue to achieve positive results in this market.

Author: Thu Hang | Vasep (Translated from the original in Vietnamese)

editorial@seafood.media
www.seafood.media


Information of the company:
Address: 218 Road No.6, Zone A, An Phu An Khanh New Urban Area, District 2
City: Ho Chi Minh
State/ZIP: ( )
Country: Viet Nam
Phone: +84 28 6281 0430
Fax: +84 28 6281 0437
E-Mail: vasephcmcity@vasep.com.vn
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