The pangasius industry sets the target of exporting 2 billion USD in 2024.

The pangasius industry sets the target of striving for an aquaculture area of 5,700 ha, a pangasius output of about 1.7 million tons, and an export turnover expected to reach 2 billion USD.

According to the data from the General Department of Customs, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that Vietnam’s pangasius exports to the markets in 2023 reached more than 1.8 billion USD, down 25% compared to 2022.

Specifically, VASEP said that the export turnover of pangasius from Vietnam to the markets in December 2023 reached more than 158 million USD, up 5% over the same period in 2022. This was also the second consecutive month that the export value of pangasius recorded an increase in the difficult year of 2023.

Regarding the export market, in 2023, China & Hong Kong (China) continued to be the largest import market of pangasius from Vietnam. In 2023, pangasius exports to China & Hong Kong (China) reached nearly 573 million USD, down 20% over the same period in 2022.

In 2023, the CPTPP market imported nearly 249 million USD of pangasius from Vietnam, down 24% compared to 2022. CPTPP was also the market witnessing a sharp decline in pangasius imports in 2023, however, the growth signal returned in the last quarter of 2023.

In December 2023, the export value of pangasius to this market reached the highest level since the beginning of the year, slightly increasing by 7% over the same period. After 5 years, the CPTPP Agreement has opened up more opportunities for Vietnamese pangasius to get closer to each meal of consumers in this market bloc.

VASEP experts said that in 2023, pangasius exports to the four main markets decreased significantly, Vietnam’s seafood exports, including pangasius, faced many difficulties such as economic recession, people in developed countries limiting spending, large inventory and global inflation.

However, with the flexible management of the Government and the efforts of the whole industry, Vietnamese pangasius products continued to conquer the market of 146 countries and territories around the world. In addition to the main product of pangasius fillet, by-products (dried pangasius bubble, fish cake, marinated pangasius …) were favored by the markets of the US, China, Malaysia, Singapore.

VASEP said that in 2024, the pangasius industry sets the target of striving for: Aquaculture area of pangasius reaches 5,700 ha, pangasius commercial output reaches about 1.7 million tons, export turnover is expected to reach 2 billion USD.

To achieve this goal, the whole industry needs to focus more on building a strong brand, marketing campaign to enhance the presence and reputation of Vietnamese pangasius on the international market; enhance the promotion of pangasius products through international exhibitions, fairs, build a network of partners and customers at home and abroad.

Sourced from Bao Cong Thuong

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