| Which market is buying the largest amount of tra fish from Vietnam? Forecast for 6 months, seafood export revenue is 4.4 billion USD |
According to Vietnam Customs data, in May 2024, Vietnam's pangasius export turnover reached 167 million USD, up 5% compared to May 2023. Cumulative pangasius export turnover in the first 5 months of this year reached 747 million USD, up 2% over the same period last year.
 |
| Vietnamese pangasius is consumed the most in the Chinese market. |
Frozen pangasius fillets are still the main export product of Vietnamese pangasius. In May 2024, exports of this product to markets reached 134 million USD, up 2% over the same period last year. By the end of May, Vietnam exported nearly 603 million USD worth of frozen pangasius fillets to markets, down slightly by 0.1% over the same period last year.
In terms of consumption markets, China and Hong Kong (China) are still the largest consumers of Vietnamese pangasius. Cumulative pangasius exports to this market in the first 5 months of this year reached nearly 203 million USD, down 13% over the same period.
In May 2024 alone, pangasius export turnover to China reached nearly 48 million USD, up 1%; exports to the Hong Kong market (China) reached more than 2.3 million USD, down 16% over the same period in 2023.
May 2024 was recorded as the second highest month for Vietnam's pangasius exports to China and Hong Kong (China) since the beginning of this year with a value of nearly 50 million USD, a slight increase of 0.4% over the same period, an increase of 21% over the previous month.
While exports to the Chinese market recorded a slight increase, pangasius exports to the US witnessed negative growth in May 2024. Accordingly, pangasius exports to the US in May 2024 reached 30 million USD, down 7% over the same period last year. However, cumulative pangasius exports to the US in the first 5 months of this year reached more than 132 million USD, up 12% over the same period in 2023.
Pangasius exports to the CPTPP market continued to grow in May 2024 with a value of nearly 13 million USD, up 17% over the same period. In particular, several markets recorded an increase in pangasius imports, including: Mexico, Japan, Canada, Singapore, etc. By the end of May 2024, pangasius exports to the CPTPP reached 103 million USD, up 9% over the same period.
Similar to the US market, pangasius export turnover to the EU market witnessed a 16% decrease in May 2024 with a value of 14 million USD. Cumulative exports in the first 5 months of the year to this market reached 70 million USD, down 9% over the same period last year. Despite the decrease in turnover, many markets in the EU recorded an increase in imports of Vietnamese pangasius in May 2024, while in May 2023 there were almost no imports, including: Bulgaria (59 thousand USD), Hungary (40 thousand USD), Czech Republic (53 thousand USD).
According to the Vietnam Association of Seafood Exporters and Producers, the US and EU's continued tightening of seafood imports from Russia continues to open up great opportunities for Vietnamese pangasius. Meanwhile, demand for pangasius in China is expected to improve as the country's economic support policies "permeate". The export prospects for Vietnamese pangasius will remain positive in the second half of this year, especially in key markets such as the US, China, etc.
Source: https://congthuong.vn/ca-tra-viet-nam-dang-duoc-tieu-thu-nhieu-nhat-tai-thi-truong-trung-quoc-326935.html
Comment (0)