Exports of pangasius to China – Hongkong reached USD 33 million in January, up threefold as compared to the same period last year.
According to VASEP, in January 2022, pangasius exports reached USD 213 million, up 73% as compared to the same period last year. An increase in sales was recorded in most major markets.
An impressive growth of pangasius exports was recorded in China-Hongkong, with a worth of USD 33 million, up nearly threefold as compared to the same period of 2021. VASEP has given a forecast that pangasius exports to this market will continue to rise up to two or three digits.
However, the US has remained as the biggest importer of Vietnamese pangasius, accounting for 25% of the total export value of this country, reaching nearly USD 53 million, up 92% as compared to the same period last year. After the Covid-19 pandemic, the US’s stockpiles were empty, local people were in high demand for pangasius, and importing companies were ready for placing new orders. Factories, which are fulfilling pangasius orders to the US, seem to lack materials for processing, while production costs continue to rise.
Besides, pangasius exports to the CPTPP bloc increased fairly with more than USD 32 million worth. Mexico was the most potential market with over USD 12 million worth, up 21%. An increase in sales was also recorded in major member countries such as Canada, Australia and Japan.
After three years of slump and negative growth, pangasius exports to the EU increased by 70% in January as compared to the same period of 2021, reaching USD 17 million. Exports to Belgium, Germany, and the Netherlands rose by over 15%.
According to VASEP, if the pandemic is well controlled and economic activities are facilitated with flexible policies, pangasius exports are expected to reach USD 1.6 billion this year.