Vietnam's pangasius exports have seen remarkable growth in 2024, setting the stage for the industry to potentially hit its ambitious US$2 billion export target by the year’s end. August alone witnessed an impressive 12% year-on-year increase in Vietnamese pangasius exports, generating US$191 million in revenue, according to the latest report from industry experts.

Vietnam has cemented its status as a dominant force in the global seafood industry, particularly in the supply of whitefish to Colombia. The growing demand for frozen pangasius from Vietnam has not only elevated Vietnam’s standing in the Colombian market but has also demonstrated the critical role Vietnamese seafood plays in global trade.

Vietnam’s seafood industry is entering a pivotal phase as global demand rebounds and new market opportunities arise. With rising input costs and shifting consumer preferences, exporters must remain agile and focus on quality and transparency to maintain a competitive edge

As consumers in Vietnam and abroad increasingly value transparency in seafood products, ensuring clear, trustworthy sourcing and sustainability practices will be key to sustaining this momentum.

Vietnam's shrimp export industry continues to thrive, with significant growth recorded in multiple markets. According to recent reports, Vietnam’s shrimp exports reached USD 404 million in August 2024 alone, a remarkable 20% increase compared to the same period last year. This marks the highest monthly export value since the start of the year and the strongest growth rate since February. Cumulatively, Vietnam’s shrimp exports exceeded USD 2.4 billion in the first eight months of 2024, reflecting a 10% rise year-on-year.

In the final months of 2024, pangasius exports from Vietnam are seeing a strong recovery in two of the world's largest whitefish markets: China and the United States. Both countries are key destinations for whitefish, with Vietnam maintaining its position as the second-largest supplier, primarily through its exports of frozen pangasius fillets.

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Vietnamese pangasius is taking the Mexican seafood market by storm, rapidly becoming a popular choice among consumers. With its firm texture, delicate flavor, and competitive pricing, this versatile white fish has solidified its place as a favorite in Mexican kitchens, driving a significant increase in exports from Vietnam to Mexico in 2024. As trade relations strengthen, Vietnamese pangasius is poised to become an even more dominant player in the global seafood market.

Robust Demand and Strategic Market Positioning Propel Vietnamese Seafood Exports
Positive Outlook for Continued Growth Amid Shifting Global Supply Chains