In the first 5 months of this year, Vietnamese pangasius processing factories have made every effort to run at full processing capacity, with a total export value of 1.21 billion USD, an increase of nearly 90% compared to the same period last year. The good growth in most major export markets compensated for more than 3 years the pangasius industry was severely damaged by Covid-19. It is forecasted that pangasius exports can reach $2.6 billion this year.
In the first 5 months of this year, Vietnamese pangasius processing factories have made every effort to run at full processing capacity, with a total export value of 1.21 billion USD, an increase of nearly 90% compared to the same period last year. The good growth in most major export markets compensated for more than 3 years the pangasius industry was severely damaged by Covid-19. It is forecasted that pangasius exports can reach $2.6 billion this year.
America: In the first 5 months of this year, the total value of pangasius exports to the US reached 310 million USD, up 131%. In particular, in May 2022, the export value of pangasius to this market reached $ 69 million, up 114%. According to the latest statistics of ITC, by the end of April 2022, the price of frozen pangasius imported from the US from Vietnam has set a new peak of nearly 5 USD/kg, nearly 2 USD higher than the same period last year. USD/kg. This is an unprecedented increase in price in the past 3 years.
Frozen pangasius exports to Mexico, Canada, Australia and Japan in the first 5 months of this year continued to grow positively. By the end of May 2022, CPTPP is the second largest export market block of Vietnamese pangasius exporters. The demand for importing pangasius from countries in the bloc has grown continuously for 5 consecutive months with a value of USD 146.5 million, up 64% over the same period last year.
In addition to the three major export markets above, 5 in the first month of 2022, exporting pangasius to the EU, Thailand, Brazil, UK, Colombia, and Egypt is still increasing good growth. Total export value to EU reached 88.6 million USD, up 89%; to Thailand increased by 85%; Brazil 51% increase...
Source: Vasep.com
