The subject specializes in farming, processing and exporting frozen pangasius (fillet, cut, whole) to many markets. In addition to the invested farming area, raw materials are mainly collected at farms in the Mekong Delta.According to data from Vietnam Customs, in November 2023, Vietnam's pangasius export turnover reached more than USD 155 million, an increase of 6% over the same period last year. Accumulated pangasius exports in the first 11 months of this year reached nearly USD 1.7 billion, down by 27% over the same period in 2022.Regarding the consumption market, in November 2023, China and Hong Kong bought more than USD 39 million of pangasius from Vietnam, an increase of 28% against the same period last year but still down by 30% compared to October 2023. China's economy affects this country's import demand for Vietnamese pangasius. China's import demand for Vietnamese pangasius has gone up continuously in the past 3 months. By the end of November 2023, total pangasius exports to this billion-people market reached more than USD 500 million, which decreased by 21% over the same period last year.Next was the CPTPP market importing nearly USD 23 million in November 2023, an increase of 6% compared to November 2022. By the end of November 2023, pangasius exports to this market block reached more than USD 200 million, down by 26% over the same period last year. Among them, Mexico, Canada and Japan were the markets recording positive growth in November 2023 from 2% - 26%.However, pangasius exports to the EU market, after 2 rare months of positive growth, recorded a decrease of 20% in November 2023, reaching only nearly USD 12 million, and a decrease of 22% compared to the previous month.Since the beginning of this year, Vietnam's pangasius exports in November 2023 recorded the second month of positive growth after increasing in September. This is also a signal that market demand is "warmer". The increasingly good diplomatic relations and cooperation between Vietnam and the USA and China (also the two largest import markets of Vietnamese pangasius) will be the driving force for positive pangasius export activities more in the near future.
Headquarters
Lot No. 2.14, Tra Noc II Industrial Park, Phuoc Thoi Ward
Can Tho municipality; Mekong River Delta;
Postal Code: 94000
Contact Details: Purchase the Southern Fishery Industries Company Ltd report to view the information.
Website: https://southvinafish.vn/vi/
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