According to Vietnam Association of Seafood Exporters and Producers, pangasius exports in February 2024 to markets witnessed negative growth of 35 - 56%.
In February 2024, Vietnam's pangasius export volume decreased but average price still increased due to some concerns about lack of supply and positive market demand.
Specifically, in February 2024, export volume of pangasius products decreased by 36% over the same period last year, reaching more than 42,000 tonnes and down 40% compared to January 2024.
Although export volume decreased, average export price of pangasius increased by about 4% to 2.13 USD/kg. Pangasius export prices are expected to recover in 2024 thanks to increased demand from the US and EU markets.
In February 2024, China and Hong Kong (China) are still the largest consuming markets of Vietnamese pangasius. However, export volume decreased sharply after reaching about 13,000 tonnes in January 2024. Average export price to this market also decreased from November 2023 and February 2024, this price also decreased by 1.5% at 1.94 USD/kg.
In February 2024, EU imported more than 3,000 tonnes from Vietnam, while export prices to this market still increased by 8.4% at 2.49 USD/kg.
Also in February 2024, the US increased imports of Vietnamese pangasius, reaching more than 6,000 tonnes. Pangasius export price to this market is stable, increasing slightly by 0.8%, about 2.66 USD/kg.
ASEAN market also had a positive impact on Vietnam in February, with import volume increasing slightly, reaching nearly 6,000 tonnes and average export price increasing by 6.8% compared to January 2024 at 1.92 USD/kg.
After a strong price increase in January 2024, Mexican market continued to increase prices in February 2024 with an increase of 7.8% to 2.32 USD/kg. However, in February 2024, this market reduced volume of pangasius imports from Vietnam and reached nearly 1,000 tonnes.
Pangasius export price to the UK is considered stable from the beginning of 2024 at 3.12 USD/kg. However, volume of Vietnamese pangasius exports to the UK in February 2024 decreased to about 740 tonnes.
For Brazilian market, this country has reduced imports of Vietnamese pangasius and reached nearly 2,000 tonnes in February 2024. Pangasius export price to this market also decreased by 0.7% to 2.67 USD/kg.
In February 2024, value of Vietnamese pangasius exports to markets almost decreased by double digits after increasing sharply in previous month, mainly due to the Lunar New Year holiday. However, export prices generally still increase or remain stable.
Also according to Vietnam Association of Seafood Exporters and Producers, in the first half of March 2024, pangasius export turnover to markets reached 74 million USD, down 18% over the same period. As of March 15, 2024, pangasius exports reached 329 million USD, down 0.05% over the same period in 2023.

Source: Vitic/ congthuong.vn