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WHAT IS THE DRIVING FORCE FOR VIETNAM'S PANGASIUS FISH EXPORTS IN 2025?

(vasep.com.vn) Another proud year of XK Vietnamese fishermen when reaching the milestone of more than USD 2 billion, contributing 20% to the total amount of XK fisheries products in Vietnam.

XK Vietnamese fish overcome 2024 with challenges with USD 2 billion in XK turnover, along with the slow but solid growth momentum. Changes in consumer preferences, market adjustments, fluctuations in geopolitical factors, war, freight rates, taxes, etc. is an unavoidable barrier in the current context.

However, the prerequisite for a product to stand firm in the market in general and gain full consumer confidence in particular is still good quality, accompanied by reasonable prices. The good quality of finished products comes from good manufacturing and processing processes and complies with ATTP hygiene standards. To get that, before entering the factory and started processing, the harvested fish must meet all the size requirements, not carrying diseases. A good breed, carefully selected, raised in good conditions will determine the quality of the final product.

The average breeding time for pollack is 10 months, the fish will be about 0.7 - 1.5 kg/child that meets the commercial fishing standards. The breeding time is long, requires perseverance, care, meticulousness, close observation of the fish herd, timely detection and separation of the sick animal from the herd, ensuring production for the processing, production, export. So for increased production and exports, farmers are an important driver. Profitable farmers are the driving force to expand their ponds and limit the suspension of ponds.

2025 is considered an important year of the Vietnamese fisheries export industry with the core motivation of Vietnamese farmers and fishermen. 2025 also promises to be the year when pangasius export conquer new milestones. In terms of the consumption market, China & HK are still the top destination for Vietnamese fishermen. Particularly in December 2024, XK bet on this market reached more than 52 million USD, up 19% compared to the same period. The cumulative XK bet for the whole year 2024 to China & HK reached more than USD 580 million, a slight increase of 1.3% compared to 2023.

The U.S. continues to maintain the 2nd place, following China in the top of NK countries with the most number of Vietnamese fishermen. In the last month of 2024, XK trawlers to the US reached nearly US$28 million, up 40% from December 2023.

XK betters to the market block supported by the CPTPP Agreement also recorded 10% growth in 2024, with more than US$274 million. In particular, Mexico is still the top country in the NK category with the most inspectors from Vietnam. In 2024, XK trawlers to Mexico reached $76 million, up 4% from 2023.

The XK bet to the EU in the last month of 2024 also reached nearly US$16 million, an 18% increase compared to December 2023. Netherlands, Germany, Belgium, Spain... In turn, it is the top of NK countries with the most Vietnamese fish in the block. However, unlike other countries, XK alone to Germany saw a 2% decrease in 2024, with a value of more than USD 37 million.

 

 

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Hello! I am Victoria Anderson. I am city skyline and landscape photographer. I fell in love with photography when I bought my first digital camera Canon 5d Mark II back in 2011.