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Accordingly, in January 2024, seafood exports increased by 64% compared to the same period in 2023, reaching 750 million USD: shrimp increased by 71%, pangasius increased by 97%, tuna increased by 57%, BT squid increased by 45%, other types of fish increased by 50%

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of November 2023, Vietnam's pangasius exports reached nearly 1.7 billion USD, down 26% over the same period last year. The average price of pangasius exports decreased in main markets, especially the US and China, pulling the value of pangasius exports lower than in 2022.

Seafood Expo Asia is a trade event where buyers and suppliers of seafood from around the world come together to network and conduct business in the lucrative Asia markets. The next event will be 11-13 September 2023 at the Sands Expo and Convention Centre in Singapore. The exposition is produced by Diversified Communications.

VIETFISH – a large-scale seafood exhibition VIETFISH 2023 will officially take place at the Saigon Exhibition and Convention Center from August 23 to 25, 2023, with the theme: 'Quality Connected Destination.' The event marks a 24-year journey of the VIETFISH and is also the starting point for a new and energetic journey.

Many key seafood products dropped sharply Information from the Ministry of Agriculture and Rural Development, in the first 5 months of 2023, the main export seafood products recorded a sharp decline. For example, pangasius export only earned 690 million USD, down 40.7%; shrimp reached 1.22 billion USD, down 34.4% over the same period in 2022.

Shrimp import demand is expected to be more positive from the second quarter of 2023 Vietnam's shrimp exports in 2023 will face challenges from inflation, the global economic downturn affecting the consumption of major markets. Besides, Vietnamese shrimp must compete directly with Ecuador and India in terms of price. Import demand is expected to recover from the second quarter thanks to the lower price trend.

Although the cost of farmed shrimp in Vietnam is still high, transportation costs are high, and some major shrimp producing countries have improved processing, in general, Vietnamese shrimp still have a great advantage in the market, especially in the high-end market segment.

(seafood.vasep.com.vn) According to Customs statistics, by mid-October 2022, the country's pangasius exports reached 2.06 billion USD, an increase of 60% over the same period in 2022. By the end of October 2022, pangasius exports is forecast to earn nearly 2.2 billion USD in foreign currency, an increase of 80% compared to the same period in 2021. Of which, the Chinese market alone accounted for 30% with about 654 million USD, up 110%.

(seafood.vasep.com.vn) Although still up 31% over the same period, the export turnover of 179 million USD in October recorded the lowest level since the beginning of 2022. The export growth rate over the same period last year was also the lowest. By the end of October, Vietnam pangasius exports reached 2.1 billion USD, up 75% compared to the same in 2021.

Dominate the market with good prices In the context of record inflation in some countries, the prices of food items have increased. Pangasius products with the advantage of affordable prices have become the right choice for many consumers around the world, so Vietnamese pangasius processing and exporting enterprises quickly increase their market share in other countries.

(seafood.vasep.com.vn) The nearly 2 billion USD of pangasius exports in the first 9 months of 2022 went beyond the expectations of Vietnam’s seafood industry. However, looking at the export performance in September, we can see that inflation has strongly hit all food and seafood industries, not excluding pangasius.