Vietnam Pangasius Market: Dec 17, 2020

Input raw material

  • According to raw material suppliers, by end of Sept 2020, the pangasius farming area in the Meking Delta is 4,968 hectares, equal to 91% compared with same period in 2020
  • Total production of pangasius in first 9 months of 2020 is about 1 million MT
  • Seafood suppliers advise that pangasius seed size 30~35 pcs/kg price was at 27,000 VND/kg

Raw material Price

  • Farming cost: average is 23,000 VND/kg
  • First 9 months: Raw material price at 17,000 VND  ~ 19,000 VND/kg, much lower than farming cost. Farmers suffered losses and stopped farming or changes to farm other kinds of fish
  • Since Sept, price has risen to 25,000 VND/kg
  • In 2020, the average raw material price is the during the past 4 years


  • In first 9 months, exporters have seen the export value of pangasius exports decrease by 30% over the same period of last year
  • Seafood exporters saw the total export value of pangasius reach USD 1.04 billion, down 28.6%
  • Among the main frozen seafood export products, only shrimp had a good export growth.  Export turnover of shrimp accounted for 45% export value of VN seafood while pangasius continuously decreased , accounting for only 17.3%, down from 23% of last year
  • The price of pangasius also  low, also affected the export turnover of pangasius.

Pangasius International Markets

  • By the end of Sept, Vietnam exported pangasius to 134 markets around the world
  • Export value reached to 375.1 Million USD, down 24.8% over the same period last year
  • China/Hk, US and Asia are still the 3 largest market of pangasius
  • Sales in top 10 pangasius market decreased : China& HK decreased 16.8%, Asian decreased 30.3%, EU decreased by 33.8%. Mexico decreased by 56.3%, Brazil decreased by 31.4%, Colombia decreased by 44.7%, The USA down by 16.8%  and other markets decreased by 40.3%.  However, the UK market increased by 26.9%.

Siam Canadian Group Frozen Seafood Exporters 

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