The Vietnam Association of Seafood Exporters and Producers (VASEP) has warned that pangasius from Vietnam is encountering growing competition from domestically farmed fish in China.
In two statements made near the end of 2024, VASEP said China, including Hong Kong, remained Vietnam’s biggest pangasius importer in the first 11 months of 2024, buying over USD 500 million (EUR 485 million) worth of the fish – up 1 percent year over year and accounting for 27.8 percent of Vietnam’s pangasius export value.
Though the market remained steady for Vietnam, VASEP has raised concerns that China is implementing plans to increase domestic production of its own pangasius to meet local demand and reduce imports.
Signaling China’s growing desire to farm pangasius domestically, Hainan Xiangtai Fishery, one of China’s leading tilapia exporters, has entered the pangasius business by building …
