The average export price of Vietnamese pangasius increased slightly in February 2024

Pangasius exports in February 2024 to markets witnessed negative growth from 35% -56%. In February 2024, Vietnam's pangasius export volume decreased, but the average price still increased due to some concerns about lack of supply and positive market demand. In February 2024, the export volume of pangasius products decreased by 36% over the same period last year, reaching more than 42 thousand tons and down 40% compared to January 2024.

Although export volume decreased, the 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. From the beginning of 2024, the EU announced a 13.7% tax on all Russian pollock products and third-country products originating from Russia. Since the end of December 2023, the US has imposed a ban on importing seafood products processed in third countries but originating from Russia.

The average export price of Vietnamese pangasius increased slightly in February 2024

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