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Shrimp export to this market has recorded considerable growth in the past two years and is evaluated to have further opportunities to thrive in the near future.
In the first 5 months of this year, Vietnamese pangasius processing factories have made every effort to run at full processing capacity, with a total export value of 1.21 billion USD, an increase of nearly 90% compared to the same period last year. The good growth in most major export markets compensated for more than 3 years the pangasius industry was severely damaged by Covid-19. It is forecasted that pangasius exports can reach $2.6 billion this year.
With THAIFEX Anuga Asia 2022 being held again after a two-year hiatus, Vietnamese businesses are having more opportunities to find new customers, expand markets to restore production, doing business after a difficult time due to the Covid-19 pandemic.
In April 2022, Vietnam seafood exports continued to bring in over 1 billion USD with strong growth of 41% over the same period in 2021. Accordingly, total Vietnam seafood export for the first 4 months of the year is expected to reach $3.6 billion, 44.5% higher than the same period last year.
According to the latest news from VASEP about the exporting data record of Pangasius in Vietnam to the world, Our company - VN SEAFOOD is very honored to be in the top 15 Pangasius exporters to the UK in the first quarter of 2022.
Oil prices skyrocketed by 30 percent after Russia launched military action against Ukraine, resulting in western sanctions on the former that have disrupted supply chains.