Vietnam looks to fill gap in global white meat fish market

Sat, 05/14/2022 - 16:22

Vietnam's "Agricultural News" reported on May 12, according to the Vietnam Association of Aquatic Products Export and Processing (VASEP), Russia, as the world's largest exporter of white meat fish, has been affected by the conflict between Russia and Ukraine and sanctions from other countries. The decrease has led to a large gap in the supply of the global white meat fish market.

As the world's largest producer and exporter of pangasius, Vietnam can maintain its annual output at around 1.3 million tons, accounting for about 1.3 million tons of pangasius a year, although the aquaculture volume declined to some extent in the third quarter of last year due to the epidemic 40%. Thanks to the recovery of the global pangasius consumption market, in the first quarter of this year, Vietnam’s pangasius export value increased by nearly 90%, of which exports to China and the United States, the world’s main consumer markets for pangasius, reached US$183.4 million and US$160 million, respectively, year-on-year. Growth of 163% and 123%. The association predicts that Vietnam's pangasius export will continue to maintain a relatively large growth in the second and third quarters of this year and gradually fill the gap in the global white meat fish consumption market. The export situation is optimistic throughout the year.