From 2020 to now, China & HK have always maintained the No. 1 position in importing Vietnamese pangasius. Compared to the main markets, China & HK maintained the highest growth.

After a period of continuous decline from September 2022 to January 2023, the average export price of pangasius to this market was stable in the following months. The average price of Vietnamese pangasius exports to China in the first 5 months of 2023 ranged from 2.11 USD/kg - 2.29USD/kg, down 10% over the same period in 2022. In May alone, the average price averaged 2.29USD/kg, up 0.4% month on month.

Consumption demand has declined, with inflation remaining near 0% in China. Businesses and consumers expect further price drops, delaying spending and leading to a significant decrease in goods consumption. Both the consumer price and producer price indexes indicate a continued weakening of the world's second-largest economy in May, negatively affecting pangasius exports to this market in the first half of the year.

Compiled by Thuy Linh 
Source: Vasep