According to Vietnam Customs, in the second quarter of 2024, export value of pangasius to the US market reached 95 million USD, up 15% over the same period in 2023.
Accumulated pangasius exports in the first half of this year to the US reached nearly 160 million USD, up 14% over the same period last year. In particular, April was recorded as the month of pangasius exports with the highest value since the beginning of this year, with nearly 38 million USD, up 34% over the same period.
In June 2024, the US imported more than 26 million USD worth of frozen pangasius fillets from Vietnam, up 20% over June 2023. In the first half of this year, this market consumed more than 156 million USD of this product, up 13% over the same period last year, accounting for 98% of proportion. Some Vietnamese pangasius products favored by US consumers include: frozen pangasius fillets; frozen pangasius slices/chunks; frozen breaded pangasius; puffed dried pangasius, fried pangasius skin exported to the US market.
Notably, in the first 6 months of 2024, value-added pangasius exports to the US also grew impressively, with a value of nearly 2 million USD, an 8-fold increase over the same period in 2023, accounting for 1% of proportion. In particular, April 2024 recorded the strongest growth over the same period, nearly 70,000 times higher and June 2024 was the month when Vietnam exported the most value-added pangasius to the US since the beginning of this year, an increase of 7 times compared to June 2023.
The US is the second largest pangasius consuming market after China and Hong Kong (China). Following the growth momentum in the first quarter of 2024, orders increased significantly in the second quarter of 2024, along with inventory in the US market in 2023 gradually decreasing, average export price of pangasius to the US also gradually recovered.
Average export price of pangasius to the US in the first half of this year has tended to increase gradually every month. In June 2024, average export price of Vietnamese pangasius to the US was at 2.99 USD/kg - the highest level since the beginning of 2024.
Consumers in the US are increasing their demand for white fish products, especially pangasius from Vietnam. Pangasius exports to the US in the first 6 months of this year have shown many positive signs after continuously declining in 2023. In addition, a fact that supply of white fish to the US is decreasing in context of scarcity of other white fish products such as tilapia is also a positive sign for Vietnamese pangasius exports to the US market.

Source: Vitic/ congthuong.vn