HKOL.COM – In Vietnam, Vietnam’s pangasius industry is facing increasingly fierce competition from other producers. However, thanks to its competitive pricing, Vietnamese businesses expect to increase both the volume and value of exports, particularly in the U.S. market.
Growth of Vietnam’s Pangasius Industry in the New Trade Context
The current trade environment is opening new opportunities for Vietnam’s pangasius sector, as tariff policies on China have created more favorable conditions for Vietnamese seafood products. Forecasts indicate that by 2025, both the export volume and value of pangasius will continue to grow, helping businesses expand their market share in key regions.
To achieve this goal, Vietnam needs to invest heavily in programs aimed at improving breed quality, enhancing disease resistance, and adapting to climate change. Optimizing the supply chain and ensuring compliance with international quality standards will also play a crucial role in strengthening the global export position of Vietnam’s pangasius industry.
Opportunities and Competitive Challenges of Vietnam’s Pangasius Industry in the Global Market
Vietnam’s pangasius accounts for 42% of global pangasius production, while India, China, and Bangladesh contribute between 15% and 21%. While competing products from Russia and China face unfavorable factors, Vietnam’s panga exports could increase by 5-10% in 2025, thanks to better consumer confidence and the following factors: the Trump administration’s expected high tariffs on Chinese goods, which will benefit Vietnam’s seafood industry; the Vietnam – United Arab Emirates Comprehensive Economic Partnership Agreement, signed in 2024, will create opportunities for Vietnam’s seafood exports to the UAE market; the U.S. anti-dumping duties on Vietnamese panga are lower than those imposed on other countries; the cost of aquafeed is trending downward.
Indonesia, India and China are boosting pangasius production and processing capacity, gradually expanding market share through price competition strategies. Although their product quality has not reached the same level of stability as Vietnam, focusing on specific market segments is creating great pressure on Vietnamese pangasius exports. This especially affects key markets such as the US, EU, Japan and the Gulf region.
Currently, Vietnam accounts for 42% of global pangasius production while India, China and Bangladesh only contribute from 15% to 21%. In the context of increasingly fierce competition, Vietnam still has the potential for export growth of 5-10% by 2025, thanks to important strategic advantages.
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Hong Kong Ocean Leader (HKOL) established with the awareness that although Asian seafood is one of the richest resources, it has not yet been widely recognized globally for its diversity and quality.
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Kindly please visit HKOL website to explore our Pangasius products: https://hkoceanleader.com/danh-muc-san-pham/pangasius/
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Are you looking for pangasius products for your sales plan for 2025? Contact HKOL right now for the best offers.
By Lucy Dang (HKOL Team)
(Reference: VASEP)
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