According to the information available sudden rise in demand of Vietnam pangasius in international market has boost the export of the species. In 2011, pangasius export value of Vietnam remained at double digit growth while pangasius export volume kept at one digit growth, even fell in February and July 2011.
The total volume of pangasius export in 2011 was estimated to 600,000 MT, rise of 3 percent compared to that of 2010. In 2011, monthly average export price of Vietnam pangasius kept surging and peaked in June and August and fell slightly in February and July 2011. Even the supply of raw material was deficient but still the export has managed to such a height.
In 2011, exported pangasius was mainly frozen fish fillet with the export value of US$1.79 billion, holding 99 percent of the total pangasius export value of Vietnam. The most important import market was US while the Netherlands was the largest consumer of processed fish products with the export value of US$5.4 million, making up 38.81 percent of the total export value of processed fish.
The U.S. and EU were still the biggest consumers of Vietnam pangasius, making up 47 percent of total export value of Vietnam pangasius in 2011. The pangasius export proportion to EU fell by 37 percent to 29.7 percent because export to Spain (the largest fish consumer in EU block) fell 9.4 percent.
