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    Home > Food News > Food Articles > Vietnam Cha fish is exported to many countries and regions in the world

    Vietnam Cha fish is exported to many countries and regions in the world

    • Last Update: 2023-02-01
    • Source: Internet
    • Author: User
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    The Vietnam Aquatic Products Export and Processing Association predicts that in 2023, the world's supply sources of various white meat fish will tend to decline, and its prices will skyrocket, so Vietnam Cha Fish will usher in optimistic opportunities
    .
    Vasep statistics show that over the years, the average annual export of fish has reached 1.
    5 billion to 2.
    4 billion US dollars, accounting for 16% to 26%
    of the country's total aquatic product exports.
     
    At present, Vietnamese Chayu has been sold in most traditional markets such as the United States and the European Union, where food safety and technical regulations are strict, as well as the Japanese market
    .
     
    Affected by the COVID-19 pandemic, Vietnam's total fish exports in 2020 totaled US$1.
    5 billion, down 26% year-on-year, the lowest level in history
    .
    The reason is the decline in demand, and more seriously, the disruption of the global trade logistics supply chain and the rise in shipping costs have made it difficult for fish export companies to gain a foothold
    in markets such as Europe and the Americas.
     
    In 2021, the consumer market began to stabilize, but the wave of coronavirus infections continued in Vietnam and peaked in the third quarter of 2021, causing disruptions to the entire aquatic trade production chain, the most serious of which was Chayu
    .
    As a result, although the volume of inspections and exports in 2021 rebounded by 8%, the total amount was only US$1.
    6 billion
    .
     
    In 2022, Vietnam's fish exports made a strong breakthrough, with a total export volume of US$2.
    4 billion, a record high
    .
    Among them, the main reasons are that after the peak period of the epidemic, there are more inventories, production and processing have resumed, and demand in various markets has increased; The price of fish exports to various markets, especially the United States, has increased by 20-55%.

    In addition, the conflict between Russia and Ukraine has led to a reduction in the supply of white-meat fish in many markets, providing an opportunity
    for Vietnamese cha fish to increase its foreign market share.
     
    In the future, inflation will reduce the demand for aquatic products in the world market, and the export of chayu will also be partially affected, but with the advantages of stable supply and suitable prices, Vietnam's chayu exports will remain stable, and it is expected that a new breakthrough growth
    will be achieved after the market stabilizes.
    (End)
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