Analyst Pin-board Seafood – Signals of pangasius export recovery in 4Q2022
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· In 8M-2022, pangasius export value reached USD 1.8 Bn, soaring 80% YoY. In August 2022, pangasius exports to many markets showed positive signs of recovery with USD 195 Mn, slightly increasing compared to July. · In 3Q2022, RongViet Research forecasts that pangasius export value will decrease by about 20-25% compared to 2Q2022 but will roughly double compared to the low base of the same period. We expect that pangasius exports in Q4 will gradually improve compared to Q3 due to some positive signs from the demand side. · In 2023, we expect that pangasius exports to the US and EU markets will gradually cool down due to recovering global supply and decreasing consumption while Chinese market will be the bright spot driven by pent-up demand. |
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