Report

Seafood industry – Signs of recovery in pangasius exports to China from Q2/2023

  • Pangasius exports to the US market continue to remain low, stemming from a high base in FY2022, weak demand and excessive inventories.
  • In contrast, China is the silver lining, with demand for seafood  rising after the market's reopening. While the extent of the impact of this event is still a wild card, there are some indications that exports to the Chinese market could gradually improve from Q2/2023.
  • The recovery of the Chinese market does not necessarily mean that the industry will be immune to the bust cycle. Although short-term trading strategies based on relevant news may exist, we advise against adopting a long-term holding strategy in 2023.

 

Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Loan Nguyen

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