Frozen fillets remain dominant while value-added products gradually strengthen their position
Frozen pangasius fillets under HS0304 continued to be the leading product category, generating USD 38 million, accounting for nearly 87% of total export value and increasing 7% year-on-year. This product line is favored across most ASEAN markets thanks to its competitive pricing, stable supply, and wide applicability in retail, foodservice, and industrial processing channels. Meanwhile, dried pangasius and other frozen products — although still maintaining certain demand in Malaysia and Thailand — recorded a slight decline of 6%, reflecting growing competition from domestic seafood supplies in these markets.
Notably, value-added pangasius products reached USD 3 million, up 11%, signaling expanding demand for convenient food products in major urban areas across the region, particularly in Thailand, Malaysia, and Singapore. Although the segment remains relatively small, it offers clear growth potential and is increasingly aligned with the consumption habits of younger, busier urban consumers in ASEAN.
Thailand, the Philippines, and Malaysia drive regional growth
Thailand remained the largest market, with pangasius export value reaching USD 24 million in the first three months of 2026. Exports to both the Philippines and Malaysia reached USD 9 million each. Together, these three markets accounted for the majority of Vietnam’s pangasius export growth within ASEAN. Other markets such as Brunei, Indonesia, and Laos remained relatively small in scale, but Vietnam’s presence there reflects the long-term geographical expansion of Vietnamese pangasius within the region.
ASEAN: A promising market amid export restructuring
ASEAN offers structural advantages that many major export markets do not. Its geographical proximity helps optimize logistics costs, while similarities in culinary culture facilitate market penetration for Vietnamese pangasius. Intra-bloc tariff preferences also directly support price competitiveness — an advantage that becomes even more significant as global whitefish supply tightens and prices of cod and pollock remain high.
While the US market continues to face pressure from retaliatory tariffs, accelerating diversification toward ASEAN is becoming an increasingly important strategy. With stable growth and a favorable institutional framework, ASEAN is emerging as a promising market in the restructuring of Vietnam’s pangasius exports in 2026.
The remaining challenge is to increase the share of value-added products in exports to ASEAN — not only to enhance value per shipment, but also to meet the rapidly changing demands of the region’s urban consumers and reduce dependence on a single product category.
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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