CPTPP Market Bloc Rises to Second Position in Vietnamese Pangasius Imports
Vietnam’s pangasius export market is experiencing notable fluctuations in the first month of 2025. With a turnover exceeding $133 million, down 19% year-over-year, the industry faces numerous challenges but also presents new opportunities for businesses operating in maritime shipping and logistics sectors.#Vietnam Freight forwarder#freight forwarding
Significant changes in the ranking of import markets have created a wave of adjustments in export container shipping activities. Although China and Hong Kong maintain their number one position with $31 million, accounting for 24% of total turnover, the 40% decrease compared to the same period has forced forwarding companies to quickly adjust their strategies.#freight forwarding#cargo courier service#international shipping companies#shipping service company
A noteworthy highlight is the strong rise of the CPTPP bloc, becoming the second-largest pangasius import market with a turnover of $21 million. Despite a 17% decrease compared to January 2024, this shift is creating new opportunities for entrustment export services as markets diversify. Mexico continues to be the largest consumer within the bloc with over $5 million, opening significant potential for international transportation services to the Central American region.#Vietnam Freight forwarder#cargo courier service
Pangasius exports to CPTPP markets reached $21 million in January 2025
Notably, the United States – previously the second-largest market after China and Hong Kong for many years – has now fallen to third position with a turnover of $18 million, down 2%. The Vietnam Association of Seafood Exporters and Producers (VASEP) suggests that the main causes are seasonal factors and inventory levels from late 2024. This situation requires logistics transportation services to flexibly adapt to market demands, especially optimizing shipping costs when volumes decrease.
Meanwhile, the EU market shows positive signals with a 2% increase, reaching over $13 million. Germany stands out with impressive growth of 57%, reaching nearly $3 million, while the Netherlands maintains its leading position in the bloc with $3.4 million despite a 9% decrease. This trend creates opportunities for import-export service providers focusing on the European market, especially companies with strengths in maritime container shipping.#Vietnam Freight forwarder#freight forwarding#cargo courier service#shipping international
The clear differentiation between markets is requiring the import service industry to adopt flexible strategies. Technical barriers and tariffs in the US market, along with competition from other white fish products, are putting pressure on international transportation activities to this market. Import entrustment services can help businesses overcome these barriers by leveraging experience and partner networks.#Vietnam Freight forwarder#freight forwarding#cargo courier service#international shipping companies#shipping service company
With the current market shift trends, entrustment export services are becoming the choice of many small and medium enterprises. Through this model, they can access emerging markets in the CPTPP bloc or EU without substantial investment in their own logistics systems. This is a good opportunity for import-export service providers with network strengths and experience in these markets.#Vietnam Freight forwarder#freight forwarding#cargo courier service#international shipping companies#shipping service company#shipping international
To adapt to the new situation, the logistics industry needs to focus on three key factors: diversifying export markets, optimizing transportation costs, and improving service quality. At the same time, applying technology in supply chain management will help businesses maintain competitiveness and quickly adapt to market changes in the coming period.#Vietnam Freight forwarder#freight forwarding#cargo courier service#international shipping companies#shipping service company#shipping international
