Pangasius imports of Mexico betters after TPP

(vasep.com.vn) Vietnam is currently the third largest frozen seafood supplier to Mexico , just behind after China and Chile. In Q2/2015, pangasius exports to this market suddenly dropped. June imports halved from May. This also happened in frozen tilapia fillets imports from China.

Accounting for 61- 63.5% of total seafood imports, fresh/chilled/frozen fish fillet (HS 0304) continued to be the major imported seafood item, in which tilapia took up the most (34 to 36.3%), followed by pangaius and catfish HS 300462.

In H1/2015, Mexico increased imports of whitefish (cod, Alaska pollock) but as it turned to the third quarter, import value decreased from 30- 40% quarter on quarter.

Pangasius export to Mexico did not rise in the first 9 months of 2015 but it is expected to  slowly increase in the last months of this year.

In the TPP, Mexico committed to removing tax for pangasius from Vietnam in the 3rd year after the agreement enters into force. Export in 2016 - 2017 is forecast to grow better than the previous year.

 

Seafood imports of Mexico 2015 (US$ thousands)

HS

Product

Q1

Q2

Jul

Aug

Jan-Aug 2015

0304

Fish fillets and pieces, fresh, chilled or frozen

105,739

69,396

24,250

22,998

222,383

030461

Frozen fillets, Tilapias

36,531

25,160

7,285

7,442

76,418

030462

Frozen fillets, Catfish and pangasius

39,498

14,953

5,625

6,977

67,053

030471

Frozen fillets, Cod

134

74

1

20

229

030475

Frozen fillets, Alaska Pollack

1,025

314

117

79

1,535

0306

Crustaceans

31,352

18,253

5,428

2,591

57,624

0307

Molusks

22,957

10,185

2,245

2,628

38,015

0303

Fish, frozen, whole

22,957

10,185

8,021

4,710

45,873

0305

Fish, cured or smoked and fish meal fit for human consumption

1,731

2,026

1,791

1,251

6,799

0302

Fish, fresh, whole

1,577

1,110

250

297

3,234

0301

Live fish

848

884

295

298

2,325

0308

Aquatic invertebrates other than crustaceans and molluscs, live, fresh, chilled, frozen

14

29

3

1

47

Source: ITC


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SPECIALIST ON
PANGASIUS MARKET

Ms Thu Hang

Email: thuhang@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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