Vietnam pangasius exports to Brazil were unstable

(seafood.vasep.com.vn) In contrast to the trend of exports last year, in the first 8 months of this year, Vietnam pangasius exports to the Brazil were unstable.

In Jan-Apr 2016, shipments to Brazil surged up with the value of over US$27.1 million, up 273.9% from the same period last year, while those from May 2016 were on the downward trend.

In QI/2015, pangasius exports to Brazil were stalled due to the temporary ban imposed by Brazil's Ministry of Fisheries and Aquaculture (MPA) on Vietnamese pangasius. Then, since Apr 2015, the MPA allowed to grant import license of seafood products from Vietnam after a pause. Therefore, Vietnam pangasius exports to the market posted the sharp increase in the first 3 months of 2016.

Besides, a drop in Brazilian real and economic crisis in Brazil also led to difficulties in exports to this market. In addition, pangasius from Vietnam had to strongly compete with whitefish products from China. While China focused on exports of Alaska pollock, Vietnam boosted shipments of frozen pangasius fillets.

In coming time, Vietnam pangasius export prices expected to remain at around US$1.55/kg.

Imports of whitefish into Brazil, Jan-Aug 2016 (Thousand US$)

Code

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Jan-Aug 2016

Frozen hake fillets (HS code 030474)

7,545

8,540

6,705

3,665

4,756

4,627

3,460

3,933

43,231

Frozen catfish fillets (HS code 030462)

7,485

7,860

7,075

3,856

4,320

2,697

3,680

3,262

40,235

Frozen Alaska pollock fillets (HS code 030475)

7,034

9,662

6,512

715

1,861

1,541

2,408

2,370

32,103

Frozen cod (HS code 030363)

2,999

6,635

3,887

1,250

1,847

1,141

629

1,196

19,584

Frozen cod fillets (HS code 030471)

911

1,964

1,737

153

61

1,145

513

564

7,048

Frozen Alaska (HS code 030367)

26

407

112

-

-

-

29

269

843

Frozen hake (HS code 030366)

62

221

91

20

89

57

80

132

752

Frozen catfish (HS code 030324)

24

18

36

16

27

0

11

5

137

Written by Ta Ha

Compiled by Dieu Thuy


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PANGASIUS MARKET

Ms Thu Hang

Email: thuhang@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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