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Rise in Vietnam pangasius sales to Mexico
April 25, 2017, 03:01 PM
(seafood.vasep.com.vn) In the first two months of 2017, Vietnam pangasius exports to Mexico reached US$15.5 million, up 38% over the same period last year. Thus, after China and the US, Mexico was the third largest import market of Vietnam pangasius in the early 2017.

In 2014-2015, pangasius exports to Mexico were quiet and reported negative growth in several months. From March 2016 upto now, pangasius exports to the market have been more stable and have reported good growth.

According to ITC statistics, pangasius and Chinese tilapia are currently competing in Mexico. In 2016, frozen tilapia imports (HS 030461) into Mexico from China remained good: 14% over the previous year. However, imports of frozen pangasius fillets have decreased by 19% compared to 2015.

Since 2012, tilapia products from Vietnam have also begun to compete strongly with Chinese tilapia in Mexico with better price.

Demand for importing tilapia is forecasted to stabilize in the time to come, while imports of pangasius are forecast to increase gradually in Mexico market. Therefore, in the coming time, in addition to boosting tilapia export to this market, Vietnam pangasius businesses can increase their market share of pangasius to Latin America, including Mexico.

White fish imports into Mexico, 2015-2016 (US$ thousand)

Products

Q1

Q2

Q3

Q4

2016

2015

↑↓%

Frozen tilapia fillet (HS 030461)

31,925

25,111

42,063

39,391

138,490

121,117

14

Frozen pangasius fillet (HS 030462)

22,944

16,843

22,773

26,251

88,811

109,366

-19

Frozen tilapia (HS 030323)

7,708

2,780

2,815

3,538

16,841

14,461

16

Frozen pangasius (HS 030324)

593

515

239

601

1,948

1,506

29

Frozen Alaska fillet (HS 030475)

912

224

269

323

1,728

1,977

-13

Tilapia meat (HS 030493)

202

240

304

231

977

451

117

Frozen cod fillet (HS 030471)

62

162

173

166

563

442

27

Total

64,515

46,138

68,724

70,739

250,116

250,646

0

Written by Ta Ha

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Specialist on Pangasius market
Ms Ta Ha
Tel:+84.24.3771.5055 (ext. 214)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Add: 218 Road Nguyen Quy Canh, Zone A, An Phu An Khanh New Urban Area, District 2, HCM city, Vietnam
Tel: (+84 8) 62810430 / Fax: (+84 28) 62810437 / Email: vasephcmcity@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn
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