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Brazil becomes increasingly important to Vietnam seafood exports
October 07, 2014, 04:38 PM
(vasep.com.vn) In 2013, Brazil appeared in top 10 largest import markets for Vietnam seafood. In the total value of US$ 123 million, pangasius made up US$ 122 million, accounted for 99%. While exports to major markets, namely EU, USA and Japan were on downward trends, Brazil became an increasingly important market for Vietnam seafood export products, especially frozen fish fillets.

From 5th place in 2011 with 4.7% of total pangasius imports from Vietnam, Brazil was ranked 2nd in 2013 and remain this position 2014. Eight months of 2014 saw an increase of Brazil domination in market shares to 7.2%.

 

Pangasius exports to Brazil 2011- 2014

Year

        Value           (US$ million)

Growth (%)

Proportion (%)

Position of Brazil  (by markets)

2011

84.527

150

4.7

5

2012

79.099

-6.4

4.5

4

2013

121.839

54

6.9

2

2014 (Jan- Aug)

81.233

17.8

7.2

2

 

As of September 15th 2014, Vietnam pangasius exports to Brazil reached US$ 86.2 million, up 19% year on year, adding 0.1% to the share of Brazil in 2014. 

In 2013, Brazil was the 13th biggest seafood importer, with nearly 420 thousand MT. Brazil imported 176 thousand MT of frozen fillets (HS code 0304), accounted for 42% of total seafood imports. It was the 8th global biggest frozen fillet importer with continuous growth in 10 consecutive years. Compared to 34 thousand MT in 2004, it was a 5-fold growth.

Until 2013, China was the largest seafood supplier for Brazilian market with over 73 thousand MT, accounted for 41% of total shares while Vietnam was the runner up with 54 thousand MT, accounted for 31%. In 2014, Vietnam surpassed China to be the largest supplier of frozen fish fillets to Brazil, with about 44 thousand MT of pangasius in 8 months of the year, while China exported 33 thousand MT of seafood, mostly were marine fish such as pollock, salmon and cod.

In 8 first months of 2014 , imports of frozen fish fillets of Brazil dropped by 7.4%, from 118 thousand MT (in 2013) to 109 thousand MT. Import volumes rose in the initial 4 months of the year, sharp year-on-year decline of 15-36% was witnessed.  

A quarter of the total fillet products imported in the first 8 months of 2014 was frozen catfish fillets, with the volume of over 27 thousand MT, up nearly 89%. Alaskan pollock was the second most imported product with 23 thousand MT, down 49%.

Vietnam pangasius is highly appreciated in Brazilian market with the increase in both volume and average price.  also increased significantly. Brazil imported catfish at the average price from US$ 1.93 - 1.94/kg from January to April. From May to September, the price was US$ 2.02 - 2.08 USD/kg. 

 

Top 5 fresh/chilled/frozen fish fillet imported by Brazil, Jan-Aug 2013-2014 (MT)

HS Code

Products

Jan-Aug 2013

Jan-Aug 2014

Change (%)

030462

Catfish

14,489

27,342

88.7

030475

Alaskan pollock

45,716

23,212

-49.2

030489

Frozen fillets, other fish, n.e.s.

21,041

19,680

-6.5

030474

Hake

16,831

19,608

16.5

030481

Frozen Pacific salmon, Atlantic salmon and Danube salmon

8,333

10,208

22.5

Thu Trang
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