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 fish (mainly pangasius) in 8 months of the year, while China exported 33 thousand MT of fish, 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. 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 fillets 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 |
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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