In Q.I/2014, seafood imports into Brazil were 133 thousand MT, worth US$497 million, up 15 percent year on year in value. The average price was US$3.8 per kilogram, up 19 percent. Vietnam was the fourth seafood supplier to Brazil, accounting for 9 percent of total imports. It mainly provide frozen pangasius fillets. Chile ranked first among Brazil’s seafood suppliers with 32 percent of proportion, followed by China with 20 percent.
Alaska pollock made up of the largest part in Brazilian purchase of frozen white meat fish fillets, followed by pangasius and hake. However, in the first quarter of 2014, Alaska pollock products imported into Brazil decreased by 16 percent year on year. Hake imports by the country increased by 10 percent while pangasius got a strong growth of 123 percent (International Trade Center (ITC) statistic). In the period, the country bought 18,200 MT of frozen Alaska pollock fillets, 12,533 MT of frozen pangasius fillets and 11,150 MT of frozen hake fillets.
If the trend is stable, pangasius will pass Alaska pollock to be the first imported fish in Brazil.
In Q.I/2014, Brazil sourced only fresh, frozen and chilled pangasius fillets. There no cargo of catfish from China. Export price for pangasius saw rise in the first months of the year because of higher demand in Brazilian market.
(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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