However, Vietnamese pangasius sales to Mexico are downing. In September, exports decreased by 37 percent to US$4.8 million. This was the second consecutive month reporting drop in value.
Some exporters said that Mexican pagasius imports downed because there were much more domestic-farmed tilapia in this market. Moreover, prices for domestic and imported tilapia products were stable, so local consumers were turning to eat this kind of fish.
Importing tilapia products into the market has increased since May 2013. In the first months of the year, Mexico just purchased a much lower volume of tilapia compared to that of pangasius. However, purchases of these two kinds of fishes were nearly the same since May.
With total of US$78.7 million, China remained the leading supplier of frozen fish fillets of Mexico in terms of value through July 2013, followed by Vietnam with US$69.4 million.
Generally, Mexican consumers like eating more frozen fish than fresh and canned products. So far, per-capita seafood consumption of the country was 9 kilogram per year. Mexico’s governement took measures to enhance per-capita consumption in the next ten years. Currently, the country reports an annual fishery production of 1.7 million MT; 85 percent of which was wild-caught fishes, the rest is aquacultural species. Shrimp, tilapia, tuna are the main wild-caught and farmed species. Tilapia and catfish are also increasingly grown in some states of Mexico.
Mexico plans to undertake a pilot farming program with pangasius seeds from Vietnam, as well as conduct research to assess eventual environmental impacts of pangasius aquaculture on surrounding areas and communities.
Despite downing pangasius exports to Mexico in the last two months, this country has still been a steady market for Vietnamese pangasius with higher exported price compared to those offered by other importers, Vietnamese companies said.
|
Mexican imports of frozen fish fillets (HS code 0304) in 2013, US$ thousand |
||||||||
|
Origin |
January |
February |
March |
April |
May |
June |
July |
Jan - Jul |
|
China |
11,564 |
10,826 |
3,665 |
7,601 |
12,997 |
14,506 |
17,559 |
78,718 |
|
Vietnam |
12,450 |
12,514 |
9,582 |
7,721 |
8,120 |
8,667 |
10,355 |
69,409 |
|
Chile |
3,530 |
5,020 |
3,998 |
2,338 |
6,199 |
5,419 |
6,753 |
33,257 |
|
Indonesia |
14 |
478 |
238 |
464 |
680 |
282 |
790 |
2,946 |
|
Nicaragua |
152 |
164 |
29 |
64 |
48 |
54 |
244 |
755 |
|
Peru |
0 |
202 |
96 |
0 |
100 |
17 |
220 |
635 |
|
The U.S. |
177 |
129 |
342 |
149 |
166 |
197 |
200 |
1,360 |
(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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