Mexico is listed in the top 8 Vietnam pangasius importing markets. Frozen pangasius fillets exports to Mexico reported positive growth but the price was not higher than that from 2013.
Among frozen whitefish fillets, pangasius was the most imported item, followed by tilapia and Alaska pollock. Price of pangasius was relatively lower than tilapia.
Mexico has expanded and developed the tilapia farming in the recent years. The country focuses on achieving international certifications for tilapia rearing. Mexico has its the first tilapia farm certified best aquaculture practices (BAP) by Global Aquaculture Alliance (GAA).
In mid July 2014, Mexico National Service for Agro-Alimentary Public Health (SENASICA), under Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA) announced that from 29th July 2014, all seafoods (farmed and captured) imported into this country must comply with new quarantine regulations of SENASICA.
Mexico is the one of the biggest economies in Latin America. More than a half (about 55%) of imports into this market are from Americas, while Asian countries account more than 30%. Many economic organizations expect that Mexico will surpass Brazil to become the largest economy in Latin America in the next decade. This will be an advantage to boost exports of pangasius and other seafoods into this market in the near future.
|
Mexico’s imports of frozen pangasius fillets from Vietnam and frozen catfish fillets from other countries (kg) |
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|
Origin |
QI/2013 |
QII/2013 |
QIII/2013 |
QIV/2013 |
QI/2014 |
QII/2014 |
QIII/2014 |
|
Vietnam |
13,957,323 |
10,001,137 |
11,525,216 |
10,243,391 |
13,179,286 |
12,998,954 |
11,115,481 |
|
China |
21,913 |
60,548 |
70,307 |
0 |
93,202 |
0 |
0 |
|
Taiwan |
5 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Portugal |
8,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
India |
0 |
2 |
0 |
0 |
0 |
0 |
0 |
|
Average price frozen pangasius fillets from Vietnam and frozen catfish fillets from China imported into Mexico (US$/kg) |
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|
Origin |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
|
Vietnam |
2.01 |
2.09 |
2.15 |
2.13 |
2.13 |
2.32 |
2.13 |
2.12 |
2.01 |
|
China |
3.01 |
1.93 |
|
|
|
|
|
|
|
(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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