In January 2022, the volume of Vietnamese pangasius exported to Brazil also reached a monthly record, then gradually decreased to the lowest level after 2 years in May with only 1.1 thousand tons. Exports recovered gradually in the third quarter but then declined sharply from November until now due to the impact of inflation and economic slowdown.
In 2022, Vietnam's pangasius exports to Brazil reached over 95 million USD, up 35% compared to 2021, mainly thanks to the increase in average export prices. The peak was in July 2022, the average price of pangasius exports to Brazil reached a record of 3.55 USD/kg, up 51% over the same period last year.
As of mid-February 2023, Vietnam's pangasius exports to Brazil reached US$10.5 million, down 51% over the same period last year. In the general decline trend to most markets, Brazil still ranked the 4th largest import market of Vietnamese pangasius, accounting for nearly 7% of the share.
Brazil's total aquaculture imports in 2022 decreased by 1% in volume but increased by 23% in value compared to 2021, reaching 130,259 tons, worth $897.8 million. Import value increased mainly due to the increase in imports of salmon and pangasius compared to the previous year.
Among the main farmed fish species imported by Brazil in 2022, salmon ranked first at the list with 100,330 tons, worth more than 803 million USD and accounting for 91% of the total import value. The volume of salmon imports remained unchanged but the value increased by 22%. Pangasius imports into Brazil also remained the same in volume but increased by 45% in value to 28,407 tons, worth $90.9 million.
Forecast on Vietnam pangasius industry in 2023 - 2025
Compiled by Thuy Linh
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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