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) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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