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 Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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