Up 57% in Vietnam pangasius exports to Brazil

News 10:47 24/06/2016
(seafood.vasep.com.vn) As of the first half of May 2016, Vietnam pangasius exports to Brazil reached US$29.12 million, up 189% compared to the same period last year.

In QI/2016, Vietnam pangasius sales to the Brazil rocketed with the growth of 391-2,100% from QI/2015. Pangasius export value to this market in Apr 2016 continued the good growth of 57%. In QI/2015, pangasius exports to Brazil were stalled due to the temporary ban imposed by Brazil's Ministry of Fisheries and Aquaculture (MPA) on Vietnamese pangasius. Then, since Apr 2015, the MPA allowed to grant import license of seafood products from Vietnam after a pause. Therefore, Vietnam pangasius exports to the market posted the sharp increase in the first 3 months of 2016.

According to the ITC, in the first 4 months of 2016, China and Vietnam stayed as the two largest whitefish suppliers to Brazil. In which, China increased exports of frozen Alaska pollock fillets; frozen hake fillets; and frozen cod to the market to compete with Vietnamese pangasius. Especially, in Jan-Apr 2016, the import value of pangasius and catfish (HS code 030462) into Brazil posted a sharp rise, while imports of other whitefish products fell remarkably: frozen hake fillets down 21.7%; frozen cod down 15.7%; and frozen Alaska pollock fillets down 57.3% compared to same period last year.

Currently, the Brazilian economy continues to fall deeper into recession. In early 2016, the Brazilian currency has dropped by 70% of its value against the dollar. Earlier, in 2015, the currency fell by 33% and became the most depreciated currency out of 16 major world currencies. This affected significantly on its domestic consumption and the growth in business of enterprises. This also affected to Vietnam’s pangasius exports to the market.

Whitefish imports into Brazil, Jan-Apr 2016 (US$ thousand)

HS

Products

Jan

Feb

Mar

Apr

Jan-Apr 2016

Jan-Apr 2015

Variation

%

030462

Frozen pangasius, catfish fillets

7,485

7,860

7,075

3,856

26,276

10,324

154.51

030474

Frozen hake fillets

7,545

8,540

6,705

3,665

26,455

33,779

-21.68

030363

Frozen cod

2,999

6,635

3,887

1,250

14,771

17,530

-15.74

030475

Frozen Alaska pollock fillets

7,034

9,662

6,512

715

23,923

54,764

-56.32

030471

Frozen cod fillets

911

1,964

1,737

153

4,765

9,858

-51.66

030493

Tilapia, pangasius meat

110

-

-

51

161

-

-

030366

Frozen hake

62

221

91

20

394

1,289

-69.43

030324

Frozen pangasius, catfish

24

18

36

16

94

-

-

030367

Frozen Alaska pollock

26

407

112

-

545

721

-24.41

Written by Ta Ha

Compiled by Dieu Thuy  

 

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