According to ITC data, Colombia mainly consumes frozen pangasius products (HS code 030424), frozen tilapia HS code 030461, frozen pangasius fillets HS code 030462, etc. In 2023, this South American country consumed nearly USD 50 million of white meat fish, of which the import volume from Vietnam (mainly pangasius) reached nearly 24,000 tons, worth over USD 33 million, accounting for 66% of the market share. Following Vietnam, China, Ecuador, Peru, and Venezuela are also the largest suppliers of white meat fish to the Colombian market.
Since 2012, Vietnam has continued to be Colombia's primary supplier of white meat fish, according to ITC. Over the course of the previous 11 years, the South American nation has also continued to steadily grow its imports of white meat fish, primarily pangasius, from Vietnam. Colombia consumed more white meat fish products from Vietnam in 2014 than any other country in the race to export white meat fish to this market, with a value of over USD 48 million, or 96% of the market share.
With a value of around USD 45 million, 2022 was also a significant year for Colombia's imports of white meat fish from Vietnam, which made up 90% of all the white flesh fish this nation imported worldwide. One of the reasons Vietnamese pangasius was not appealing to Vietnamese enterprises in 2019 was its poor export price to Colombia. In 2019, the number of companies involved in the export of pangasius to Colombia was typically limited to 4. By the end of May 2024, five years later, 16 Vietnamese companies were exporting pangasius to Colombia. Colombia's economy suffered greatly after COVID-19, with approximately 50% of the population living in poverty, high inflation, and growing living and consumption expenses.
Colombia is the fourth largest economy in Latin America and a leading freshwater aquaculture country in South America with strong tilapia products. However, Colombia has maintained stable imports of frozen pangasius products from Vietnam. With the advantage of being a delicious, nutritious white meat fish, rich in Omega 3, and affordable, pangasius is a popular choice for Colombian consumers. For the past 10 years, Colombian consumers have maintained a diet that includes white meat fish (mainly pangasius) from Vietnam. The high demand has also made importers in this South American country long-term partners of Vietnamese pangasius exporters for over a decade.
(seafood.vasep.com.vn) China and the US are the two largest whitefish import markets in the world. Vietnam is the second largest supplier for both markets (mainly supplying pangasius). Frozen pangasius fillets are still the main product imported from Vietnam by these two countries.
(seafood.vasep.com.vn) The “Bien Bach Dong Commune Shrimp-Rice Project” in Ca Mau province was granted the second BAP (Best Aquaculture Practices of the Global Aquaculture Alliance) certificate for shrimp products in the shrimp-rice specialized area in Thoi Binh district, Ca Mau province.
(seafood.vasep.com.vn)The red and yellow tilapia prices in An Giang have increased sharply, reaching a new record. Recently, traders in the provinces are purchasing red tilapia and tilapia at 50,000–51,000 VND/kg, the highest price ever. With this price, fish are exported to rafts, and farmers earn a 9,000–10,000 VND/kg profit.
(seafood.vasep.com.vn) In July 2024, Vietnam's tuna exports to the EU showed signs of decline compared to the same period, down 14%. In the first half of August, although Vietnam's tuna exports to the EU increased, exports of canned tuna continued to decrease sharply.
(seafood.vasep.com.vn) In July 2024, pangasius exports to the US continued to grow impressively. According to Vietnam Customs, there were nearly US$31 million pangasius exported to the US in July, up 69% over the same period last year. Cumulative pangasius exports to the US in the first 7 months reached more than US$190 million, up 20%.
(seafood.vasep.com.vn) According to the Department of Agriculture and Rural Development of Tra Vinh province, farmers in coastal areas of Cau Ngang, Tra Cu, Duyen Hai districts and Duyen Hai town have now cultivated over 1,800 hectares of whiteleg shrimp under a high-tech super-intensive model (high density), which is double the same period in 2023.
(seafood.vasep.com.vn) With the signs of recovery in pangasius exports, the increase in farming area and output, An Giang's fisheries sector has been actively supporting farmers and businesses to boost production, processing, and consumption in the last months of the year.
(seafood.vasep.com.vn) In July 2024, Vietnam's tuna exports continued to maintain growth momentum over the same period, increasing by 14% to nearly 87 million USD. However, the export growth rate is slowing down a lot compared to previous months. Cumulatively, in the first 7 months of the year, tuna export turnover reached 558 million USD, an increase of 22%.
(seafood.vasep.com.vn) With the goal of bringing exported seafood products to Vietnamese consumers, Vietfish 2024 organized by VASEP has, for the first time, focused on a dedicated area for showcasing seafood products for the domestic market. This event provides an opportunity for local consumers to access high-quality seafood products that meet international standards at reasonable prices, products that Vietnam is currently exporting to 170 countries.
(vasep.com.vn) According to the Binh Dinh Statistics Office, the total fishery production in July 2024 was estimated at 26,226.7 tons, a 2.2% increase (574 tons) compared to the same period last year. Cumulatively, for the first seven months of 2024, the total fishery production was estimated at 172,723.1 tons, a 2.9% increase (4,786.4 tons) year-on-year.
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