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.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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