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) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn