Vietnam pangasius exports to Brazil rose 761.5%

News 10:17 29/04/2016
(seafood.vasep.com.vn) After a continuous decline in export value in 2015, as of mid-Mar 2016, Vietnam pangasius export to Brazil reached US$17.2 million, up 761.5% from the same period last year.

From May to July 2015, export value of pangasius to the market rose by 7.3-23.6% over the same period in 2014. However, sales in the 8 rest months of 2015 posted a deep dive.

According to the ITC, in 2015, the total import value of frozen seafood into Brazil registered a year-on-year slump of 23%. In particular, chilled/fresh/frozen finfish fillets (HS code 0304) dropped by 25% in value and 22% in volume; fresh and whole round fish (HS code 0302) downed 13% in value and 4% in volume; smoked fish and fishmeal (HS code 0305) fell 27% in value and 30% in volume compared to 2014.

Fresh/chilled/frozen fillets (HS code 0304) made up the largest share in the total import value of fresh/chilled/frozen seafood into Brazil. Followed by fish with HS code 0302 and HS code 0305.

In 2015, the import value of whitefish products into the market decreased. In which, imports of frozen pangasius and catfish fillets fell by 37%; frozen hake fillets dropped 18.6%; frozen Alaska pollock fillets down 4.2%; and frozen cod down 32.9% over the same period of 2014.

In the first two months of 2016, China and Vietnam were the largest suppliers for whitefish to Brazil. China increased supplying frozen Alaska pollock fillets; frozen hake fillets; and frozen cod to Brazilian market to compete with Vietnam pangasius.

In 2015, strength of the dollar made imports into Brazil decline sharply. The exchange rate between US dollar and Brazilian Real (BRL) at the end of 2015 was 4 BRL to 1 USD. Thus, exchange rate fluctuations affected not only Vietnam’s pangasius exports but also Chinese whitefish sales into this market. However, Brazilian economy and middle-class is increasingly growing, demands for these products go up. Thanks to that, in Dec 2015 and Jan-Mar 2016, Vietnam pangasius export to Brazil soared.

HS code

Products

QI

QII

QIII

QIV

 2015

2014

Variation (%)

030462

Frozen pangasius and catfish fillets

9,480

7,093

21,763

18,242

56,578

89,869

-37.0

030474

Frozen hake fillets

28,089

17,171

13,666

17,469

76,395

93,876

-18.6

030475

Frozen Alaska pollock fillets

50,529

7,675

4,918

11,764

74,886

78,159

-4.2

030363

Frozen cod

16,422

2,804

4,543

9,782

33,551

49,977

-32.9

030471

Frozen cod fillets

7,736

3,866

2,178

1,858

15,638

20,323

-23.1

030366

Frozen hake

830

1,092

510

398

2,830

4,154

-31.9

030324

Frozen pangasius and catfish

-

11

402

152

565

1,324

-57.3

030432

Fresh/chilled pangasius and catfish fillets

-

-

-

15

15

354

-95.8

030367

Frozen Alaska pollock

360

397

-

10

767

446

72.0

Compiled by Dieu Thuy

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