In the last 10 years (from 2008 to 2017), Vietnam’s pangasius export turnover to Brazil reported the continuous growth but fluctuated from US$114.8 thousand (2008) to US$104.7 million (2017).
In 2012, sales to Brazil only accounted for 4.3% of Vietnam's pangasius export volume and held as the 6th rank. But in 2013, those to Brazil picked up 6.7% of Vietnam's pangasius export turnover and ranked the 4th behind the U.S, the EU and ASEAN. While pangasius exports to big markets faced difficulties, exports to Brazil in 2013 recorded the good growth.
In the group of frozen whitefish fillets (HS code 0304), Vietnamese pangasius was the third most imported item into Brazil behind Alaska pollock and hake. According to data from the International Trade Center (ITC), in 2013, imports of Alaska pollock into Brazil were up 25.5%; those of pangasius increased by 75.3% and those of cod went up 19.6% over 2012.
In 2013, Brazil only imported pangasius from Vietnam and did not import catfish from other countries around the world while during the same period last year, Brazil imported catfish from Spain and China.
By early 2015, pangasius exports to this market stayed stagnant because the Ministry of Fisheries and Aquaculture of Brazil (MPA) announced the suspension of imports of seafood and products processed from fish and / or fishing products from Vietnam. Then, since April 2015, the MPA has announced that the country had lifted the import ban on seafood and fishery products from Vietnam. Thus, in 2014, the export value of pangasius to Brazil decreased from US$122.9 million to US$77 million in 2015 and hit US$68 million in 2016.
However, in Brazil, in 2016, China and Vietnam were still the two largest suppliers of whitefish products to the market. While China focused on frozen Alaska pollock fillets, Vietnam boosted exports of frozen pangasius fillets to the market.
In 2017, the total export value to the Brazilian market reached US$104.7 million, up 54% over the previous year. This was considered as a potential market of Vietnam with the highest growth in the year.
Although, in the first half of 2018, pangasius exports to Brazil declined, however, with low level glazing and high quality, pangasius products remain popular to Brazilian customers. Therefore, Brazil is still forecasted to be a potential market with the good growth in the last months of the year.
(vasep.com.vn) Vietnam is signatory to three new-generation Free Trade Agreements (FTAs), and specifically with the United Kingdom (UK), maintains two FTAs: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK-Vietnam Free Trade Agreement (UKVFTA). The confluence of content and approaches within these two Agreements fosters a conducive environment for enterprises from both nations to maximally leverage trade and investment opportunities, notably encompassing Pangasius exports to the UK.
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(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
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