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.
(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.
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