Vietnam takes the leading supplier of frozen fish fillets to Malaysia

News 08:19 27/11/2012 Ngọc Hà
(vasep.com.vn) Since 2005, Vietnam has remained the leading supplier of frozen fish fillets (HS code 0304) to Malaysia. From January to July 2012, the country imported US$44.4 million of frozen fish fillets, mainly from Vietnam with US$15.05 million.

Malaysia was also the third largest importer of Vietnam pangasius among ASEAN markets. To 15th October, pangasius export to this destination reached US$17.1 million, a rise of 2.6 percent over the same period of 2011.

Malaysia has now 28 million of people and the market tends to increase seafood import to satisfy rising domestic consumption demand.

This year, South East Asian countries are under pressures of global economic crisis, but Malaysia is seen as a stable market. Its import of seafood products continues to grow in the coming time.

Crustaceans (HS code 0306) were the main import items of Malaysia. This is followed by frozen fish (HS code 0303), fresh fish (HS code 0302), and frozen fish fillets (HS code 0304). Frozen fish fillets just took the fourth largest part in seafood import structure of the country, but getting the fastest growth rate during the period of 2005 – 2012.

According to statistics from International Trade Center (ITC), Malaysia bought US$862.1 million of all fish and seafood products in 2011. In which, China was the biggest supplier. Imports from Vietnam valued at US$ 45.3 million, higher than that in almost every year since 2004. In 2007, Vietnamese exporters earned US$48.8 million from fish sales to this country.

Vietnam is now Malaysia’s fourth provider of seafood products, but it occupies the first place among suppliers of frozen fish fillets to the market. In 2011, shipment of these items brought back US$26.7 million for the country.

Beside imported fish, Malaysia also focuses on developing local fish aquaculture. Malaysia aims to reach 80,000 MT of farmed-fish production during 5 years to respond to domestic demand and export. So that, the country can double seafood export and compete with other producing countries in ASEAN like Thailand, the Philippines, Indonesia and Vietnam.

TOP TEN SEAFOOD SUPPLIERS TO MALAYSIA, US$ mil. (Source: ITC)

Origin

2004

2005

2006

2007

2008

2009

2010

2011

China

63.193

94.998

108.632

117.985

90.984

162.407

222.333

273.444

Indonesia

65.673

65.362

64.863

93.293

98.957

103.189

123.838

156.407

Thailand

105.717

92.897

95.487

99.339

90.517

88.884

97.503

120.385

Vietnam

37.560

27.998

43.034

48.859

32.636

27.718

26.435

45.328

Myanmar

22.418

26.487

30.892

29.570

29.586

31.450

35.146

39.595

India

30.407

45.409

31.377

29.467

22.714

23.795

29.127

39.343

Japan

5.810

5.510

7.787

10.230

14.692

14.166

18.990

19.842

Norway

4.547

4.560

8.122

10.146

10.405

11.252

14.552

18.068

Pakistan

13.793

11.837

12.152

12.977

13.331

13.853

10.776

17.409

Mexico

3.102

5.142

6.097

7.164

5.593

9.601

7.498

16.606

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