Last year, Covid-19 hit the largest economy in Latin America. However, according to analysis from GlobalData data, one-third of the country's population is looking to buy nutritious, healthy frozen seafood products such as pangasius. In the first half of 2021, sales of seafood, frozen foods, especially convenience products, have increased.
In the first half of 2021, there are about 20 Vietnamese pangasius enterprises exporting to the Brazilian market, of which the largest exporters are SOUTH VINA - Can Tho; HH FISH - Ben Tre and CADOVIMEX II - Dong Thap.
Currently, Vietnamese companies are exporting mainly frozen pangasius fillets to Brazil. However, according to a report by GlobalData, the demand for convenient processed products is increasing strongly in this country. In particular, in Brazil's most populous and richest city, São Paulo, which is considered a leader in the national consumption trend, people are looking for convenient, nutritious and healthy frozen or processed seafood products.
Having been the hardest hit by the COVID-19 epidemic and having been the country with the second highest number of deaths from COVID-19 after the US, now many cities and state capitals in Brazil are miraculously reviving thanks to rapid vaccination campaign. Therefore, this is a good time for Vietnamese pangasius exporters to increase their market share in this country.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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