According to Vietnam Customs, Vietnam's pangasius exports to Brazil recorded a 26% year-on-year growth as of September 15, 2024, reaching over $81 million. In just the first half of September, pangasius export value to this market reached nearly $5 million, a 3% increase compared to the same period in 2023. Brazil is the third largest destination for Vietnamese pangasius, following China and the US.
Vietnam's pangasius exports to Brazil have shown steady growth since the beginning of the year, except for a 10% decline in August 2024, reaching only $12 million. This marked the second month of declining pangasius exports to Brazil, with the previous decrease occurring in February 2024, when exports fell by 6% to USD 6 million due to the Lunar New Year holiday.
The South American nation primarily consumes frozen pangasius fillets from Vietnam. The market imports few other frozen products (whole fish, portion, maw, etc.) and almost no value-added pangasius products from Vietnam as of September 15, 2024.
According to the International Trade Centre (ITC), frozen pangasius fillets under HS code 030462 are the most imported product by Brazil from global markets. In the first eight months of this year, Brazil imported nearly USD 86 million worth of frozen pangasius fillets under HS code 030462, a 54% increase compared to the same period last year. January witnessed the highest consumption of frozen pangasius fillets in the country, with nearly $17 million, a doubling compared to January 2023. Vietnam is the primary supplier of whitefish (mainly pangasius) to this market in the first eight months of 2024, and the sole supplier of frozen pangasius fillets under HS code 030462.
In recent years, consumers in this South American country have shown an increasing demand for convenient processed products. Notably, São Paulo, Brazil's most populous and wealthiest city, leads the country's trend of seeking frozen or processed seafood products that are nutritious and healthy. Meanwhile, Brazil imports almost no value-added pangasius products from Vietnam. This market still holds significant potential for Vietnamese exporters to explore.
The UK joining CPTPP not only does not create barriers but also brings many advantages and great opportunities for domestic footwear and seafood businesses.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
(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.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(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.
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