January 20, 2014
During January to November 2013, Vietnamese pangasius exports to Brazil reached US$106.04 million, an on-year rise of 56%, which represents the highest growth among shipments to the eight key markets for Vietnam's pangasius products, according to Vietnam Customs.
Only in November 2013, Brazil imported pangasius from Vietnam worth US$14.07 million, up 35.8% over-month. Shipments to Brazil represented 6.7% of Vietnam's total pangasius sales through November 2013, compared to 4.3% in the same period of 2012, leading the South American country to rise from the sixth to the fourth position among the main export markets, after the US, the EU and ASEAN.
Pangasius from Vietnam made up of the third part in Brazil's segment of imported frozen whitemeat fish fillets, after Alaska pollock and hake, reports the Vietnam Association of Seafood Exporters and Producers (VASEP).
According to the International Trade Centre (ITC), through November 2013, Brazil bought 60,016 tonnes of Alaska pollock, up 25.5% compared to 47,786 tonnes in the same period of 2012. Meanwhile, pangasius imports reached 20,233 tonnes, a 75.3% increase on-year. Imports of hake products rose 19.6% to 23,239 tonnes.
Brazil imported 159,887 tonnes of frozen fish fillets through November 2013. Vietnam was the second supplier with 49,154 tonnes, second only to China.
With a population of 195 million people and higher fish demand, Brazil is really a potential market for seafood products and Vietnamese pangasius in particular.