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Export of pangasius to Brazil: Decreased volume, increased prices

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(www.vasep.com.vn) Over 5,000 tons of Vietnam’s pangasius were exported to Brazil in the first four months of this year, a 56% decrease from the corresponding period in 2022. The average export price in April 2023 remained above $3/kg since March 2022. This price level recorded an increase compared to the previous three months.

BAOMI ECOFISH XUẤT KHẨU CÁ TRA
(Source: Vũ Sinh/TTXVN)

According to the statistics from Vietnam Customs, as of the end of April 2023, the export turnover of Vietnamese pangasius to Brazil reached 25 million USD, a 33% decrease compared to the same period last year. In April 2023 alone, Brazil imported nearly 6 million USD worth of Vietnamese pangasius, a 5% increase compared to the same period in 2022. This is also the first time the export turnover of pangasius to this market has increased in the first four months of this year, after experiencing significant declines of 56%, 23%, and 23% in the previous three months.

In the declining trend in most markets, Brazil still maintains its position as the 4th largest import market for Vietnamese pangasius and ranks 13th among individual needs.

Brazilian consumers particularly favor Vietnam’s pangasius due to its reasonable price and its white, nutritious flesh, which suits their taste preferences, especially in the context of global inflation and escalating tensions due to the Russia-Ukraine conflict. In addition to pangasius, consumers in this market also highly prefer Chilean salmon and North Atlantic cod. Despite having a long coastline and abundant water resources, Brazil imports 60% of its seafood from other countries in South America, Asia, and Europe due to cultural and transportation challenges.

Vietnam and Brazil are increasingly strengthening their diplomatic and trade relations. As of now, the Brazilian market has fully reopened after the Covid-19 pandemic. This presents an opportunity for Vietnamese seafood, including pangasius, to expand its market share and get closer to the consumers of this “largest country in South America.”

Source: Thu Hằng – VASEP

 

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