Vietnam’s tra fish exports to Brazil maintain steady growth

Published 2024년 10월 22일

Tridge summary

In 2024, Vietnam's tra fish exports experienced a decline with a decrease of 6% in February and a 10% decrease in August compared to the previous year, totaling US$18 million and US$12 million respectively. Despite this, exports to Brazil have seen steady growth. There is potential for growth in value-added tra fish products, as Brazil's demand for fast food and nutritious products increases, especially in Sao Paulo. It is anticipated that the export price of Vietnamese tra fish will recover and rise, with exports expected to reach US$1.8 billion in 2024, a year-on-year increase of 6%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In February 2024, due to the Spring Festival holiday, Vietnam's exports of tra fish to the market were US$6 million, a year-on-year decrease of 6%; in August, the export value fell by 10% year-on-year to US$12 million. This is also the second month this year that Vietnam's exports of tra fish to the market have declined. In other months, Vietnam's exports of tra fish to Brazil have maintained a steady growth trend. In recent years, Brazilian consumers' demand for fast food has continued to grow. Especially in Sao Paulo, Brazil's most populous and richest city, it leads the country's consumers' demand for frozen or ready-to-eat aquatic products and nutritious and healthy products. However, Brazil has almost no imports of value-added tra fish products from Vietnam. This shows that ...

Source: Foodmate