Vietnamese pangasius becomes leading option for Brazilian consumers

Published Oct 16, 2024

Tridge summary

Vietnamese tra fish exports to Brazil have seen a significant increase, with a 26% surge year on year by mid-September, totaling over US$81 million. Brazil's import of Vietnamese pangasius peaked at US$5 million in early September, marking a 3% increase from the previous year. The majority of the exports to Brazil were frozen pangasius fillets, with purchases from January to August reaching nearly US$86 million, a 54% increase compared to the same period in the previous year. Vietnam is the largest supplier and the only provider of frozen pangasius fillets to the Brazilian market. It is anticipated that export prices will recover and increase, with pangasius exports expected to amount to US$1.8 billion this year, marking a 6% increase from 2023.

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

Original content

Vietnamese tra fish (Pangasius) has become the main choice among the white-fleshed fish species that Brazil imports from around the world, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Statistics indicate that Vietnamese pangasius exports to Brazil by mid-September soared by 26% year on year to reach more than US$81 million. Most notably, Brazil spent US$5 million on importing the Vietnamese fish in the first half of September, up 3% year on year, making it the third largest importer of Vietnamese pangasius after China and the United States. Indeed, the South American market mainly consumes frozen pangasius fillet products from Vietnam. The International Trade Center reports that Brazil mostly imported frozen pangasius fillets coded HS 030462. The Jan-August, 2024 period saw Brazil purchase frozen pangasius fillets worth nearly US$86 million, up 54% year on year. Vietnam is the largest ...

Source: WTOCenter