Mexico - the third largest import market of Vietnam pangasius in the early 2017

Mexico - the third largest import market of Vietnam pangasius in the early 2017

In the first two months of 2017, Vietnam pangasius exports to Mexico reached US$15.5 million, up 38% over the same period last year. Thus, after China and the US, Mexico was the third largest import market of Vietnam pangasius in the early 2017.
Update: (4/28/2017)

In 2014-2015, pangasius exports to Mexico were quiet and reported negative growth in several months. From March 2016 upto now, pangasius exports to the market have been more stable and have reported good growth.

According to ITC statistics, pangasius and Chinese tilapia are currently competing in Mexico. In 2016, frozen tilapia imports (HS 030461) into Mexico from China remained good: 14% over the previous year. However, imports of frozen pangasius fillets have decreased by 19% compared to 2015.

Since 2012, tilapia products from Vietnam have also begun to compete strongly with Chinese tilapia in Mexico with better price.

Demand for importing tilapia is forecasted to stabilize in the time to come, while imports of pangasius are forecast to increase gradually in Mexico market. Therefore, in the coming time, in addition to boosting tilapia export to this market, Vietnam pangasius businesses can increase their market share of pangasius to Latin America, including Mexico.

White fish imports into Mexico, 2015-2016 (US$ thousand)
Products	Q1	Q2	Q3	Q4	2016	2015	↑↓%
Frozen tilapia fillet (HS 030461)	31,925	25,111	42,063	39,391	138,490	121,117	14
Frozen pangasius fillet (HS 030462)	22,944	16,843	22,773	26,251	88,811	109,366	-19
Frozen tilapia (HS 030323)	7,708	2,780	2,815	3,538	16,841	14,461	16
Frozen pangasius (HS 030324)	593	515	239	601	1,948	1,506	29
Frozen Alaska fillet (HS 030475)	912	224	269	323	1,728	1,977	-13
Tilapia meat (HS 030493)	202	240	304	231	977	451	117
Frozen cod fillet (HS 030471)	62	162	173	166	563	442	27
Total	64,515	46,138	68,724	70,739	250,116	250,646	0