Brazilian fish exports

Brazilian fish farming doubles the value of its exports in 2022

Jul, 28, 2022 Posted by Gabriel Malheiros

Week 202230

When comparing the first half of 2022 to the same period in 2021, the value of Brazilian fish farming exports doubled, and volume climbed by 14%. As a result, sales abroad reached $14.35 million between January and June 2022, up from $7.18 million the previous year. In terms of volume, shipments amounted to  4,931 tonnes in the first six months of this year and 4,327 tonnes in the same time in 2021.

Such a big difference between the percentage variations was due to the growth in exports of products with higher added value, especially frozen fillets – which increased 544% in price and 571% in the amount sold abroad. Among all categories, this product had the highest growth in both indicators.

Considering the first six months of this year, the month of May saw the highest increases in both revenue (with US$ 4 million) and exported tonnes (1,331). These are some of the data released in the 10th edition of the Newsletter on Foreign Trade in Fish Farming, a quarterly publication jointly edited by Embrapa Pesca e Aquicultura (Palmas) and the Brazilian Fish Farming Association (PeixeBR).

See below the track record of container exports of fish, in terms of TEUs, from January 2021 to May 2022. The data is from the platform DataLiner.

Brazilian fish exports | Jan 2021 – Jun 2022 | TEUs

Source: DataLiner (click here to request a demo)

As expected, tilapia remains the main species exported by the Brazilian fish farming industry. This kind of fish alone accounted for 98% of sales and 99% of the amount of fish exported by Brazil in the first half of 2022. It also had significant increases (133% in financial volume and 32% in quantity) when comparing this year’s first half with 2021.

In terms of export destination, the United States is first, accounting for 76% of invoicing and 63% of volume. Canada is much behind, at 8% and 9%, respectively. Financially, transactions included US$ 10.9 million in sales to the US and US$ 1.2 million in sales to Canada.

On average, the frozen fillet was the tilapia product that reached the highest sales value in the first half of this year, reaching US$ 5.46 per kg. However, compared to the same period in 2021, there was a drop of US$ 0.34 per kg.

Newsletter – Comex Stat, a Ministry of Economy portal that distributes information on international commerce, served as the basis for the newsletter’s creation. The newsletter, which is edited every three months, was launched in early 2020 as a byproduct of BRS Aqua, Embrapa’s principal aquaculture project. The publication is part of the same project’s Center for Intelligence and Market in Aquaculture, CIAqui.

Sources: Notícias Agrícolas

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