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Vietnam cephalopod exports estimated to reach US$570 million in 2020
11:12 11/01/2021

(seafood.vasep.com.vn) South Korea was Vietnam's largest importer for squid and octopus, accounting for 42.5% of the total export value of this item of Vietnam to markets.

(seafood.vasep.com.vn) After dropping 3.6% in the first quarter, Vietnam's export of bivalve mollusks in the second quarter of 2020 continued to decrease slightly by 1.7% over the same period in 2019, reaching over US$23 million. Accumulated in the first 6 months of 2020, the exports of bivalve molluscs reached nearly US$42.5 million, down 1.7% over the same period in 2019.

(seafood.vasep.com.vn) In June 2020, Vietnam's cephalopod exports lifted by 6.5% to over US$ 48 million after decreasing continuously in the previous 3 months. In the first 6 months of 2020, cephalopod exports reached nearly US$ 240 million, down 16.9% over the same period in 2019. The export of Vietnamese cephalopod in the first 6 months of this year was still affected by the Covid-19 epidemic and the limited supply of raw materials for production. China was still Vietnam's importer of cephalopod with the most stable demand in the first 6 months of 2020.

(seafood.vasep.com.vn) In the first five months of 2020, Japan imported cephalopod from 11 suppliers. China, Vietnam, and Thailand were the three largest suppliers, accounting for 81%, 9.5%, and 4.8% of the total import value of Japanese cephalopod respectively.

(seafood.vasep.com.vn) After a slight decrease in the first two months of the year due to the impact of Covid-19 epidemic, Vietnamese cephalopod exports to China has recovered slightly in March and increased sharply in April 2020. It is expected that exports of cephalopod to this market will continue to grow well in May.

(seafood.vasep.com.vn) According to the International Trade Center (ITC), in the first four months of this year, South Korea imported cephalopod from nine importers, of which Vietnam was the third-largest supplier. Cephalopod imports of South Korea in the first four months of this year reached nearly US$96 million, down 13.4% over the same period in 2019. China was the largest supplier of cephalopod for South Korea. South Korea's cephalopod imports from staple suppliers all slumped.

(seafood.vasep.com.vn) In May 2020, Vietnamese cephalopod exports reached nearly US$ 42 million, down nearly 25% compared to May 2019. In the first 5 months of the year, cephalopod exports reached nearly US$192 million, down 21.2% over the same period in 2019. The impact of the COVID-19 epidemic reduced demand and production materials. Therefore, Vietnamese cephalopod exports in the first 5 months of 2020 continued to decline.

Coastal provinces across the country have ramped up the installation of vessel monitoring systems (VMS) in fishing ships as part of measures to combat illegal, unreported, and unregulated (IUU) fishing.

The Mekong Delta province of Tra Vinh plans to expand breeding clams on more than 15,000ha of alluvial grounds along coastal areas, with priority given to poor households, Pham Minh Truyen, director of the province’s Department of Agriculture and Rural Development, said.

(seafood.vasep.com.vn) In the first quarter of 2020, the Covid-19 epidemic broke out worldwide, especially the countries that are importing a lot of Vietnam's seafood, making the country's seafood export results nearly 10% lower than the same period in 2019 to reach 1.62 billion USD.

(seafood.vasep.com.vn) South Korea is still the largest importer of Vietnamese cephalopod, accounting for 39.9% of Vietnam's total export of cephalopod to markets. In the fourth quarter of 2019, cephalopod exports to South Korea reached US$ 61.4 million, down nearly 32% compared to the fourth quarter of 2018.

(seafood.vasep.com.vn) The EU accounted for 66% of Vietnam's total export value of bivalve mollusk to markets. Portugal, Spain and Italia were the three main importers of Vietnamese bivalve mollusk representing for 80% export value to the EU. In the third quarter, exports to these three markets increased sharply by 68%, 13% and 45%. Therefore, exports to the EU grew by 35% in the third quarter and 8.6% in the first 9 months.

(seafood.vasep.com.vn) Vietnamese cephalopod exports to the US in the first 9 months of 2019 reached US$11.4 million, up 63.7% over the same period in 2018. As of September 2019, Vietnamese exports of this item to the US grew continously.

(seafood.vasep.com.vn) The US was the largest crabs importer of Vietnam, accounting for 39.8% of Vietnamese crabs exports to markets. In the first 7 months of 2019, Vietnamese crabs exports to the US were not stable, the export value of this product to the US rose sharply in January and March while declining in the other months.

(seafood.vasep.com.vn) The Netherlands is the third largest importer for Vietnamese cephalopod, accounting for 9% of Vietnamese cephalopod exports to the EU and 1.1% of Vietnamese cephalopod total exports to all markets. In the first 7 months of 2019, Vietnamese cephalopod exports to the Netherlands reached US $ 3.7 million, up 26.8% over the same period in 2018. Particularly in July 2019, the export of this item to the Netherlands reached US $ 0.9 million, up 12.2% compared to July 2018.


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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