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South Korea increased imports of frozen octopus from Vietnam
08:00 04/17/2021

Binh Thuan province has asked localities to promptly complete the installation of Vessel Monitoring Systems (VMS) on all fishing vessels and acquire the necessary data as part of efforts to combat illegal, unreported, and unregulated fishing (IUU) .

(seafood.vasep.com.vn) According to statistics of Vietnam Customs, in January 2021, the export turnover of marine products of Vietnam reached 221.6 million USD (excluding tuna), all product groups increased compared to the same period of 2020.

In 2020, the COVID-19 epidemic has reduced the export of some Vietnamese marine products such as frozen tuna and other sea fish, frozen squid and octopus, but brought opportunities for dried and canned and processed seafood because they are suitable for home consumption, have a long shelf life, and can be processed quickly or ready to eat. Therefore, exports of many items such as canned tuna still increased by 19%, dried fish up 22%, dried marine shrimp grew 112%, dried squid added 29%, crabs extended 49%, fish sauce lifted by 24% ... Therefore, the total marine exports remained at 3.2 billion USD, equivalent to 2019.

(seafood.vasep.com.vm) Japan is Vietnam's second largest market for cephalopod exports, accounting for 22%. After a decline in the first three quarters of the year, the export of cephalopod to this market recovered in the fourth quarter 2020, reaching nearly $33 million, up by 1.4% over the same period in 2019. Total cephalopod exports of Vietnam to Japan in 2020 reached 121 million USD, down 14% compared to 2019.

The Mekong Delta province of Kien Giang targets an average annual growth rate of 24 per cent for marine aquaculture from now to 2030.

(seafood.vasep.com.vn) In 2020, due to the impact of the Covid-19 epidemic, Vietnam's export of cephalopod to South Korea decreased slightly. However, Korea is still the largest import market for Vietnamese cephalopod, accounting for over 40%.

(vasep.com.vn) In October 2020, Vietnam's exports of cephalopod rose by nearly 16% to 58.6 million USD. In the first 10 months of this year, cephalopod exports reached US$454.9 million, down 5% over the same period in 2019. It is estimated that the exports of Vietnamese cephalopod in 2020 will reach about US$566 million, down about 2% compared to 2019.

(seafood.vasep.com.vn) China is the 5th largest importer for Vietnamese cephalopod, accounting for 7.8% of the proportion. After dropping 45% in the first quarter, Vietnamese cephalopod exports to China recovered strongly with 2-3 digits in the second and third quarters of 2020.

(seafood.vasep.com.vn) In the first 9 months of this year, Vietnam's other seafood exports, including marine fish, surimi, crabs, and bivalve molluscs, reached US$ 1.63 billion, up 1% over the same period in 2019. Exports of crabs rose the most by 26%, exports of marine fish increased by 21%, that of bivalve molluscs hiked slightly by 4%, but surimi exports decreased by 6%.

(seafood.vasep.com.vn) In September 2020, Vietnam's export of cephalopod climbed by 20.4% to over US$51 million. In the first 9 months of this year, cephalopod exports reached US$396.3 million, down 7.5% from the same period in 2019.

(seafood.vasep.com.vn) China is the 5th largest importer for cephalopod of Vietnam, accounting for 7.7% of the proportion of cephalopod exports. After falling by 45% in the first quarter, Vietnamese cephalopod exports to China recovered from the second quarter to August of 2020. In the first eight months of 2020, Vietnamese cephalopod exports to China reached US$ 26.6 million, up 53% year on year.

(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.


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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