(seafood.vasep.com.vn) In the first five months of 2018, Italy's cephalopod imports decreased. The reason was that the fall in production led to a shortage of the supply, which has pushed the prices of cephalopod higher and reduced the demand for imports into this country.
According to statistics from the International Trade Center (ITC), in the first five months of 2018, Italy imported 5.6 thousand MT of this item, worth by nearly US$39 million, down 28% in volume and 14% in value compared for the same period of 2017.
This year, imports of cephalopod products into Italy have decreased over the same period in volume, but the import value of some items still increase due to higher prices. Italy currently increased imports of frozen/smoked/salted squid and fresh/live/chilled octopus, accounting for 33% and 27%, respectively.
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IMPORTS OF CEPHALOPOD INTO ITALY
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Products
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Value (Thousand US$)
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Volume (MT)
|
|
Jan-May 2017
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Jan-May 2018
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Variation (%)
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Jan-May 2017
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Jan-May 2018
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Variation (%)
|
|
Frozen/smoked/salted squid
|
20,096
|
12,809
|
-36.3
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3,678
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2,309
|
-37.2
|
|
Fresh/live/chilled octopus
|
10,924
|
10,334
|
-5.4
|
1,580
|
1,128
|
-28.6
|
|
Processed octopus
|
3,918
|
4,732
|
20.8
|
435
|
420
|
-3.4
|
|
Frozen/dried/salted octopus
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5,903
|
6,976
|
18.2
|
1,008
|
859
|
-14.8
|
|
Processed squid
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4,330
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4,012
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-7.3
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1,096
|
889
|
-18.9
|
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Total
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45,171
|
38,863
|
-14.0
|
7,797
|
5,605
|
-28.1
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(Source: ITC)
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This year, the production of cephalopod in the world has reduced which affected supplies to Italy and pushed the average import price of cephalopod higher into Italy in the first 5 months of 2018 from 13 to 29 % over the same period of 2017.
Italy currently imported cephalopod from 23 countries around the world. In particular, most of the supplies of cephalopod to Italy were from the intra-EU countries, led by Spain. Indonesia, Peru and Vietnam were the three largest extra-EU suppliers of cephalopod to the Italian market. In general, due to the scarce supply of raw materials, Italy's cephalopod imports from the main suppliers decreased.
According to statistics of Vietnam Customs, in the first eight months of this year, Vietnam’s cephalopod exports to Italy reached nearly US$27 million, down 36% over the same period last year. Italy was currently the largest market of cephalopod of Vietnam in the EU, accounting for 6.4% of the total export value of Vietnamese cephalopod.