(seafood.vasep.com.vn) Russia's cephalopod imports fell in the first five months of 2018. According to Russian customs statistics, in the first five months of this year Russia imported more than 4,000 MT of cephalopod from other countries, down 6% over the same period in 2017.
This year, because the production of cephalopod in the world has reduced, therefore this pushed the price of raw materials higher. As a result, Russia's cephalopod import value grew by nearly 43%, reaching more than US$24 million.
Russia currently boosted imports of a wide range of frozen squid products, accounting for 52%; followed by processed squid items (including smoked product) HS code 160554, accounting for 45% of the total import volume of cephalopod into the country. This year, imports of processed squid products increased by 19%, while those of frozen items fell by 21%.
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CEPHALOPOD IMPORTS INTO RUSSIA
|
|
Products
|
Volume (kg)
|
Value (Thousand US$)
|
|
Jan-May 2017
|
Jan-May 2018
|
Variation (%)
|
Jan-May 2017
|
Jan-May 2018
|
Variation (%)
|
|
Frozen/smoked/salted squid
|
2,720,361
|
2,147,898
|
-21.0
|
10,946
|
14,367
|
31.3
|
|
Processed squid
|
1,539,882
|
1,836,114
|
19.2
|
5,793
|
9,439
|
62.9
|
|
Processed octopus
|
31,831
|
68,340
|
114.7
|
232
|
461
|
98.7
|
|
Frozen/smoked/salted octopus
|
9,541
|
4,016
|
-57.9
|
37
|
10
|
-73.0
|
|
Fresh/live/chilled octopus
|
39
|
84
|
115.4
|
0
|
4
|
|
|
Total
|
4,301,654
|
4,056,452
|
-5.7
|
17,008
|
24,281
|
42.8
|
|
(Source: ITC)
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China, Peru, Belarus, Thailand and Italy were the five largest suppliers to the Russian market.
Vietnam was currently one of the 10 major suppliers of cephalopod to this market. Up to the end of June, Vietnam’s cephalopod sales to Russia continued to increase. The figure in the first half of the year reached US$2.7 million, up 339% over the same period in 2017.
This year, due to the low production of cephalopod, China’s cephalopod exports to Russia decreased. As a result, the country is increasingly importing this item from other countries such as Peru, Thailand or Vietnam.
And this is a good opportunity for businesses to promote exports of cephalopod to the Russian market.