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Vietnam cephalopod exports to Italy recorded good growth
March 13, 2018, 01:17 PM
(seafood.vasep.com.vn) In 2017, Vietnam’s cephalopod exports to Italy reached over US$106 million, up nearly 52% compared to 2016. From the beginning of the year, Italy remained as the leading importer of Vietnam cephalopod in the EU, taking up 54% of the total cephalopod exports of Vietnam to the EU and 10% total cephalopod exports to markets.

In the months of 2017, Vietnam’s cephalopod exports to Italy continued to witness the double digit growth. The figure in 2017 estimated at US$57.7 million, up 35% over 2016.

Of that, exports of fresh/live/frozen cephalopod (HS code 03) accounted for the highest proportion.

In Vietnam's cephalopod export structure to Italy; squid sales accounted for the large proportion of 86% and the rest was octopus. Of the squid products, Italy preferred fresh/live/frozen squid (HS code 03).

In 2017, in total of cephalopod products exported to Italy, shipments of processed octopus (HS code 16) decreased by 7.6%. Meanwhile, those of the remaining products registered the two-digit growth, of which the export value of other processed squid (HS code 16) increased sharply by 60.7%; those of dried/salted/live/fresh/frozen octopus (HS code 03) and fresh/live/frozen squid (HS code 03) rose by 59% and 32% respectively over 2016.

According to the International Trade Center (ITC) statistics, Italy's cephalopod imports in the first three quarters of 2017 reached only 13,354 MT, valued at nearly US$80 million, down 88.7% in volume and 88.2% in value over the same period in 2016.

Spain, France and Portugal were the three largest suppliers of cephalopod to the market in the first three quarters of 2017.

In the first three quarters of 2017, out of total cephalopod imports into Italy, imports of frozen/dried/salted squid (HS code 030749) and frozen/dried/salted octopus (HS code 030759) were down 90% and 96% respectively over the same period of 2016.

According to ITC, the average import price of cephalopod into Italy in QIII/2017 tended to increase over the first two quarters and the same period in 2016. The price in QIII/2017 quoted at US$6.3/kg compared with US$6/kg in QIII/2016.

Cephalopod imports into Italy by products (Source: ITC)

HS

Products

Volume (MT)

Value (Thousand US$)

QI-QIII/2016

QI-QIII/2017

Variation (%)

QI-QIII/2016

QI-QIII/2017

Variation (%)

Total

118,556

13,354

-88.7

677,504

79,609

-88.2

030749

Frozen/dried/salted squid

63,014

6,510

-89.7

358,275

35,519

-90.1

160554

Processed squid

3,047

1,992

-34.6

10,569

8,202

-22.4

030751

Fresh/live/chilled octopus

3,098

2,483

-19.9

20,441

18,856

-7.8

030759

Frozen/dried/salted octopus

40,710

1,609

-96.0

230,836

9,785

-95.8

160555

Processed octopus

992

760

-23.4

7,621

7,247

-4.9

030741

Fresh/live/chilled squid

7,695

-

-100.0

7,695

-

-100.0

 

Cephalopod imports into Italy by market (Source: ITC)

Suppliers

QI-QIII/2016

QI-QIII/2017

Variation (%)

World

677,504

79,609

-88.2

Spain

172,750

45,337

-73.8

France

31,860

7,667

-75.9

Portugal

10,390

3,515

-66.2

Thailand

66,032

2,333

-96.5

Ireland

805

783

-2.7

Indonesia

30,293

3,026

-90.0

Netherlands

7,513

1,591

-78.8

Albania

3,099

1,430

-53.9

UK

9,041

1,999

-77.9

Vietnam

17,548

1,281

-92.7

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