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Sales to Spain maintained a good growth rate
May 21, 2018, 08:14 AM
(seafood.vasep.com.vn) Spain was the third largest buyer of Vietnam cephalopod in the EU, picking up 1.2% of the total export value of Vietnam cephalopod to markets. Sales to Spain maintained a good growth rate from 2017 up to now.

In the first two months of this year, though Vietnam’s cephalopod exports to the EU decreased by 9.1%, exports to Spain increased by 104%. In February of this year, exports to Spain reached US$0.4 million, a sharp increase of 1,253.4% over February 2017. The figure in the first two months of 2018 was US$0.9 million, up 104% over the same period in 2017.

Spain stayed as the largest importer of cephalopod in the world, accounting for 16.9% of the total import value of this item of the world. In the last 5 years (2013-2017), cephalopod imports into this country increased continuously from 2013 and peaked at US$1.1 billion in 2016. However, in 2017, imports of this item into Spain dropped by 95%, reaching only US$51.7 million. In recent years, a fall in the world cephalopod production led to a sharp rise in the price of this item. The main consumption markets of this item in the world almost reduced imports.

In 2017, Portugal was the largest supplier of cephalopod to Spain, accounting for 24.5% of the total import value of cephalopod into this country; followed by Peru with 16% and France with 12.5%. Vietnam ranked the 14th largest supplier of cephalopod to the market, accounting for 0.9%.

Imports of cephalopod into Spain from the three main suppliers in 2017 decreased by 59-83% compared to 2016. Two main products imported into Spain included squid (HS code 030749), accounting for 43.6% of total imports and live/fresh/chilled octopus (HS 030751), making up 25.4%.

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Specialist on Shrimp market
Ms Kim Thu
Tel: 84.24.3771.5055 (ext 203)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
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