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QI/2017: Up 28% in Vietnam cephalopod exports to South Korea
May 26, 2017, 09:26 AM
(seafood.vasep.com.vn) In QI/2017, Vietnam’s cephalopod exports to South Korea hit US$40.1 million, up 27.9% over the same period last year. South Korea remained as the biggest buyer of Vietnam cephalopod, accounting for 37%, down 1% compared to QI/2016

Demand for cephalopod in South Korea was high, especially dried items. In 2016, seafood imports into South Korea increased for the third year in a row thanks to a rise in demand for healthy food.

In 2016, imports of cephalopod into South Korea increased in both volume and value. In terms of volume, Vietnam ranked the third in top largest suppliers of cephalopod to South Korea, behind China and Chile. However, in terms of value, Vietnam ranked the second, behind China, accounting for 24.7% in total cephalpod imports into South Korea. In 2016, South Korea imported 160,977 MT of cephalopod, in which, imports from China reached 65,103 MT, those from Chile were 28,755 MT and those from Vietnam were 26,335 MT. The average import price of cephalopod into South Korea in 2016 quoted at US$ 3,964 per ton, of which the price from Vietnam was US$5,499 per ton.

Cephalopod imports into South Korea (MT)

Suppliers

2012

2013

2014

2015

2016

China

47,588

43,959

54,572

51,635

65,103

Chile

21,664

23,693

31,014

21,803

28,755

Vietnam

24,038

20,906

27,392

27,923

26,335

Peru

24,587

20,240

27,427

30,729

22,286

Thailand

3,788

3,565

7,051

8,564

6,581

Mauritania

817

1,964

1,349

4,384

3,142

Taiwan

211

6

2,521

578

2,346

Indonesia

3,156

2,690

2,663

2,475

1,583

Malaysia

996

871

1,256

1,375

1,225

Philippines

141

206

728

887

921

Russia

224

115

26

7

691

Argentina

247

1,594

4,010

4,429

690

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Specialist on Marine fish market
Ms Van Ha
Tel: +84.24.3771.5055 (ext. 216)
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