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The U.S increased imports of Vietnamese cephalopod
November 07, 2018, 09:24 AM
(seafood.vasep.com.vn) The U.S held as one of the six leading importing markets of Vietnamese cephalopod in the first 7 months of 2018. According to the statistics of Vietnam Customs, Vietnam’s cephalopod exports to the U.S in Jun and July 2018 decreased, but thanks to the good growth in the first five months of the year, the total export value in the first 7 months year to this market still increased by 31.8%, reaching more than US$5.5 million.

Current cephalopod imports into the U.S were also on the downward trend. In the first 7 months of this year, imports of cephalopod products into the U.S decreased compared to the same period last year. However, due to the low yield of cephalopod pushed the import value higher than that of the same period. Specifically, the total volume of cephalopod in the U.S in the first seven months reached nearly 27 thousand MT, worth by US$183 million, down 14% in volume but up 2.6% in value.

In particular, squid products accounted for the highest proportion. Of that, frozen/smoked/salted squid accounted for more than 56% of total import volume; followed by processed squid and frozen/smoked/salted octopus.

CEPHALOPOD IMPORTS INTO THE U.S BY PRODUCTS

Products

Volume (kg)

Value (Thousand US$)

Jan-Jul 2017

Jan-Jul 2018

Variation (%)

Jan-Jul 2017

Jan-Jul 2018

Variation (%)

Frozen/smoked/salted squid

18,960,175

15,095,892

-20.4

89,617

75,904

-15.3

Processed squid

5,542,641

5,253,791

-5.2

33,468

35,850

7.1

Frozen/dried/salted octopus

4,925,456

4,878,638

-1.0

38,543

51,290

33.1

Processed octopus

1,776,682

1,691,122

-4.8

16,460

19,995

21.5

Fresh/live/chilled octopus

36,729

105

-99.7

311

8

-97.4

Total

31,241,683

26,919,548

-13.8

178,399

183,047

2.6

(Source: ITC)

The U.S boosted its imports of cephalopod from more than 30 countries around the world. In particular, Vietnam was currently one of the 10 largest suppliers to this market, with the share of 2%. Recently, while exports of some large countries such as China, India and Thailand to the US decreased, Vietnam's exports to the market increased.

CEPHALOPOD IMPORTS INTO THE U.S BY MARKETS

Suppliers

Volume (kg)

Value (Thousand US$)

Jan-Jul 2017

Jan-Jul 2018

Variation (%)

Jan-Jul 2017

Jan-Jul 2018

Variation (%)

China

13.572.917

12.003.130

-11,6

69.300

60.361

-12,9

Spain

4.590.806

4.519.964

-1,5

37.273

51.073

37,0

Taiwan

3.236.878

1.632.935

-49,6

13.183

8.835

-33,0

India

1.783.763

1.378.266

-22,7

9.456

7.087

-25,1

New Zealand

795.194

1.000.793

25,9

2.946

4.433

50,5

Thailand

1.025.455

970.474

-5,4

8.874

8.163

-8,0

Indonesia

843.329

880.905

4,5

5.339

6.445

20,7

Peru

975.423

745.600

-23,6

3.730

3.969

6,4

Japan

659.872

652.499

-1,1

8.953

10.355

15,7

Vietnam

361.195

539.987

49,5

2.696

3.612

34,0

Others

3.396.851

2.594.995

-30,9

16.649

18.714

12,4

Total

31.241.683

26.919.548

-13,8

178.399

183.047

2,6

(Source: ITC)

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