Cephalopod exports to China rose 7.6%

News 16:45 18/08/2015
(vasep.com.vn) China and Hong Kong, along with South Korea, Japan, ASEAN and the EU, is now Vietnam's top market for cephalopod.

From year to date, frozen squid (HS 030749) was the most imported cephalopod product, followed by frozen octopus (HS 030759) and live/fresh/chilled squid (HS 030741). The market did not import live/fresh/chilled octopus (HS 030751).

Data from the International Trade Centre (ITC) revealed that in the first 4 months of this year, frozen squid (HS 030749) imports into China worth US$ 92.8 million, imports of frozen octopus worth US$ 2.04 million and imported  live, fresh, chilled squid worth US$ 98 thousand.

While cephalopod exports to other top 5 markets fell, those to China and Hong Kong increased. In H1//2015, Vietnamese companies earned US$ 11.13 million from cephalopod exports to China and Hong Kong, representing a 7.6% increase from last year. 

China sourced frozen squid from 27 countries. Top 3 sources were the US, South Korea and Indonesia with cumulative value of the first 4 months of 2015 reaching US$ 25.97 million, US$ 16.51 million and US$ 16.21 million.

China imported frozen octopus from 8 countries, but mostly from Japan, Vietnam and Mauritania. The average price of frozen octopus imported by China in the first 4 months of this year ranged from US$ 4.58 to US$ 5.65/ kg.

Processed cephalopod imports of China decreased

China imported processed squid (HS 160554) from 10 countries, with the value in the first 4 months of this year reaching US$ 39.53 million, down from US$ 40.8 million in the same period of 2014. Average price was US$1.65 - US$ 2.29/kg.

Imports of processed octopus  (HS 160555) in the first 4 months of this year reached US$ 7 thousand, down from US$ 9 thousand in the same period of 2014. Italy and South Korea were top suppliers.

 

Cephalopod (HS 0307) imports of China in 2015 (US$ thousands)

Products

January

February

March

April

Jan- Apr

Frozen squid (HS 030749)

31,700

21,798

19,136

20,215

92,849

Frozen octopus (HS 030759)

404

262

601

779

2,046

Live/fresh/chilled squid (HS 030741)

5

4

54

35

98

Live/fresh/chilled octopus (HS030751)

0

0

0

0

0

 

  

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