Cephalopod exports to South Korea ups

News 08:03 22/04/2015
(vasep.com.vn) Total export value in the first two months of 2015 reached US$ 58 million, up 10% year on year.

Exporters strongly focused to the market of South Korea. By the end of February 2015, mollusk exported to South Korea valued US$ 24.2 million, up 29% year on year. South Korea is number 1 exporting market, accounting for 41.7% of total export value.

From 2014, it is harder to export to Japan as the yen exchange rates against other currencies fluctuated in addition to high inventory levels.

In contrast to the situation in the early 2014, mollusk exports to the EU decreased by 1.2%. Italy, Germany and the Netherlands are biggest markets in the EU, exports to these markets accounted for 8%, 1% and 0.8%, respectively in total exports from Vietnam.

It is forecast that in the first half of the year, exports to Italy will decline slightly. Export to Spain will slow down in Q.I/2015 then go up again in the second quarter. Exports into ASEAN, China - Hong Kong and Taiwan will increase steadily. Meanwhile, exports to the US, Australia and Russia will remain unstable in the coming quarters. 

 Graph 1: Frozen squid imports of South Korea 

Graph 2: Frozen squid imports of Germany

Italy cephalopod Imports in 2014 (Unit: US$ thousands)

No

Market

Q.I

Q.II

Q.III

Q.IV

Q.I-Q.IV/2014

1

Spain  

49,678

54,993

60,363

52,433

217,467

2

Thailand

34,438

34,496

30,848

26,516

126,298

3

Mexico

3,921

2,898

967

19,535

27,321

4

France

9,320

7,491

9,463

19,077

45,351

5

Morocco

33,390

23,039

28,059

17,706

102,194

6

China

7,800

11,411

10,344

15,123

44,678

7

Vietnam

5,168

8,752

12,286

11,491

37,697

8

Senegal

4,211

7,646

8,899

10,308

31,064

9

India

7,827

8,140

6,476

9,913

32,356

10

Tunisia

13,088

11,202

3,147

9,554

36,991

11

Indonesia

6,793

8,569

7,595

8,462

31,419

12

Mauritania

2,698

9,282

3,411

7,890

23,281

13

South Africa

5,368

4,290

1,867

5,672

17,197

14

Netherlands

2,235

1,214

1,603

3,477

8,529

15

Portugal

1,651

2,151

3,218

2,500

9,520

World

199.342

216,101

205,359

234,450

855,252

Source: ITC

 

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