Cephalopod exports to the EU decreases

News 17:31 02/06/2015
(vasep.com.vn) Data from Vietnam Customs revealed that exports cephalopod from 1st January 2015 to 15th April 2015 worth US$ 12.19 million, down 31.4% year on year. EU with 11.7% of Vietnam’s total cephalopod exports is now the fourth-largest importing destination, after South Korea, Japan and ASEAN.

The largest cephalopod importer in EU, Italy, saw a significant decline in importing. According to Vietnam Customs, from January to April, 15th 2015, exports cephalopod from Vietnam to Italia worth US$ 7.02 million, down 39% compared to the same period of 2014.

Germany is now the largest cephalopod importing market in EU, with import value reaching US$ 1.43 million in the first four months of 2015, up 36.9% over the same period last year. The runner-up is the Netherlands, with US$ 0.955 million, up 14.6% year-on-year. Among top 3 cephalopod importing markets in the EU, Italy was the only market witnessed cephalopod import decline in the first months of this year.

Most of cephalopod imported by the EU was frozen squid. The EU spent US$ 1.2 billion importing this item. Meanwhile, frozen octopus imports valued at US$ 812 million.

Morocco is a leading frozen octopus exporter to the EU market, with the value of US$ 267.88 million in 2014, up 11.58% compared with 2013. In 2014, Vietnam was listed in EU’s top 10 frozen octopus (code HS 030759) exporting markets, maintaining its position in 2013. According to the International Trade Centre (ITC), in 2014, Vietnam exported US$ 17.71 million of frozen octopus to EU, up 66.97% compared with 2013.

Meanwhile, Vietnam was the 8th-largest frozen squid (code HS 030749) exporter to the EU. The biggest was Spain. Cephalopod exports from Vietnam to the EU in the first months of 2015 is likely to maintain its developments as of in 2014.

 

 

Squid, octopus imports to EU (unit: US$ thousand)

Code

Product

2010

2011

2012

2013

2014

HS 030749

Cuttlefish and squid, frozen

1,279,997

1,532,037

1,360,736

1,199,129

1,225,787

HS 030759

Octopus, frozen

653,277

1,003,956

742,255

587,900

812,352

HS 030741

Cuttlefish and squid, live, fresh or chilled

153,204

171,521

166,880

157,801

163,377

HS 030751

Octopus, live, fresh or chilled

49,972

65,441

55,120

49,472

57,628

HS 160554

Prepared or preserved Cuttlefish and squid

 

 

69,330

77,791

85,885

HS 160555

Prepared or preserved octopus

 

 

19,047

15,488

18,272

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