According to statistics from the International Trade Center (ITC), in the first five months of 2018, Italy imported 5.6 thousand MT of this item, worth by nearly US$39 million, down 28% in volume and 14% in value compared for the same period of 2017.
This year, imports of cephalopod products into Italy have decreased over the same period in volume, but the import value of some items still increase due to higher prices. Italy currently increased imports of frozen/smoked/salted squid and fresh/live/chilled octopus, accounting for 33% and 27%, respectively.
IMPORTS OF CEPHALOPOD INTO ITALY |
||||||
Products |
Value (Thousand US$) |
Volume (MT) |
||||
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
|
Frozen/smoked/salted squid |
20,096 |
12,809 |
-36.3 |
3,678 |
2,309 |
-37.2 |
Fresh/live/chilled octopus |
10,924 |
10,334 |
-5.4 |
1,580 |
1,128 |
-28.6 |
Processed octopus |
3,918 |
4,732 |
20.8 |
435 |
420 |
-3.4 |
Frozen/dried/salted octopus |
5,903 |
6,976 |
18.2 |
1,008 |
859 |
-14.8 |
Processed squid |
4,330 |
4,012 |
-7.3 |
1,096 |
889 |
-18.9 |
Total |
45,171 |
38,863 |
-14.0 |
7,797 |
5,605 |
-28.1 |
(Source: ITC) |
This year, the production of cephalopod in the world has reduced which affected supplies to Italy and pushed the average import price of cephalopod higher into Italy in the first 5 months of 2018 from 13 to 29 % over the same period of 2017.
Italy currently imported cephalopod from 23 countries around the world. In particular, most of the supplies of cephalopod to Italy were from the intra-EU countries, led by Spain. Indonesia, Peru and Vietnam were the three largest extra-EU suppliers of cephalopod to the Italian market. In general, due to the scarce supply of raw materials, Italy's cephalopod imports from the main suppliers decreased.
According to statistics of Vietnam Customs, in the first eight months of this year, Vietnam’s cephalopod exports to Italy reached nearly US$27 million, down 36% over the same period last year. Italy was currently the largest market of cephalopod of Vietnam in the EU, accounting for 6.4% of the total export value of Vietnamese cephalopod.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
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