Italy: Leading importer of Vietnam cephalopod in EU

News 11:06 01/09/2016
(seafood.vasep.com.vn) According to Vietnam Customs, in the first 6 months of this year, Vietnam cephalopod exports to Italy valued at US$15.7 million, equivalent to the same period last year.

Particularly in June 2016, exports to the market downed 6.1% to US$3.55 million. Italy maintained the leading importer of cephalopod from Vietnam among the EU. After the sharp rise in the early this year, cephalopod exports to the market showed downward trend since May 2016.

Vietnam cephalopod exports to Italy inched up in the early year in the context of Italy raised importing cephalopod in both volume and value.

Morocco is a leading supplier of cephalopod to Italy, followed by Spain and Thailand. However, exports of cephalopod from Spain to Italy tend to fall while Morocco and Thailand reported the positive growth. Notably, the average export price of these three countries to Italy increased to US$6,000/MT in the early months of the year.

The average price of cephalopod imported into Italy in the first months of this year was at US$5,582/MT. In particular, the average price from Vietnam was at US$4,452/MT. Vietnam ranked the 14th position among main cephalopod suppliers to Italy. As of late March 2016, cephalopod imports from Vietnam to Italy reached 1,204 MT, up from 1,106 MT of the same period of 2015.

Compiled by Kim Thu

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