In May 2016, top 5 cephalopod importing markets from Vietnam reduced imports of this item. In which, China and Hong Kong, with the import value of US$1.1 million, posted the sharpest fall of 33% compared to the same period in 2015. In Jan-May 2016, cephalopod sales to this market reached US$4.95 million, down nearly 46% over the same period of 2015.
South Korea stayed as the largest cephalopod importer from Vietnam with the proportion of 38.2%. In May 2016, the shipments to the market hit US$11.01 million, down 19.5%; the figure in Jan-May 2016 was US$54.37 million, down 14.8% from the same period in 2015.
Out of top 9 leading cephalopod importers of Vietnam, Taiwan and Australia registered the positive growth. The exports to Taiwan in Jan-May 2016 totaled US$2.01 million, up 5.5% year on year. Meanwhile, in May 2016, the shipments to Australia with the sales of US$275 thousand reported the highest increase of 39%; the figure in the first 5 months of 2016 estimated at US$1.62 million, up 50% over the same period last year.
Among total cephalopod exports, exports of squid took the larger proportion of 53.3% with the value of US$75.98 million in Jan-May 2016.
So far, Japan was the biggest squid importer from Vietnam, followed by South Korea and Thailand, while South Korea is a leading octopus importer from Vietnam, followed by Japan and Italy.
Currently, the price of squid in the global market increased by 30% due to El Nino. In general, squid catches were reported to reduce significantly in the winter and spring. In which, Japan, Argentina, the Falklands, Chile and California showed the sharp drop caused by the direct impact from El Nino in 2015-2016.
However, as reported by The National Oceanic and Atmospheric Administration (NOAA) in Mar 2016, the strong El Nino effect in 2015-2016 has been declining and it was expected to disappear in the early summer. Because squid had the reaction to the change of water temperature, their reproductive cycle was relatively short and so squid catches were expected to rise again with normal water temperatures.
Meanwhile, the price of squid posted its record high due to the shortage of the global supply. Currently, the squid tubes and tentacles size 3-5 inches from China increased by 17.5% since early this year and up 30% over the same period last year. Despite such high price, demand for this product remains strong and buyers considered it as a valuable protein source with attractive price.
Written by Ngoc Thuy
Compiled by Dieu Thuy
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
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