Japan – The 2nd largest cephalopod importer of Vietnam

News 08:41 23/09/2016
(seafood.vasep.com.vn) Currently, Japan tended to increase imports of frozen cephalopod, however, the shipments into this market remained low compared to the same period last year.

The average import price of frozen cephalopod fluctuated at US$6 – 7 per kilo, and it reached the highest in Jan this year, while the lowest in March. Vietnam stayed as the 4th largest supplier to this market.

According to data from the General Department of Vietnam Customs, in Jan-Jul 2016, Vietnam’s cephalopod exports to Japan valued at US$55.06 million, down 5.5% from the same period last year. Japan currently held the 2nd rank in top biggest buyers of Vietnam cephalopod, accounting for 25.2%.

Seafood consumption in Japan decreased continuously due to changes of the exchange rate, which reduced the import volume and value of seafood into Japan in Jun 2016. In addition, the exchange rate fluctuations occurred in the global market, owing to the impact from the Brexit, which also reduced Japan's imports.

Imports of cephalopod into Japan, Jan-Jul 2016 (kg)

Suppliers

May

Jun

Jul

Jan-Jul, 2016

Total

7,254,667

7,431,329

6,613,863

49,683,119

China

2,425,613

2,439,511

2,093,410

15,027,929

Morocco

1,796,414

1,794,880

1,434,067

15,001,326

Mauritania

1,211,965

893,574

924,894

6,271,160

Vietnam

826,519

755,293

823,459

5,356,672

Thailand

424,706

644,954

499,139

3,603,767

The U.S

187,768

186,985

171,387

1,149,876

India

27,951

17,678

53,239

619,088

Philippines

46,959

104,400

8,592

523,614

Mexico

78,873

70,260

93,479

468,836

Written by Ngoc Thuy

Compiled by Dieu Thuy

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