QIII/2016: Imports of cephalopod into US climbed up

News 13:49 22/12/2016
(seafood.vasep.com.vn) After declines, imports of cephalopod into the US tended to rise from the beginning of the year. The import volume peaked at 24,858 MT in QIII/2016, QII/2016 with 22,475 MT and QI/2016 with 22,080 MT. This was driven by an increase in demand for this item for the upcoming holidays.

China was the leading supplier of cephalopod to the US, accounting for 45-50% of total imports into the market. Spain ranked the 2nd with the share of 12-13% and Thailand ranked the 3rd with the share of 5.5-7% of total import value. Viet Nam stayed as the 13th largest exporter of this item to the US, making up 1% of total import value. Vietnam’s cephalopod exports to the US in the first 9 months of this year decreased in both volume and value.

Imports of frozen squid (HS code 030749) into the US took up the biggest proportion, followed by frozen octopus (HS code 030759). Those of processed squid ranked the 3rd and followed by processed octopus. In Jan-Sep 2016, imports of frozen squid into the US were worth by US$200 million, up from US$172 million in the same period last year. Meanwhile, imports of frozen octopus reached US$70 million, down from US$77 million year on year. Besides, those of processed squid and live/fresh/chilled squid as well as live/fresh/chilled octopus also decreased in the first 9 months of this year.

The import price of processed octopus into the US hit the highest levels. In Jan-Sep this year, the price of processed octopus ranged from US$6.9 to 7.9/kg; followed by live/fresh/chilled octopus with US$5-7.7/kg. The average export price of Vietnam’s processed octopus to the US in Jan-Sep this year quoted at US$5.8-9.9/kg. Viet Nam claimed as the 5th largest supplier of processed octopus to the US, behind China, Spain, Japan and Thailand; with the share of 4%.

Imports of cephalopod into the US (thousand US$)

Products

QI/2015

QII/2015

QIII/2015

Jan-Sep 2015

QI/2016

QII/2016

QIII/2016

Jan-Sep 2016

Frozen squid (HS 030749)

53,293

55,609

63,427

172,329

57,682

63,662

78,679

200,023

Frozen octopus (HS 030759)

25,228

28,598

24,173

77,999

19,190

23,627

27,464

70,281

Processed squid (HS 160554)

11,010

13,138

11,325

35,473

9,884

10,758

11,237

31,879

Processed octopus (HS 160555)

6,180

6,320

6,509

19,009

7,268

6,358

6,561

20,187

Live/fresh/chilled squid (HS 030741)

474

710

545

1,729

325

170

434

929

Live/fresh/chilled octopus (HS030751)

194

143

154

491

56

7

21

84

Written by Ngoc Thuy

Compiled by Dieu Thuy

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