Rebound in Vietnam cephalopod exports to EU

News 09:17 03/05/2016
(seafood.vasep.com.vn) In the first months of 2016, Vietnam’s cephalopod exports to Italy and Spain (in the EU bloc) showed the positive growth. Despite a decrease in cephalopod imports into Italy and Spain in the early 2016, Vietnam’s cephalopod exports to these two markets rose. This was mainly driven by the decline in cephalopod supply from some main suppliers with high price.

According to Vietnam Customs, as of Mar, 15th 2016, Vietnam cephalopod exports to Europe reached US$8.55 million, an increase of 7.8% year on year. The EU remained the 4th position among the biggest cephalopod importers of Vietnam, accounting for 13% of the total exports. From Jan, 1st 2016 to Mar, 15th 2016, cephalopod exports to Spain totalled US$821 thousand, up 193.7% and that to Italy hit US$5.23 million, up 6.3% year on year.

Vietnam’s processed cephalopod exports to Spain and Italy are increasingly growing with higher market share in these two markets.

Value added cephalopod of Vietnam is becoming a safe choice of European importers in which Italian importers want to replace high-priced cephalopod products with Vietnam cephalopod with reasonable price.

With the advantage in producing value added products, Vietnam cephalopod exporters should take the advantage to increase the market share in Italian market – the market with high demand for processed products.

Top 10 cephalopod suppliers to Italy (thousand US$)

Suppliers

2011

2012

2013

2014

2015

Spain

219,506

197,917

199,540

219,295

211,172

Morocco

74,758

76,093

94,845

101,658

116,377

Thailand

124,132

106,846

105,368

125,679

82,702

France

69,363

63,771

47,583

46,207

52,983

China

37,453

38,408

49,664

45,051

46,701

Senegal

59,771

51,901

24,614

31,301

33,951

India

41,046

30,327

35,808

32,444

33,456

Indonesia

47,804

40,056

23,363

31,450

32,010

South Africa

33,229

21,166

14,910

17,208

28,169

Vietnam

62,936

51,780

39,897

37,959

26,334

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