Through November 2017, Vietnam’s cephalopod exports to the China and Hong Kong reached US$37.8 million, up 145.6% over the same period in 2016. Of that, exports to Hong Kong valued at US$6.3 million, up 25.3% year on year. Shipments to China experienced the highest growth rate among major importing markets of Vietnam cephalopod in the first 11 months of the year.
Vietnam's cephalopod exports to China from the beginning of the year achieved the positive growth. From May to September 2017, Vietnam’s cephalopod exports of to China continued to the 3-digit growth. Notably, in August 2017, exports to this market increased by 400% compared with August 2016. This can be a good signal for Vietnam’s cephalopod enterprises exporting to China this year.
Consumption of cephalopod in China is on the rise because people are more concerned about their health, so they look for healthier foods such as seafood. A rise in the middle class and the number of tourists also increase consumption of squid and octopus in restaurants. In addition, the stable Yuan stimulates the demand of Chinese importers.
According to the International Trade Center (ITC), in the first 8 months of 2017, China's cephalopod imports touched US$84.7 million; down 54.5% over the same period in 2016.
Vietnam was the 20th biggest supplier of cephalopod to China and the 4th largest exporter of fresh/live/chilled squid (HS code 030741) to the market behind South Korea, Japan and Indonesia. Out of top 4 countries exporting live/fresh/chilled squid to China, Vietnam and Indonesia enjoyed the tax rate of 0% while the others were subject to the tax rate of up to 6%.
Vietnam was the 3rd exporter of frozen octopus (HS code 030759) to China behind Japan and Mauritania.
In the first 8 months of 2017, China increased imports of processed squid (HS code 160554), live/fresh/chilled octopus (HS code 030751) and processed octopus (HS code 160555). Of that, imports of fresh/chilled/frozen octopus (HS code 030751) posted the highest rise.
|
Cephalopod imports into China by products (Thousand US$; Source: ITC) |
||||
|
HS |
Products |
Jan-Aug 2016 |
Jan-Aug 2017 |
Variation (%) |
|
Total |
186,082 |
84,730 |
-54.5 |
|
|
160554 |
Processed squid |
8,889 |
63,692 |
616.5 |
|
030749 |
Cuttlefish and squid |
172,018 |
19,847 |
-88.5 |
|
030751 |
Fresh/live/chilled octopus |
1 |
110 |
10,900.0 |
|
160555 |
Processed octopus |
26 |
103 |
296.2 |
|
030741 |
Live/fresh/chilled squid |
81 |
- |
-100.0 |
|
030759 |
Frozen/dried / salted octopus |
5,067 |
978 |
-80.7 |
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
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The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
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(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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