According to statistics of Vietnam Customs, from the beginning of 2018, Vietnam’s cephalopod sales to China witnessed the triple-digit increases. In April 2018, exports to the country reached US$4.4 million, an increase of 127% over April 2017; the figure in the first four months of this year estimated at nearly US$14 million, up 159% over the same period in 2017.
Currently, the consumption of molluscs in China is increasing because people are more concerned about their health, so they are looking for healthy foods such as seafood. Rise in the number of the middle class and increasing tourists in the country also facilitated the consumption of cephalopod in restaurants. In addition, the stable yuan stimulates the demand of Chinese importers.
According to the International Trade Center (ITC), China's cephalopod imports in 2017 valued at US$98.9 million; down 70.4% compared to 2016. Peru, North Korea, Chile were the largest suppliers of cephalopod to the Chinese market.
Vietnam was the sixth largest exporter of cephalopod to China and the fourth largest exporter of live/fresh/chilled squid (HS code 030741) to the market behind North Korea, Japan and Indonesia. Out of the four biggest suppliers of live/fresh/chilled squid to China, only Vietnam and Indonesia enjoyed the zero tariffs, while the others were subject to the tariff rate of 6%.
Besides, Vietnam held as the third leading supplier of frozen octopus (HS code 030759) to China behind Japan and Mauritania.
In 2017, China increased imports of processed squid products (HS code 160554), live/fresh/chilled octopus (HS code 030751) and processed octopus (HS code 160555); of that imports of live/fresh/chilled octopus showed the highes climb.
|
CEPHALOPOD IMPORTS INTO CHINA BY PRODUCTS (Thousand US$) |
||||
|
HS |
Products |
2016 |
2017 |
Variation (%) |
|
160554 |
Processed squid |
16,949 |
77.505 |
357.3 |
|
030749 |
Frozen/smoked/dried/salted squid |
305,328 |
20.031 |
-93.4 |
|
030759 |
Frozen/smoked/dried/salted octopus |
11,352 |
1.055 |
-90.7 |
|
030751 |
Live/fresh/chilled octopus |
3 |
143 |
4,666.7 |
|
160555 |
Processed octopus |
59 |
136 |
130.5 |
|
030741 |
Live/fresh/chilled squid |
187 |
- |
-100.0 |
|
Total |
333.878 |
98,870 |
-70,4 |
|
|
(Source: ITC) |
||||
China has a large import demand for domestic consumption and re-exports. Thanks to the advantageous geographical location, Vietnam expected to boost exports to China.
China is projected to continue as an important and potential market for Vietnamese cephalopod companies in the coming time, when exports to mainstream markets face difficulties.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
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