Spain – a dynamic market for cephalopod in 2015

News 16:46 26/03/2015 609
(vasep.com.vn) Among 19 markets in EU, Spain became the 3rd largest market for cephalopod from Vietnam, from the previous 5th position.

 In Spain, seafood products have been favorably consumed. Spanish spends 11% of total spending in retailers on seafood, the second highest category. 

In 2014, Vietnam cephalopod exports to Spain valued US$ 5.15 million, up 98.4% year on year. These 3 years, this market has maintained the strongest growth comparing to other European countries. In the early 2014, cephalopod exports to Spain grew slowly but from Q4/ 2014, Vietnam businesses increased exports to this market and growth rates surged to 125-493%.

From January to November 2014, Vietnam was listed in top 15 largest cephalopod suppliers to Spain, though the export value was relatively small comparing to Morocco, China or India. In 2014, about 50 - 65% of Spain’s cephalopod imports were squid frozen, dried, salted or in brine (HS 030 749) of total imports. This was followed by frozen octopus (HS 030 759) with 27 - 40%, processed octopus (HS 160554-55) accounted for less than 3%.

Morocco and the Malvinas were two major sources of cephalopod in Spain, accounting for 50% to 73% of the total import value. However, in 2014, the market share of Morocco reduced with the influence of China, India and Vietnam.

It is expected that in 2015, Spain will continue to be a potential market in the EU. Vietnamese exporters can seek opportunities in this market along with Italy.

No

Top 15 cephalopod suppliers for Spain in 2014 (Unit: US$ thousands)

Sources

Q1

Q2

Q3

Oct

Nov

Jan-Nov/2014

1

Malvinas

84,457

68,696

102,730

24,224

8,492

288,599

2

Portugal

9,758

34,198

30,311

14,732

20,747

109,746

3

Mauritania

12,114

15,665

13,573

12,098

11,026

64,476

4

Morocco

15,415

25,532

7,143

6,481

9,013

63,584

5

India

15,434

17,771

10,201

5,368

7,068

55,842

6

France

5,594

9,876

16,686

4,962

2,892

40,010

7

China

7,198

5,471

8,742

4,673

5,557

31,641

8

Mexico

2,076

3,034

5,541

2,372

849

13,872

9

Italy

3,305

4,232

2,801

898

422

11,658

10

UK

2,367

2,442

2,707

1,166

909

9,591

11

US

2,914

878

1,896

2,117

636

8,441

12

Senegal

2,661

1,775

584

286

1,844

7,150

13

South Africa

1,130

1,219

2,440

901

915

6,605

14

Ghana

2,309

1,563

686

283

521

5,362

15

Vietnam

609

860

1,662

575

483

4,189

World

179,502

210,016

218,294

85,161

73,773

766,746

Source: International trade Centre (ITC)

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