Current cephalopod imports into the U.S were also on the downward trend. In the first 7 months of this year, imports of cephalopod products into the U.S decreased compared to the same period last year. However, due to the low yield of cephalopod pushed the import value higher than that of the same period. Specifically, the total volume of cephalopod in the U.S in the first seven months reached nearly 27 thousand MT, worth by US$183 million, down 14% in volume but up 2.6% in value.
In particular, squid products accounted for the highest proportion. Of that, frozen/smoked/salted squid accounted for more than 56% of total import volume; followed by processed squid and frozen/smoked/salted octopus.
|
CEPHALOPOD IMPORTS INTO THE U.S BY PRODUCTS |
||||||
|
Products |
Volume (kg) |
Value (Thousand US$) |
||||
|
Jan-Jul 2017 |
Jan-Jul 2018 |
Variation (%) |
Jan-Jul 2017 |
Jan-Jul 2018 |
Variation (%) |
|
|
Frozen/smoked/salted squid |
18,960,175 |
15,095,892 |
-20.4 |
89,617 |
75,904 |
-15.3 |
|
Processed squid |
5,542,641 |
5,253,791 |
-5.2 |
33,468 |
35,850 |
7.1 |
|
Frozen/dried/salted octopus |
4,925,456 |
4,878,638 |
-1.0 |
38,543 |
51,290 |
33.1 |
|
Processed octopus |
1,776,682 |
1,691,122 |
-4.8 |
16,460 |
19,995 |
21.5 |
|
Fresh/live/chilled octopus |
36,729 |
105 |
-99.7 |
311 |
8 |
-97.4 |
|
Total |
31,241,683 |
26,919,548 |
-13.8 |
178,399 |
183,047 |
2.6 |
|
(Source: ITC) |
||||||
The U.S boosted its imports of cephalopod from more than 30 countries around the world. In particular, Vietnam was currently one of the 10 largest suppliers to this market, with the share of 2%. Recently, while exports of some large countries such as China, India and Thailand to the US decreased, Vietnam's exports to the market increased.
|
CEPHALOPOD IMPORTS INTO THE U.S BY MARKETS |
||||||
|
Suppliers |
Volume (kg) |
Value (Thousand US$) |
||||
|
Jan-Jul 2017 |
Jan-Jul 2018 |
Variation (%) |
Jan-Jul 2017 |
Jan-Jul 2018 |
Variation (%) |
|
|
China |
13.572.917 |
12.003.130 |
-11,6 |
69.300 |
60.361 |
-12,9 |
|
Spain |
4.590.806 |
4.519.964 |
-1,5 |
37.273 |
51.073 |
37,0 |
|
Taiwan |
3.236.878 |
1.632.935 |
-49,6 |
13.183 |
8.835 |
-33,0 |
|
India |
1.783.763 |
1.378.266 |
-22,7 |
9.456 |
7.087 |
-25,1 |
|
New Zealand |
795.194 |
1.000.793 |
25,9 |
2.946 |
4.433 |
50,5 |
|
Thailand |
1.025.455 |
970.474 |
-5,4 |
8.874 |
8.163 |
-8,0 |
|
Indonesia |
843.329 |
880.905 |
4,5 |
5.339 |
6.445 |
20,7 |
|
Peru |
975.423 |
745.600 |
-23,6 |
3.730 |
3.969 |
6,4 |
|
Japan |
659.872 |
652.499 |
-1,1 |
8.953 |
10.355 |
15,7 |
|
Vietnam |
361.195 |
539.987 |
49,5 |
2.696 |
3.612 |
34,0 |
|
Others |
3.396.851 |
2.594.995 |
-30,9 |
16.649 |
18.714 |
12,4 |
|
Total |
31.241.683 |
26.919.548 |
-13,8 |
178.399 |
183.047 |
2,6 |
|
(Source: ITC) |
||||||
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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