Processed cuttlefish and squid products were imported most, accounting for 78% of import value. In the first 3 months of the year, Japan sharply increased the import of processed squid products with more than 10 thousand tons with worth US$60.7 million, up nearly 17% in volume and 15% in value. Meanwhile, imports of processed octopus fell by 19% in volume and nearly 13% in value, with nearly 1.5 thousand tons, worth US$15.3 million and accounting for nearly 20% of total imported cephalopod. Frozen squid products accounted for only 2% of total imports, although Japan tended to increase imports of this product with a rise of 941% in volume and 2.090% in value.
For Japan's main imported product of processed squid, Vietnam was among the top 5 largest suppliers, after China, Thailand and Peru. China accounted for a dominant proportion in this segment with 89% of Japanese import value while Vietnam only accounted for less than 2%. In the first quarter of 2019, Japan increased the import of processed squid from China and Peru, while imports from Vietnam and Spain fell.
Imports of processed squid from Thailand declined sharply in volume (down 22%). However, export value still rose (up 4.8%) due to the average import price increasing by 38% from US$21 to 29/kg. Processed squid products from Thailand and Spain exported to Japan are priced at an average of US $ 21-29 / kg, significantly higher than China, Vietnam and Peru (US$4.5-6.5/kg). Along with Thailand, Vietnam's average import price also increased by 12% from US$4.7 in the first quarter of 2018 to US$5.3/kg in the first quarter of 2019, while the import price from 3 other supplier decreased. However, it was not a good sign as the price increase may cause import demand to fall, with the fact that the volume of squid imported from Vietnam has declined by 22%.
For processed octopus products, Vietnam closely followed China with a market share of 44% (China accounted for 47%). The average price of processed octopus from China was US$2 higher than products from Vietnam at US$9/kg. The export volume from those 2 countries to Japan was equivalent (nearly 700 tons). However, the export value of China (US$7.2 million) was higher than that of Vietnam with US$6.7 million.
In the first quarter of this year, there were 48 Vietnamese cephalopod companies exporting to Japan with various products such as frozen whole squid, squid sliced cut, frozen fillet squid, frozen cuttlefish, cuttlefish pine cut, frozen cuttlefish comb cut, processed cuttlefish, sushi squid, breaded octopus ...
|
Cephalopods imports of Japan, QI/2019 Volume: tonne, value: million USD) |
||||||||
|
HS code |
Products |
QI/2018 |
QI/2019 |
Variation |
Proportion |
|||
|
Volume |
Value |
Volume |
Value |
Volume |
Value |
Value |
||
|
Cephalopods - Total |
10,512 |
70.550 |
11,684 |
77.576 |
11.2 |
10.0 |
100 |
|
|
160554 |
Processed cuttle fish and squid |
8,670 |
52.989 |
10,114 |
60.711 |
16.7 |
14.6 |
78.3 |
|
160555 |
Processed octupus |
1,834 |
17.490 |
1,488 |
15.310 |
-18.9 |
-12.5 |
19.7 |
|
030749 |
Frozen cuttle fish and squid |
8 |
71 |
82 |
1.555 |
941.4 |
2090.1 |
2.0 |
|
Source: ITC |
||||||||
|
Top 5 processed tuna suppliers to Japan (Volume: tonne, value: million USD) |
||||||||
|
Suppliers |
|
QI/2019 |
Variation |
Proportion(%) |
||||
|
Volume |
Value |
Volume |
Value |
Volume |
Value |
Value |
||
|
World |
8,670 |
52.989 |
10,114 |
60.711 |
16.7 |
14.6 |
100 |
|
|
China |
8,106 |
47.772 |
9,260 |
53.960 |
14.2 |
13.0 |
88.9 |
|
|
Thailand |
130 |
2.787 |
102 |
2.920 |
-21.7 |
4.8 |
4.8 |
|
|
Peru |
127 |
814 |
525 |
2.558 |
311.7 |
214.3 |
4.2 |
|
|
Vietnam |
284 |
1.329 |
221 |
1.161 |
-22.1 |
-12.6 |
1.9 |
|
|
Spain |
3 |
72 |
4 |
7 |
14.5 |
-90.3 |
1.9 |
|
|
Source: ITC |
||||||||
(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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