Vietnam cephalopod exports to the Netherlands rocketed

News 14:25 23/11/2017
(seafood.vasep.com.vn) The Netherlands held as the 3rd largest importing market of Vietnam cephalopod in the EU, accounting for 1.3% of Vietnam's cephalopod exports.

In May 2017, Vietnam’s cephalopod exports to the Netherlands reached US$0.5 million, an increase of 388% over May 2016. Thanks to the strong growth in May, the figure in Jan-May 2017 amounted to US$2.8 million, up 345% year on year. With this growth, the Netherlands was the market with the highest growth rate out of top 9 leading buyers of Vietnam cephalopod in Jan-May this year.

Frozen raw squid (HS code 030749) is the main product imported into the Netherlands. The market imports raw cephalopod for processing and re-exporting to other countries in the EU. The import demand for this item of the EU countries in early this year was on the upward trend. Therefore, Vietnam’s cephalopod exports to the Netherlands in the first 5 months of this year increased sharply.

According to the International Trade Centre (ITC), in 2016, the Netherlands imported 6,908 MT of cephalopod from countries in the world, worth by US$27.6 million; equal in volume and up 9% in value compared to 2015. Vietnam ranked the 5th (with a market share of 7.6%) in top largest suppliers to the country, behind China, India, the U.S and Thailand.

In the market, Vietnam cephalopod has to compete with China’s and India’s on price. In 2016, the average import price of cephalopod into the Netherlands quoted at US$3.99/kg. Of that, the price from Vietnam was US$3.99/kg while that from China and India was US$3.6/kg and US$3.7/kg, respectively.

In QI/2017, cephalopod imports into the Netherlands hit US$1.2 million; a decrease of 75.7% over the same period of 2016. In the period, Vietnam rose to the 1st rank in top leading suppliers of cephalopod to the Netherlands.

Cephalopod imports into the Netherlands (Thousand US$, Source: ITC)

Suppliers

2016

2017

Variation (%)

QI/2016

QI/2017

Variation (%)

World

25,217

27,563

9.3

4,869

1,184

-75.7

Vietnam

2,423

2,093

-13.6

520

204

-60.8

Peru

973

1,098

12.8

281

191

-32.0

Taipei, Chinese

21

154

633.3

3

89

2,866.7

U.S

2,450

3,136

28.0

248

151

-39.1

Spain

1,353

1,842

36.1

86

166

93.0

Germany

169

213

26.0

71

21

-70.4

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