This year, because the production of cephalopod in the world has reduced, therefore this pushed the price of raw materials higher. As a result, Russia's cephalopod import value grew by nearly 43%, reaching more than US$24 million.
Russia currently boosted imports of a wide range of frozen squid products, accounting for 52%; followed by processed squid items (including smoked product) HS code 160554, accounting for 45% of the total import volume of cephalopod into the country. This year, imports of processed squid products increased by 19%, while those of frozen items fell by 21%.
|
CEPHALOPOD IMPORTS INTO RUSSIA |
||||||
|
Products |
Volume (kg) |
Value (Thousand US$) |
||||
|
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
|
|
Frozen/smoked/salted squid |
2,720,361 |
2,147,898 |
-21.0 |
10,946 |
14,367 |
31.3 |
|
Processed squid |
1,539,882 |
1,836,114 |
19.2 |
5,793 |
9,439 |
62.9 |
|
Processed octopus |
31,831 |
68,340 |
114.7 |
232 |
461 |
98.7 |
|
Frozen/smoked/salted octopus |
9,541 |
4,016 |
-57.9 |
37 |
10 |
-73.0 |
|
Fresh/live/chilled octopus |
39 |
84 |
115.4 |
0 |
4 |
|
|
Total |
4,301,654 |
4,056,452 |
-5.7 |
17,008 |
24,281 |
42.8 |
|
(Source: ITC) |
||||||
China, Peru, Belarus, Thailand and Italy were the five largest suppliers to the Russian market.
Vietnam was currently one of the 10 major suppliers of cephalopod to this market. Up to the end of June, Vietnam’s cephalopod sales to Russia continued to increase. The figure in the first half of the year reached US$2.7 million, up 339% over the same period in 2017.
This year, due to the low production of cephalopod, China’s cephalopod exports to Russia decreased. As a result, the country is increasingly importing this item from other countries such as Peru, Thailand or Vietnam.
And this is a good opportunity for businesses to promote exports of cephalopod to the Russian market.
(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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