Vietnam cephalopod shifted to Netherlands

News 16:46 12/09/2014 502
(vasep.com.vn) Due to sluggish demand for cephalopod from Spain (the largest cephalopod importer in the EU block), suppliers shifted to other potential markets in the region such as Italy, Germany, Belgium, France and the Netherlands.

Through April 2014, Vietnam cephalopod exports to the Netherlands reported the highest growth among the EU block. Exports of the item in January, February and April of 2014 witnessed three digit growth of 129 – 507 percent year on year, except for the decline of 62.2 percent in March.

According to the International Trade Center (ITC), among top largest suppliers of cephalopod to the Netherlands, Vietnam ranked the 5th behind China, Spain, the U.K and India. In the structure of Vietnam’s mollusk exports to the Netherlands, frozen/dried/salted or in brine squid (HS code 030749) is the main item, accounting for 70 percent of Vietnam’s total mollusk export value to the market. However, Vietnam exporters are facing fierce competition from Chinese rivals in the market.

China’s frozen cephalopod epxorters are subjecting duty rate of 8 percent, higher than that paid by Asian suppliers such as India, Thailand, Vietnam with the rate of 3.3 percent. While large suppliers in the EU block such as Spain, Portugal enjoy the rate of 0 percent. Despite the disadvantage, Chinese cephalopod exporters are still dominating the Dutch market.

In March 2014, cephalopod imports from China into the Netherlands accounted for 7.7 percent of the market’s total import value. In the same month of 2014, the proportion increased to nearly 30 percent, doubling the import value from Spain and the U.K into the Netherlands and reporting 3-fold growth against import value from India, Vietnam and Thailand.

Chinese suppliers of cephalopod (HS code 030749) are making up 40 percent of the Netherlands’ total import value thanks to lower prices and diversified products such as fresh/frozen/salted or dried cephalopod products.

Cephalopod imports into the Netherlands, Jan-Feb 2012-2014 (US$ thousand)

No.

Suppliers

2012

2013

2014

Jan

Feb

Jan

Feb

Jan

Feb

1

China

607

329

506

253

349

313

2

Spain

187

67

99

116

45

134

3

The U.K

890

1,336

718

418

306

124

4

India

687

229

202

191

613

123

5

Vietnam

572

150

275

96

216

116

6

Thailand

234

276

275

31

7

87

7

Belgium

259

273

237

343

102

50

8

Morroco

9

21

0

106

250

41

9

The U.S.

105

226

126

65

72

39

10

Mexico

0

105

60

0

36

17

Source: ITC

 

Cephalopod imports into the Netherlands in 2013

Products

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Squid (HS code 030749)

1,698

835

1,176

1,507

2,325

1,511

2,099

1,439

1,992

1,609

2,135

1,768

Squid (HS code 030741)

784

580

653

240

194

95

25

26

113

200

298

367

Octopus (HS code 030759)

215

199

369

533

109

285

337

157

149

147

206

207

Processed squid (HS code 160554)

80

58

183

188

94

160

41

47

39

7

60

3

Octopus (HS code 030751)

4

23

8

4

4

8

7

4

10

4

8

1

Processed octopus (HS code 160555)

3

11

1

-

86

2

-

25

-

3

63

-

Total

2,784

1,706

2,390

2,472

2,812

2,061

2,509

1,698

2,303

1,970

2,770

2,346

Source: Trademap; Unit: US$ thousand

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