Israel was the 7th largest squid importer of Vietnam in the first nine months of this year. The country currently increased imports of Vietnam squid, especially fresh and frozen items. In the period, Vietnam’s squid exports to Israel increased compared with the same period in 2016. According to statistics of Vietnam Customs, sales of fresh and frozen squid accounted for 91% of total cephalopod export value to this market; followed by other processed squid with about 8% and dried squid with a small share.
Despite a rise in cephalopod imports from Vietnam, Israel is tending to decrease imports from other countries in the world. Total imports of this product into Israel in the first 7 months of 2017 reached US$1.4 million, down 47.9% over the same period in 2016.
This year, Israel tended to reduce imports of frozen/dried/salted squid; fresh/live/chilled squid; processed octopus while it increased those of processed squid; fresh/live/chilled octopus; frozen/dried/salted octopus. Imports of processed squid and fresh/live/chilled octopus in the first 7 months of the year grew impressively by 196% and 310% respectively over the same period last year.
Imports of cephalopod into Israel by products (Value: Thousand US$, Source: ITC) |
||||
HS |
Products |
Jan-Jul 2016 |
Jan-Jul 2017 |
Variation (%) |
Total |
2,750 |
1,432 |
-47.9 |
|
160554 |
Processed squid |
329 |
974 |
196.0 |
030749 |
Frozen/dried/salted squid |
2,348 |
373 |
-84.1 |
030751 |
Fresh/live/chilled octopus |
10 |
41 |
310.0 |
030741 |
Fresh/live/chilled squid |
6 |
- |
-100.0 |
030759 |
Frozen/dried/salted octopus |
35 |
44 |
25.7 |
160555 |
Processed octopus |
22 |
- |
-100.0 |
Israel currently imported cephalopod from 7 countries around the world. In particular, Vietnam was currently the largest supplier of cephalopod to this market, followed by Taipei (China) and India. Imports from these countries accounted for 58.2%, 14.9% and 13.8% respectively in the first 7 months of this year.
Israel is considered as a potential market of Vietnam thanks to its market-oriented economy, which is growing well. Israeli consumers are increasingly interested in the quality and price of products. For frozen squid products, Vietnam has an advantage in this market with its large market share and competitive prices.
In the past 2 years, the average import price of frozen squid from Vietnam to Israel has fluctuated at over US$5.8/kg, while that from China ranged from US$6.5 to 8.6/kg, that from Thailand was over US$6.3/kg.
Cephalopod imports into Israel by markets (Value: Thousand US$, Source: ITC) |
|||||||
Suppliers |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
World |
568 |
8 |
20 |
124 |
199 |
325 |
188 |
Taipei, China |
0 |
0 |
0 |
0 |
0 |
116 |
97 |
China |
0 |
0 |
16 |
0 |
0 |
0 |
31 |
Vietnam |
307 |
0 |
0 |
119 |
191 |
190 |
26 |
Thailand |
13 |
0 |
0 |
0 |
0 |
0 |
20 |
Egypt |
2 |
3 |
4 |
5 |
8 |
10 |
9 |
India |
197 |
0 |
0 |
0 |
0 |
0 |
0 |
Philippines |
49 |
0 |
0 |
0 |
0 |
0 |
0 |
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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