Vietnam to boost frozen squid exports to the UK

News 16:03 19/05/2015
(vasep.com.vn) In QI/2015, cephalopod exports from Vietnam to the UK increased sharply compared with the previous years. Cumulative export value to this market rose 44.6% year-on-year, reporting the highest growth rate among EU markets.

Currently, the UK is the 7th largest cephalopod importing market in the EU, after Italy, Spain, Portugal, France, Greece and Germany. After the peak in 2010, imports decreased and hovered at 9,500MT/year.

The UK is the second largest economy in the EU after Germany, with relatively high income per capita. Seafood such as tuna, cod, salmon, haddock, shrimp is popular.

Squid frozen/dried/salted or in brine (HS 030749) was the major imported item, making up for over 67% of total imports, followed by processed squid (HS 160554) with 16% and octopus frozen/dried/salted or in brine (HS 030 759) with 14.2%.

Consumption trend has been changing these years. In 2010, about 90.2% of total seafood imports were frozen squid, which now accounted for only 67%. This leaves spaces for increase in imports processed squid and frozen octopus.

Like in other EU markets, consumers in the UK are dependent on supplies from Africa or Mexico. Not until recently have they eyed on suppliers from  Asia such as Thailand, India, China, Vietnam or Indonesia. This is a golden opportunity Vietnamese companies.

 
 
 
 
 
 

Cephalopod imports into the UK (Unit: $US mil)

No

Origin

2014

2015

Q1

Q2

Q3

Q4

2014

Jan

Feb

1

Spain

1,039

1,309

1,120

1,077

4,545

278

266

2

Thailand

926

1,346

633

1,308

4,213

246

261

3

China

1,464

771

723

330

3,288

62

10

4

India

526

731

774

989

3,020

114

329

5

The US

282

296

406

554

1,538

119

253

6

Vietnam

54

469

512

407

1,442

22

186

7

Indonesia

389

208

207

401

1,205

102

 

8

Demark

399

263

253

146

1,061

51

31

9

France

218

240

208

251

917

49

177

10

Portugal

103

195

240

224

762

73

44

11

Malaysia

155

205

74

73

507

292

78

12

South Africa

157

-

71

145

373

-

-

13

The Netherlands

101

90

70

48

309

38

40

14

Italy

24

113

41

55

233

24

24

15

Belgium

41

32

42

51

166

26

14

World

6.056

6,775

5,885

6,246

24,962

1,615

1,771

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