Spain- a good market for Vietnam cephalopod

(vasep.com.vn) EU has been a big exporter of Vietnam. With a strong growth at 107% year-on-year, Spain is the third biggest market for cephalopod from Vietnam.

As reported, accumulated value of Vietnam cephalopod exports to Spain from January to November 2014 is US$ 4.8 million.

It is noted that from 2013, cephalopod exports from Vietnam to Spain was affected by economic crisis. After a long period from 2013 lasting till QI/2014, cephalopod exports to Spain showed a staggering increase at 125-493% up year on year while Italian market cooled down from the overheating growth in 2013.

Latest statistics of the ITC showed that in the first 9 months of 2014, despite fierce competitions, Vietnam ranked 15th in the top cephalopod suppliers for Spain.

In 2014, major of cephalopod imports of Spain, accounting for around 50-65%, was squid frozen, dried, salted or in brine (HS code 030749). This was followed by frozen octopus (HS code 030759)  with 27-40% in the total import volume. Meanwhile, processed cephalopod (HS code 160554-55) accounted for less than 3%.

Morocco and The Falkland Islands are two major origins for most Spanish cephalopod imports, occupying 50-73% of the total import value. Morocco, though have been exporting to Spain for many years, presented reduction, resulting from large supplies from Asia countries such as China, India and Vietnam.

 

Cephalopod imports of Spain January- September 2014 (US$ thousand)

No

Origin

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Jan-Sep 2014

TG

60,188

54,610

64,567

62,100

83,480

63,846

73,090

64,770

80,100

606,751

1

Morocco

32,260

23,262

28,935

24,487

19,958

24,251

31,274

30,124

41,332

255,883

2

Falkland

2,027

4,485

3,246

1,798

20,293

12,107

13,633

7,988

8,690

74,267

3

Portugal

3,772

2,939

5,279

5,378

6,552

3,243

2,979

4,201

6,254

40,597

4

China

1,916

2,356

1,322

1,810

4,121

3,945

5,979

6,423

4,284

32,156

5

India

5,335

3,919

6,180

6,525

6,343

4,903

4,000

2,540

3,661

43,406

6

France

3,330

1,791

2,064

2,072

1,918

1,383

2,180

3,090

3,383

21,211

7

Mauritania

2,275

6,157

6,983

8,855

11,122

5,555

3,141

1,258

2,744

48,090

8

South Africa

112

1,268

1,534

459

132

287

187

3

1,706

5,688

9

Senegal

760

673

643

915

958

1,161

1,541

2,775

1,225

10,651

10

Italy

1,452

1,265

588

1,127

2,445

660

1,108

423

1,225

10,293

11

UK

386

311

433

100

392

727

734

763

926

4,772

12

Namibia

758

622

1,081

1,112

846

607

800

1,136

902

7,864

13

Netherlands

129

211

268

114

373

228

190

288

669

2,470

14

The US

809

402

1,156

635

1,170

637

1,502

642

563

7,516

15

Vietnam

274

335

-

365

142

353

682

530

450

3,131


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SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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