Vietnam

Vietnam's cephalopod exports to China up in 2018

Fish & Seafood

The Vietnam Association of Seafood Exporters and Producers (VASEP) expects Vietnamese cephalopod exports to China to gain positive growth in the year end.

Posted on Dec 28 ,13:52

Vietnam's cephalopod exports to China up in 2018

Shipments to China account for 7.5% of Vietnma's total cephalopod exports value to markets.

In the first 5 months of 2018, VASEP said shipments to the Asian country reported a remarkable growth but decreased between June and September. Overall, in the first 9 months of 2018 the export of cephalopod to this market increased by 7.8% to a value of $35.6 million.

"Consumption of cephalopod in China is increasing thanks to the fact that local people are look for healthy alternatives like seafood. The middle class and the increasing number of tourists also increase the consumption of cephalopod at restaurants," VASEP added.

Moreover, the Chinese demand is stimulated by a stable yuan currency.

Vietnam is the sixth largest cephalopod exporter to China and the fourth largest exporter of fresh and frozen squid to this market after Korea, Japan and Indonesia.

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