Vietnam reports growth of 8.3% in cephalopod exports
Except for the EU, where a 'yellow card' warning impacted the Vietnamese seafood exports, last year, the country's cephalopod exports had positive growth of 8.3%, reaching a total of $672.3 million.
In the total structure of exported cephalopod of Vietnam, squid still dominated with 51.5%, the remaining octopus accounted for 48.5%. Vietnam still mainly exported live/ fresh/frozen cephalopod products (accounting for 67% of the proportion), and processed products were still not much (33%), informs Vietnam Association of Seafood Exporters and Producers (VASEP).
The impact from the yellow card warning of the EU market made Vietnam export of cephalopod to this market drop by nearly 22%, with the main 3 import markets in the region (Italy, Spain, France) all fell by 30%, 8.3% and 1.2% respectively.
Nevertheless, there was an increase in value for shipments delivered to Korea, Japan and ASEAN countries by 24%, 4% and 15% respectively relative to 2017. South Korea was the market with the highest growth rate in the top 7 largest cephalopod import markets of Vietnam, up by 23.7%.
"In 2019, it is expected that the export value of cephalopod of Vietnam will be equivalent to 2018. The seafood industry, including cephalopod, is making efforts to concentrate on doing well with the C/C documents contributing quickly to remove yellow cards to generate goodwill for importers to order more", says Van Ha, VASEP marine fish market specialist.
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