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Exports of squid and octopus from Vietnam increase, but businesses worry about shortage of raw materials

 Last Update: 2021-12-24
 Source: Internet
 Author: User

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Vietnam's " Customs Online" reported on December 5 that the export (export) of Vietnamese squid and octopus to many major markets still maintained a good growth momentum .
However, due to limited supply, businesses are worried about the shortage of production materials .

According to VASEP expert Jin Qiu, Vietnam’s squid and octopus exports are still affected by the epidemic, and the supply of raw materials is limited
.
In addition, export activities are also restricted by high sea freight
.
South Korea, Thailand, the European Union and the United States are still markets with stable demand for imported squid and octopus from Vietnam
.
Since August, exports of squid and octopus to China have increased
.

The top 10 markets for importing squid and octopus from Vietnam this year are South Korea, Japan, Thailand, Mainland China and Hong Kong Special Administrative Region, Italy, the United States, Malaysia, Taiwan, Australia and the Netherlands, accounting for 97% of Vietnam's total squid and octopus exports.

.

In the first 10 months of this year, Vietnam's squid exports fell 1.
4% year-on-year, while octopus exports increased 10.
7% year-on-year
.
Among them, the export of dried, salt, live, fresh and frozen octopus increased by 12.
5%
.
This is also the fastest growing export of various squid and octopus products from Vietnam
.

　　Given the good growth momentum, if the raw materials are sufficient, Vietnam's annual squid and octopus exports are expected to reach more than 590 million U.
S.
dollars, an increase of 13% year-on-year
.

Customs squid octopus export

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