Up 8% in VN cephalopod exports to Japan

Vietnam’s cephalopod exports to Japanese market in 2016 reached US$109.6 million, up 8.1% compared to 2015. Japan was the 2nd largest with the proportion of 25% in 2016 from the proportion of 23.6% in 2015.

In 2016, import price of frozen octopus into Japan decreased in the first quarter and began to rise in QII. The import average price of octopus into Japan reached the lowest in March (US$6/kg) and the highest in September (US$8/kg).

Vietnam ranked the 4th in supplying frozen octopus to Japan after Morocco, Mauritania and China. Among top 4 leading suppliers to Japan, imports of frozen octopus from China rose in 2016 while imports from the 3 remaining suppliers declined. The average price of frozen octopus from Vietnam exported to Japan in 2016 was also lower than those of these 3 suppliers.

The imports of frozen squid into Japan in 2016 increased compared to 2015. Although in the early 2016, imports of frozen squid into the market decreased, import volume of this item since July rose.

The average import price of frozen squid into Japan in the first 5 months of 2016 ranged US$2.5 to 3.2 /kg.The import price of this item in 2016 was higher than 2015. China, Chile and Peru were top 3 suppliers of frozen squid to Japan. Vietnam only exported a small volume of this item to Japan.

Written by Ngoc Thuy

Compiled by Kim Thu