Vietnam’s squid and octopus get popurlar in Japan
MEKSEA.COM – Since the beginning of this year, Japanese demand for Vietnam’s squid and octopus increased steadily. As of the first half of 2022, Vietnam’s squid and octopus exports to Japan reached USD 67 million, up 41% over the same period last year.
Japan is the 2nd place of Vietnam’s squid and octopus exports, after Korea, accounting for 22% of Vietnam’s total export value of squid and octopus. In the first 5 months of this year, Vietnam’s squid and octopus exports to Japan ranged from 19-67% over the same period in 2021.
In which, Vietnam’s octopus exports to Japan accounted for 52%, and the rest is squid. The most exported products include frozen octopus, frozen processed octopus, frozen cleaned squid, frozen breaded octopus, frozen cuttlefish, frozen sliced squid, processed squid Frozen fillets, frozen cooked cut octopus,…
According to data from the World Trade Center (ITC), in the first four months of 2022, Japan’s imports of squid and octopus reached over USD 351 million, up 7% over the same period last year.
Frozen squid (HS 030743) and processed squid (HS 160554) are the two most imported products into Japan in the first 4 months of this year, up 7% and 4%, respectively. In the structure of squid and octopus products imported into Japan. As of April this year, imports of processed octopus (HS 160555) increased the most by 43% while Japan decreased imports of 2 items of squid with HS code 030749 and HS code 030759, down 10% and 45%, respectively.
Thanks to the reasonable shipping freight to Japan and the inflation rate is also lower than the inflation rate in the US and EU, the Japanese market is a potential market for cephalopods as well as seafood suppliers.
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By Hayati (Meksea Team)
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