Analysis

Vietnam's octopus exports trend down as global demand declines

Frozen Octopus
Vietnam
Published Jun 4, 2021
Since COVID-19 is not fully recovering yet, the supply of raw seafood and global demand for seafood will reportedly continue to fall, like what occurred in Vietnam whose exports fell by 40% globally. Now, most of the major importers have contributed to reducing the total imports, especially Japan, whose demand also fell by around -29.23%. Japan is now increasing demand from major exporters including Morocco, China, and Mexico.
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