European brown crab is cheaper than Vietnamese goods

Published Oct 24, 2024

Tridge summary

Brown crabs from Ireland and Norway, known as 'super-roe' crabs, have become popular in Vietnam due to their size, quality, and competitive pricing, facilitated by the Vietnam-EU Free Trade Agreement that removes import taxes. These crabs are more affordable than local roe crabs, with fresh ones priced between 700,000 to 800,000 VND per kilogram and frozen ones at 350,000 to 400,000 VND. The ample supply from Ireland and Norway, along with the scarcity of Vietnamese roe crabs, has resulted in a 30% sales increase for some Vietnamese seafood stores. A decline in European demand has led Irish exporters to explore Asian markets, with Vietnam emerging as a promising option. Irish Agriculture Minister Pippa Hackett highlighted the strong consumption of Irish seafood in Vietnam and expects continued growth due to favorable trade agreements.

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Original content

Brown crabs from Ireland and Norway, also known as "super-roe" crabs, are large in size and have attracted the attention of Vietnamese consumers over the past two years. This type of crab is transported to Vietnam by air, and is fresh and delicious when it reaches consumers. According to VnExpress, brown crabs at seafood stores in Vietnam are quite cheap compared to domestic roe crabs. Grade 1 brown crabs range from 700,000 VND to 800,000 VND per kilogram, 150,000-200,000 VND lower than grade 1 roe crabs in Vietnam. In particular, frozen brown crabs cost only 350,000 to 400,000 VND per kilogram. Mr. Hoang, the owner of a seafood store in Thu Duc City, said that this crab has the most roe "from July to November". Thanks to abundant supply, the price of brown crab from Ireland and Norway is quite competitive compared to Vietnamese roe crab. In addition, brown crab also benefits from the Vietnam - EU Free Trade Agreement (EVFTA), with an import tax rate of 0%. This helps the price ...

Source: VNExpress